Why did Republicans lie and tell us that if corporations made more money there would be jobs?
Record Profits lead to fewer jobs. http://www.bea.gov/newsreleases/national/gdp/2010/pdf/gdp3q10_2nd.pdf Cut taxes and companies will make more money and hire people. 3 quarters in a row of record profits combined with lay offs.
Asked By: High Priestess Shizuka - 6/23/2011
Best Answer - Chosen by Asker
Technically, the Republicans didn't lie. They just never were honest enough to admit that those jobs would be created in Mexico, India, China, and anywhere else we have a free trade agreement.
Answered By: Chewy Ivan 2 - 6/23/2011
Additional Answers (15)
when did they say that?
Answered By: New California Republic - 6/23/2011
because they work for/own those companies... and it's very much in their personal interests to push the interests of these companies...
Answered By: Zombie g - 6/23/2011
They thought it was a good idea at the time.
Answered By: Merkon - 6/23/2011
John Steward said the Fox News listeners were more ignorant than the people that do not listen to any news at all.
Answered By: Glass Cup - 6/23/2011
Because their corporate sponsors thought the public might buy into that discredited theory.
Answered By: brucec83 - 6/23/2011
Get off your computer it was made by a corporation... More
Answered By: O-BOMB-A - 6/23/2011
Usually, Republicans side with big money $$$$$ Not with the Middle Class, backbone of American workers. THey want to get rich, then richer. And then more Rich. In my opinion, they do not care about anyone else but themselves. A shame.
Answered By: NoLoveChristians - 6/23/2011
If corporations made more money there would be more jobs, just not here in America. Why do the patriotic thing and hire an American when you can hire a 12 year old girl in some 3rd world country to do the same job for pennies with no benefits?
Answered By: The Gladiator - 6/23/2011
"Because the government no longer serves we the people," -Ex-CIA agent Robert Steele
Answered By: Chicken Chips - 6/23/2011
We have NEVER said that. Additional jobs come about when there is additional demand for the goods or services produced by the company in question. That being said, additional profits make it easier for the company to hire if the need arises.
Answered By: Islam Delenda Est - 6/23/2011
Big Corporations are Powerful... More
Answered By: Philip H - 6/23/2011
you claim to be a business man so why no mention of profit % instead of just dollars? thanks to 0bama costs are up and margins are down. you would know this if you were a real business owner and paid taxes instead of hiding off shore... More
Answered By: Lezzy Liberal - 6/23/2011
This is absolute proof of the insanity of "trickle-down" economics...not that we needed more than the 30+ years of hard data showing trickle-down to be a spectacular failure, but thanks!
Answered By: R - 6/23/2011
Well, a largER portion of the profits are being derived from overseas demand by multinationals. At the end of the day, tax rates really don't affect hiring as much as people believe. High complicated tax rates can be impediments, but a zero tax rate is still an impediment if there is no demand... More
Answered By: what the heck - 6/23/2011
The thing everybody is ignoring is Obama's lifetime anti business stance. Most business people and investors will never trust him or anything he says. If you are one of those liberals that supports the notion that raising taxes promotes job creation please explain how that works. I'm all ears. Get ready to laugh... More
Answered By: Ollicopter - 6/23/2011
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