Scott Davis: Pesky facts about that Republican myth about job growth

Scott Davis: Pesky facts about that Republican myth about job growth

A BUZZFLASH READER CONTRIBUTION
by Scott Davis

The first Bush created 49 thousand jobs a month, Clinton 240, this Bush 51 thousand, even with the population growth we've had. Clinton raised taxes on the wealth at the start of his term. The Republicans at that time said it would create a Depression. Instead, we had the longest peacetime expansion since WWII.

A BUZZFLASH READER CONTRIBUTION

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Trickle Down???

The trickle down economic ideas that Palin spoke of last night of course are slanted from the top down. A friend of mine had a thought about trickle down economics. He said it not had worked for him and the hundreds of thousands who no longer have their jobs. "Things did not trickle down to me. It was more like I was pissed on."

It should be Trickle UP

I have always been suspicious of the trickle down theory. It seems that money given to the wealthy gets locked up in tax shelters and private investments, not put to work for the greater good of the economy as a whole. This has been borne out by the trend towards concentrtion of wealth in the last thirty years. In that time, the focus of the wealthy has shifted from investing to amassing. Money is the lifeblood of the economy; it only works when it stays in circulation, not collecting in stagnant, livid pools. Had the tax cuts and other benefits of the last thirty years been given to people at the other end of the economic spectrum, it would have flowed into and through the system, buying the goods and services the lower- and middle-income need to live and the wealthy seldom notice. Those on the top would have benefitted in the long run by the workings of a more vigorous cash flow. The graph above is a suitable demonstration of this principle.

trickle down

Trickle down economics has never worked, there's just not enough to trickle down, we keep giving and the rich keep getting richer