Carl Davidson ranting:
Watch CNN reporting on the economy this afternoon, and many prior similiar shows, I’m sick of the airheads, both commentators and guest economists, who refuse to say the simple truth that in a down economy, jobs are produced BY INCREASING DEMAND! It’s demand, stupid! Business hires more workers when they have more customers and can’t keep up with the orders. Tax and regulation adjustments are way back on the list. What’s more, they can’t get it through their heads that there are not a zillion consumers sitting around with piles of money just waiting to buy things, if only the righ got one more tax cut. Consumer buying capacity has shrunk, and not the GOP airheads want to shrink demand by government to boot.
We need WPA/CCC 2.0, a massive green jobs and clean energy stimulus, not the half-hearted one that got half-hearted results earlier on.
Where are the jobs? You’ve been doing you damnest to destroy them by ignoring or short-changing the demand side, that’s where they are.
This is no rocket science. But it doesn’t fit the neoliberal line, so it gets squished in the media. Makes me want to throw things at the TV and throw out any politician who repeats this crap.
- carldavidson posted this