The CBO (Congressional Budget Office) just released a report listing the best ways to create jobs in America.
Number One - Increasing aid to the unemployed.
Number Two - Reducing employers' payroll taxes for hiring firms.
Number Three - Reducing employers' payroll taxes (all firms)
Number Four - Refundable tax credits for low and middle income homes.
Number Five - Full expensing of investment costs.
Number Six - Subsidizing the interest rate on certain refinanced mortgages.
Number Seven - Reducing employees' payroll taxes.
Number Eight - Extending the alternative tax patch.
Number Nine - Non-Infrastructure aid to states.
Number Ten - Extending the Bush tax cuts.
So it appears the Republican whining about the necessity of continuing tax breaks for the wealthy, who they refer to as "job creators," doesn't actually do very much to boost the economy, according to the non-partisan CBO. They also noted that another Republican mantel-piece, the tax holiday for repatriated corporate earnings, would do very little to create new jobs, either.
This all comes down to one basic fact that conservative ideology completely ignores time and time again. That demand is what creates jobs. When wages go down as they have for the past 30 years, you deprive Americans of the ability to buy more goods.
And no company, despite the enormous profits most of them are reporting, is going to create new jobs when there is no increase in demand for their products. That's why we watch companies reporting multi-million dollar profits continue to stand pat or announce thousands of lay-offs.