I wish all shows hosts, editors and reporters would stop allowing their guests to say "the wealthy create jobs" - because they DON'T! They respond to demand - created by consumers, most of whom are NOT wealthy. Want proof? Why weren't companies hiring for the past two years - even though they had hoards of cash they were siting on? Because the demand wasn't there - consumers weren't spending. How much more proof do we need that the folks in the middle and lower classes are getting scr___ed by folks with money - they just want more and more and they take it if we let them. I agreed with Buffet and Gates and all those millionaires who say "enough - we have enough money. We don't need tax breaks." Shouldn't we take their word for it - and not some shill politician's?
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John King, USA aired weekdays at 6pm ET. The final show aired June 29, 2012.
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I wish all shows hosts, editors and reporters would stop allowing their guests to say "the wealthy create jobs" - because they DON'T! They respond to demand - created by consumers, most of whom are NOT wealthy. Want proof? Why weren't companies hiring for the past two years - even though they had hoards of cash they were siting on? Because the demand wasn't there - consumers weren't spending. How much more proof do we need that the folks in the middle and lower classes are getting scr___ed by folks with money - they just want more and more and they take it if we let them. I agreed with Buffet and Gates and all those millionaires who say "enough - we have enough money. We don't need tax breaks." Shouldn't we take their word for it - and not some shill politician's?