I finally decided to read one of the stories associated with this headline. The New York Times story Obama Proposes Deal Over Taxes and Jobs finally wore me down to the point of reading this.
President Obama came to a cavernous Amazon distribution center here Tuesday and backed a cut in corporate tax rates in return for a pledge from Republicans to invest in more programs to generate middle-class jobs.
I am finally (finally?) beginning to think that this man is dangerous when he starts negotiating with himself. I don’t think we are going to see any progress on the economy (society) until we get Elizabeth Warren elected President.
Cutting taxes just allows corporations to keep more of their profits to sit idle while they wait for consumer demand to pick up. They will only start hiring when the demand for product exceeds their ability to supply it with the existing work force. The more money that gets taken out of the economy and put on the sidelines, the longer it is going to take for this to happen.
The more we enable corporations to stick it to the unions and their potential members, the longer these corporations will be able to frighten workers to work more for less. This also delays the recovery.
It may be true that the Republicans are actually doing us a favor by not accepting President Obama’s attempts to cave into their demands.