Meet the REAL Job Creators
By now everyone whose IQ is higher than his/her shoe size has already seen through the Republican bullshit about “the job creators.” In the GOP fantasy world, the wealthiest one percent of the country — i.e. the “job creators” — are champing at the bit to start investing money and creating jobs, if only those damn Democrats would give them more tax breaks and get rid of those job-killing regulations that are strangling the economy.
These alleged “job creators” are already sitting on trillions of dollars. If we lower their taxes even more, these “job creators” will have even more money to hide in Switzerland and the Cayman Islands. And this will create jobs, uh, how again?
Small business owners are the true job creators. Since 1993, sixty-five percent of American jobs have been created by companies with fewer than 500 employees.
And right now, bank loans to small businesses have fallen to their lowest level in twelve years. Think that might have something to do with our huge unemployment rate?
The money that these bailed-out banks are sitting on — remember where it came from? It came from US, the taxpayers who rescued them three years ago when they gambled and lost everything they owned. And this is how they’re paying us back.
To help counter the Republican Propaganda Machine, everyone should read and bookmark this Mother Jones article: Six myths that have to be killed for our economy to live. The article is one small voice against Fox News and Wall Street. But it’s a start.
Labels: bank loans small business, job creators
posted by Tom Harper @ 6:22 PM
8 Comments:
Unfortunately, Tom, not everyone whose IQ is higher than their shoe size has seen through the republican bullshit. While the "job creators" keep reaping billions in profits, and their political whores continue to get reelected, things will not change.
The Mother Jones article is great. Unfortunately few people will read it, and the MSM will not report such information. The media is part of the problem, not the solution.
So once again we show proof that small business create the majority of the jobs but the “business loving” Republicans keep throwing all the money to big business.
“Fast Food Nation” addresses some of that: How Congress once gave tax breaks to small business so that say “Tom Harper’s Fat Burgers” could compete with McDonalds until he gets on his feet. Then under Gingrich they made the argument that we are hurting the franchisee and “he is a local business man just like Harper”, so they opened up the tax breaks to the franchisee as well and now people like Warren Buffett (who owns more Burger Kings then Burger King) are the biggest benefactors of that Incentive.
SBA Loans? Used to go to small business people who wanted to start their own business now studies show the majority of loans (as well as the biggest default rate) goes to the Franchisee, thanks to the Republican rule changes, The Big Guys (like Pizza Hut) don’t have to put much money into a new store, they let the taxpayer pay for it by an SBA loan.
Enterprise Zones? Those are the money communities put in to attract business to their areas. The Big Guys (like a Bed, Bath and Beyond or a Home Depot) set these up, supplying all the paper work and expertise to the community to set it up, and then take the tax money. Problem is, they don’t leave any room for small business, in fact most communities don’t include Mom and Pop business because they are afraid that Pop will die and then they have empty space. In fact the turnover comes from the big stores who are prone to leave when the tax break ends or the Utility bills go up. This is why most Malls have the same stores wherever you go.
But they weren’t done yet…..
Republicans then changed the definition of small business to include one man CPA’s and Law Offices that don’t do any hiring. They also include CEO’s and the rich who rent out their extra houses and set up a property management firm to do so.
They still think it’s OK for corporations to open a postal box in the Cayman Islands, call it their world headquarters and then take a tax break as if they lived there.
Erik
There are words and groups of words that trip certain synaptic switches inside me causing me to immediately head for the edge and then dive off. The term "small business" is one of them.
I won't get into it now as I had already gotten into prior to this comment in this comment box. My comment ran for over 1000 words. I know this because I cut n pasted it to Word and did a word count. You are lucky and should be grateful I deleted it to spare you or anyone else the agony of reading a grown man foam at the mouth. Looks like I have a future rant brewin and stewin on the back burner.
I disagree with Jerry Critter. Maybe I am more jaded and pessimistic, but I contend that most people with an IQ larger than their hat size do indeed know the GOP rhetoric is Bullshit. They deny the facts in favor of bolstering their fantasy of what the World should be but never will be. Anger driven rhetoric is more likely to be based on lies than the other way around. And let's face it, the GOP has been angry since one of their own was disgraced and had to resign the office of the presidency. Add in the ultimate insult of electing a black man whose American pedigree does not fit neatly in with their conception of what an American is and well, they will latch on to any lie as long as it helps bring down the other side.
That said, I did read the article and it was bookmarled. Their concise treatment hit many nails directly on their heads. One or two myths were presented in ways that brought up things I had not consdiered. A very well written article.
Myths? Why don't they call them lies and be done with it?
I'm guessing "Job Creators" will be named "Lie of the Year" following the other Republican lies of the year, "Death panels" and "Government takeover of health care".
I have to go somewhere, so I'll have to read the article this evening. For now, I'll point out again that America's corporations and wealthy investors are creating lots of jobs. It's just that they're creating them in China, India and other places where desperate people work for coolie wages.
The ultimate goal is to break the America's middle and working classes, destroy the unions, destroy or co-opt Democratic Party completely. With all that out of the way, the 1 percent and their minions in and out of government can live in feudal splendor, with most Americans working for coolie wages if and when they're working at all.
Jerry: You're right about the Mother Jones article. For every person who reads it, ten thousand people will sit in front of Fox News and be mesmerized by simple-minded Republican soundbites.
Erik: I didn't know that about large corporations and franchises being able to disguise themselves as small businesses, "your local guy." Or maybe I knew but forgot.
But it figures. That's the exact kind of sleight-of-hand gimmickry that Republicans are famous for.
MRM: Hope you saved your long rant; I'll look forward to seeing it at your site.
I'm guessing that being a one-person operation, you probably resent the term "small business" applying to any company that has fewer than 500 employees. Just a guess.
Dave: Someday, historians will look back on the America of 2011, see the popular slang of that era like "death panels" and "job creators," and say "My God, was the American public really that stupid back then?"
SW: I'm afraid you've got the Republicans' goal spelled out very articulately. I just hope they don't achieve it.
The only jobs Rushpubliscums ever create are for hired help in mansions, and civil-rights attorneys to defend women and minorities from their constant attacks.
JR: I guess there are a few butlers and parking valets who are grateful for the GOP's job creation.
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