Monday, September 12, 2011

Paul Ryan Dismisses Consumer Demand as Job Creator: "I'd like to see us focus more on the corporate tax reform stuff."

Even worse than the title comment, when asked about the trade bills Ryan himself oversees, jobs took a back seat. Surprised?
Host: "when you asked the question (to the White House why the trade policy hasn't move forward)...what answer did you get back?"

Ryan: "Labor, uh, pressure from their base on the "left."
The word Ryan is searching for is "Democratic Party." Not "left," not the "base," but Democratic Party. The only other major political group that is now being marginalized and accused of stealing our country. They're horrified that they would have protecting jobs. Instead, they would like displaced workers to go through the nightmarish alternative of job retraining, which they think makes up for the job losses.

But according to the actual business community, in the real world and away from corporate lobbyists, Ryan is wrong. It's all about DEMAND! NY Times:
The dismal state of the economy is the main reason many companies are reluctant to hire workers, and few executives are saying that President Obama’s jobs plan — while welcome — will change their minds any time soon … many employers … said they tended to hire more workers or expand when the economy improved.

Companies are focused on jittery consumer confidence … and above all, swings in demand for their products. “You still need to have the business need to hire,” said Jeffery Braverman, owner of Nutsonline. “Business demand is what drives hiring,” he said. The proposed payroll tax cuts for individuals should spur consumer spending and in turn, prompt companies to hire more people.

Chesapeake Energy, one of the biggest explorers of oil and gas in shale fields said it had 800 positions open, and had already received tax credits for hiring the long-term unemployed … Michael Kehs, vice president for strategic affairs and public relations, said the credit “does not drive our hiring.” Most of those jobs would be added, economists say, as workers spend the additional take-home pay that would result from a proposed payroll tax cut for employees. As consumers increase spending, that can prompt more hiring by retailers, washing machine makers, restaurants and more. 

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