From a totally factual position, do you care about trickle down economics? Do you believe that it works?
I personally believe there are fundamental economic reasons it doesn't and I think it's become very hard for conservatives to continue to prop up the idea it does.
So, an example of the conservative view point that Mitt Romney will push is that the government gets in the way of business and that id the government would simply make doing business easier and cheaper, everyone would prosper and the better.
So Mitt Romney proposes that the wealthy business owners should be taxed less, because they will use that tax savings to create jobs.
The fundamental problem I have with that is economics is based on one underlying truth: That businesses will act in their own best interest, and consumers, in theirs.
So if we hold that to still be true (and it is without government intervention) the tax breaks given to large companies could never 'make' them create new jobs, it would simply give them more profits to either keep or reinvest. If they chose to reinvest it in their company, and say, create a new product, they would in theory hire new employees to help them do this.
That creates new jobs...HOWEVER...
The only way those people will KEEP their jobs, is if consumer buy their new product.
Well, if the entire country has reeled in spending as it has and people are under pair or out of work, if that company's product isn't successful enough to deem the new product successful, the new jobs created are then lost as the business sheds the product and the workers who helped support it.
So tax breaks for big business require first and foremost the board members and CEO's of those companies to decide not just to keep the extra profits to make share holders happy, but then requires you to trust that most of them won't do that and will invest in new products and services, hire new people and hope consumers have enough money to spend to support it.
Knowing the fundamental truth to economics that Business will act in their own best interest first, creating Jobs is never the first thing on their list. Creating increases in revenue and profits is. Getting a tax break gives them more of both, which makes them happy, but forces them to do nothing.
If the consumer base inst strong and doing well, this is all for naught.
Hence why it's important for the government to become involved and steer practices and make choices to prop up industries and invest in others to try and take the first rule of economics out of the equation.
The better off the average person is, the more money they have to spend, the more shyt they want to own, the better these new products sell, the more growth it drives in company hiring.
I didnt even vote for Mittens or Obummer so miss me with the Mitt label
