The article by Stephen Crockett is actually headlined GOP Eyes Big Gains Over the Economy.
The article is another restatement of the economics that makes the Republican plan so bad for the country. The more different ways this can be explained, the more the chance that enough people will finally get it. If enough people finally understand what the Republicans are doing, then the predicted Democratic losses in November will not happen.
Some of the paragraphs of wisdom include:
Jobs are not created by just having large pools of investment money available. There must be the opportunity to invest in a business that will have customers who can buy the goods and services before the investment money flows into job creation activities.
And this:
Tax cuts for the wealthy create huge investment money pools but not jobs. The United States has plenty of money sitting idle in corporate and personal coffers. Corporations have almost a trillion dollars sitting essentially idle in corporate accounts at this time.
And this:
The former middle class disposable income now controlled by the economic elite funds speculation and unsound “bubbles” in the economy instead of a healthy economy because sound businesses now lack paying customers.
Deregulation helps corporations charge excessive prices. Not enforcing anti-monopoly laws permits price gouging. Not capping interest rates concentrates wealth and reduces consumer spending.
And more. Read the whole article.