An intellectual freedom blog with an emphasis on libraries and technology
Saturday, September 03, 2011
Now They're Just Laughing At Us
A recent segment of the Rachel Maddow show with guest host Melissa Harris-Perry interviewing Jared Bernstein, former Economic Policy Adviser to VP Biden, deconstructs the latest Republican Bizarro-World political platform: reducing or eliminating corporate taxes. Several of the Republican candidates for President propose this idea as a way to "encourage job creation." But as Harris-Perry lays it out in this segment, corporations already have recovered from the recession and already have posted huge profits, but they have not created jobs. Why will giving them more concessions inspire them to create more jobs if they're already swimming on profits?