Parasite Wall Street Mitt Romney says the US jobs numbers are catastrophic, horrible and even worse, and the US needs to cut taxes for corporations and the rich, as well as bust unions, to solve the problem. Then we’d open the floodgates to millions of jobs. That’s pure bull crap, and Wall Street Mitt knows it.
Right now US corporations are sitting on $1.7 trillion in the US and over $5 trillion worldwide. Apple Inc. is sitting on $117 billion. Why isn’t supply-side economics working? There’s only one answer. It never has. It was always a lie to deceive the 99 percent. So giving tax breaks to corporations and the rich will only allow them to purchase more political power with which to suck the rest of us dryer, thereby depressing the economy and jobs markets further. Then the 1 percent will use their financial muscle to legislatively steal more from the 99 percent and stick their ill gotten gains in their own pockets. That’s why Wall Street Mitt’s call for more tax cuts for corporations and the rich will only lead to more disaster for the 99 percent.
That’s precisely why labor’s share of total national income has sunk to its lowest level since records have been kept. That’s the real issue and the real economic point that needs to be made. Demand is weak because the middle and poor classes have been legislatively sucked financially dry by the parasites of the 1 percent.
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