erieangel
Posts: 2237
Joined: 6/19/2011 Status: offline
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Last night, Ed Shultz (yes that left wing nut case on MSNBC) played an audio clip of somebody who had called into his radio program. Here it is: UNIDENTIFIED MALE: I am a small business owner. Most years, I make over 250,000 dollars a year. And you know, Republicans keep on saying they can‘t tax the wealthy. They‘re the job creators. Ed, they‘re wrong. As a small business owner, I am not a job creator. The middle class in this country are the real job creators. Those people making 30,000, 40,000, 50,000 a year. Ed, you know, two thirds of our economy is driven by consumption. That consumption is not being done by the top two percent. It‘s the vast middle class. People listening have to understand that businesses exist to create a profit. You have to make businesses hire by creating demand for their goods and services. We have a demand problem in our economy, not a cash problem for businesses. Business owners, wealthy people, they don‘t need more cash. This was pulled from the transcript of The Ed Show which aired on 7/27/2011 http://www.msnbc.msn.com/id/43927544/ns/msnbc_tv-the_ed_show/ This caller made a whole lot of sense. The wealthy have been given tax cuts for how long now?? And the job situation isn't getting any better. The fact is, with so many people out of work, those who do work aren't spending like they used to. Only by putting more and more people to work will the economy improve. Without a demand for goods and services, the economy will continue to stagnant and perhaps this business owner referenced above will lose his business.
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