Liberal comebacks to Republican lies

POSTED BY ORHAN

In a recent post, Robert Reich catalogs and rebuts the biggest whoppers spun by the Republicans regarding job creation:

“Cutting taxes on the rich creates jobs.” Nope. Trickle-down economics has been tried for thirty years and hasn’t worked. After George W. Bush cut taxes on the rich, far fewer jobs were created than after Bill Clinton raised them in the 1990s.

“Cutting corporate income taxes creates jobs.” Baloney. American corporations don’t need tax cuts. They’re sitting on over $1.5 trillion of cash right now. They won’t invest it in additional capacity or jobs because they don’t see enough customers out there with enough money in their pockets to buy what the additional capacity would produce. Florida Governor Rick Scott, for example, says his proposed corporate tax cuts “will give Florida a competitive edge in attracting jobs.” They’ll also require education spending be reduced by $3 billion. Florida already ranks near the bottom in per-pupil spending and has one of nation’s lowest graduation rates. If Scott’s tax cuts create jobs, most will pay peanuts.

“Cuts in wages and benefits create jobs.” Congressional Republicans and their state counterparts repeat this lie incessantly. It also lies behind corporate America’s incessant demand for wage and benefit concessions – and corporate and state battles against unions. But it’s dead wrong. Meager wages and benefits are reducing the spending power of tens of millions of American workers, which is prolonging the jobs recession.

“Regulations kill jobs.” Congressional Republicans are using this whopper to justify their attempts to defund regulatory agencies. Regulations whose costs to business exceed their benefits to the public are unwarranted, of course, but reasonable regulation is necessary to avoid everything from nuclear meltdowns to oil spills to mine disasters to food contamination – all of which we’ve sadly witnessed.

“Cutting the federal deficit will create jobs.” It’s not true. Cutting the deficit will create fewer jobs. Less government spending reduces overall demand. This is particularly worrisome when, as now, consumers and businesses are still holding back. Fewer government workers will have paychecks to buy stuff from other Americans, some of whom in turn will lose their jobs without enough customers.

Reich calls on the President to refute these claims loud and long, before they become conventional wisdom. He can’t understand Obama’s silence in the face of the Republican onslaught.

17 responses to “Liberal comebacks to Republican lies

  1. It’s only logic. People who have money buy stuff. The stuff they buy needs to be manufactured, grown, created. Takes people to do that…read “jobs”. The people who are employed to manufacture, grow, etc. now have money to buy stuff. And that’s how it works and that’s how the jobs are created and the economy functions. Cutbacks and destroying unions is the opposite of what we need to turn the economy around. It’s not rocket science.

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    • Absolutely. And adding that government itself – big government, which is what you need to manage an enterprise with 400 million people – is the most desirable customer of them all. Businesses will trip over each other to gain the government as a customer. I’d bet they buy more potato chips than MacDonalds!

      But Orhan, I think it’s too late to caution against these mantras ‘becoming’ the conventional wisdom. I think they already are.

      Liked by 1 person

    • My sense, Woodstock, is that in our globalized economy, the fate of American workers is simply irrelevant. Corporations are gearing up for the huge Asian markets now opening up.

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  2. Pingback: Liberal comebacks to Republican lies…Whatever Works…. - Politicaldog101.Com

  3. Ok, break it up people; there’s too much common sense going on here!

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  4. I would hop in my Volvo – if I owned one – and grab a latte if I had the extra $4.00 hanging around.

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  5. I drove my 95 Toyota over to Wendy’s and picked up a diet coke 🙂

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  6. Man liberals suck

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  8. This is refreshing!

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  9. Robert Reich doesn’t “repudiate” anything — he just spews forth the standard “Republicans are LIARS!!” liberal talking points, but fails to back up his pontifications with any, you know, evidence

    Liked by 1 person

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  11. Man conservatives and corporate America sucks! If conservatives, Trump, his supporters and the GOP never existed, we would never be in this mess in the first place. Hey Anonymous, whoever you are, I don’t care what you say considering it was conservatives who started racist policies and stuff to oppose anyone that wasn’t white outside their regime! So if anyone sucks the most, it’s you Rightists and conservatives, you Police State-lovers!

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