Wednesday, October 8, 2014

John Boehner Just Admitted on Twitter That Republicans Have No Jobs Plan

In a breathtaking display of honesty, House Speaker John Boehner tweeted out the Republican Party’s five-point jobs plan Tuesday morning—and it was entirely empty. Take a look:
Liberals have had quite a bit of fun with this on Twitter (as I have), but Boehner accidentally told the truth in that tweet. The Republican Party doesn’t have and has never had a jobs plan during the Obama presidency. To see that, take a look at the actual five-point “jobs plan” that Boehner links to in his tweet. He wants to reform our tax code, cut spending, reform the legal system, cut regulations and improve our education system. Those all seem like good ideas—and could generate increased growth in the long-run—but these are all supply-side solutions intended to increase worker productivity and encourage business investment.

But the economy currently suffers from a shortfall in demand—consumers aren’t buying enough stuff. When the Great Recession hit, Americans dramatically cut back on spending, forcing businesses to fire workers, who cut back their own spending and this negative cycle repeated itself.


Story's here.

The Republican plan doesn't address the shortfall in demand. Only a plan that increases demand will cause quicker job growth/creation. Increased demand will come when consumers have dough to spend on stuff. If Congress really wants to see job growth, they need to get busy and figure out how to get more dough to consumers. 

This isn't rocket science. I was taught this way back in the early 1970s in college.