GOP can't explain why Buch Cuts can't create jobs

[foolishwisdom]

Reporting from Think Progress, where Republicans filibustered a plan to extend a payroll tax cut, still clameing that the rich are "job creators," an that it's best for the economy. So then...Bloomberg’s Al Hunt interviewed Rep. Fred Upton (R-MI), of the GOP fiscal supercommittee, telling him that the economy was in better shape, and more jobs were created under the Clinton administration, with the rich being highly taxed; but when questioned why things were economically better before the Bush Tax Cuts, Mr. Upton flatly admitted he didn't know, and tried to throw a red herring answer at Mr. Hunt's question.

(Quote starts around 1:07)

HUNT: Why under those pre-Bush tax cut tax rates did the economy do so well in the ‘90s? And why under the Bush tax rates, less for the wealthy, to do so poorly in this decade?

UPTON: Well, a couple things. One, spending went up, Al, the wars. I mean, that’s trillions of dollars. And also there was no change in the entitlements. And we also know -

HUNT: But that shouldn’t hurt the economy. That shouldn’t hurt economic growth.

UPTON: Yeah, but that impacts the debt and the deficit.

HUNT: But I’m asking, why did the economy grow a lot? Why were more jobs created in the previous decade under higher taxes than in this decade under lower taxes?

UPTON: I don’t know specifically the answer to that question. I can – I can maybe merit a guess. But, I mean, in large part is because our job – we lost jobs. I mean, look at the jobs report that came out this last week, three-hundred- some-thousand people actually stopped looking for jobs.

The article went on to quote Michael Linden of the Center for American Progress Director of Tax and Budget Policy, stating:

in the past 60 years, job growth has actually been greater in years when the top income tax rate was much higher than it is now.
...
if you ranked each year since 1950 by overall job growth, the top five years would all boast marginal tax rates at 70 percent or higher.

And finally, Nick Hanauer, whom Mr. Hunt mentioned earlier in the interview, wrote his own article in Bloomberg admitting that the middle class do a much better job at creating jobs then the rich.

Even so, I’ve never been a “job creator.” I can
start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.

That’s why I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is the feedback loop between customers and businesses. And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be.

(His full article is found in a link in the Think Progress article)
thinkprogress.org/economy/2011/12/04/381510/upton-cant-explain-tax-cuts-jobs/
And he goes on informing, quite well if I may say, how lowering taxes on the rich can--or perhaps I should say has--hurt everybody.

So...at this point, we have a representative who is part of a group who have a plan to fix the economy, yet he mildly admits that he can't explain why the economy is getting worse, and will most likely still say the Bush Cuts'll make things better. And we have a "job creator," who is telling the people whom are financially protecting that they're doing more harm then good.

Question: What will it take for the GOP to get their heads out of their asses, and actually fix the economy?

Edit: Grammar error.

[ironbite]

Nothing. They're permanently wedged in there

Ironbite-only fire will cleanse them of their sins

[Ranger Joe]

How does it create jobs? It allows those fucks in DC to keep their own. If they dropped them, all that corporate funding would vanish. Then how would they make hateful, fucked up campaign messages?

WONT SOMEONE PLEASE THINK OF OUR LEADER'S WELL BEING?!?! /sarcasm

[Khris]

so flamethrowers?

[brendanrizzo]

This is oh, so sweet.

[Iczer-Four]

How about Combustible Lemons?

[N. De Plume]

Dec 4, 2011 16:07:22 GMT -5 @foolishwisdom said:

Even so, I’ve never been a “job creator.” I can
start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.

That’s why I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is the feedback loop between customers and businesses. And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be.

I like this.

You know, I think this touches on a good point. The problem with a lot of conservatives is they seem to think everyone acts in some sort of vacuum. They think that everything happens to them, and by extension everyone else in the world, is the result of those individual’s actions. Are you a success? Then that is solely the result of your own hard work? A failure? Then it is just your laziness. No other person, situation, or stroke of good or poor luck can possibly affect you, according to these people. They cannot see how everything is interconnected. I think this is ultimately why they are so selfish.

[lexikon]

Obviously it's because the taxes on the rich are still too high. </sarcasm, although I've heard someone say this.>