Jim Hightower: America's Real Job Creators Are Broke

[marmar]

Published on Monday, August 8, 2011 by OtherWords

America's Real Job Creators Are Broke
Despite the GOP's ideological claptrap about corporate executives being "job creators," it's ordinary Americans who actually create jobs.

by Jim Hightower


As narrators used to say in Western movies: "Meanwhile, back at the ranch..."

Our policymakers in Washington have totally lost sight of what's happening at the ranch. John Boehner's GOP-controlled House and Barack Obama's White House have agreed to slash trillions of dollars from the federal budget, as though that's America's most important need.

Bovine excrement! If they'd lift their vision to the countryside, even they could figure out that our great economic urgency is for the creation of good, middle-class jobs to get America moving again — moving upward and moving together.

Today, we are a dangerously disunited society. Elite CEOs and big investors are grabbing all the gains, leaving the vast majority mired in recession and facing falling incomes. Since the recession technically "ended" 18 months ago, corporate profits have zoomed, sopping up an unprecedented 88 percent of America's economic growth. Meanwhile, only one percent of the growth that we all help produce has gone to wages and salaries, the primary sources of income for 90 percent of us. ...........(more)

The complete piece is at: http://www.commondreams.org/view/2011/08/08

[The_Casual_Observer]

1. In the past the real job creators in LA were the government

contractors. They built stuff & employed a broad spectrum of the population. Those places subcontracted with smaller places & so on.

For the most part that's gone now & replaced with at best warehouse jobs that store & move chinese goods around.

[Waiting For Everyman]

2. It's not just demand-side, ordinary Americans are the true entrepreneurs too.

New businesses start by somebody going self-employed, and then hiring people down the road. Most come from middle class people who have something over and above their needs to invest in themselves.

That's simply observable fact.

[young_at_heart]

3. More and more like Rome

Just take a look at the multimillion dollar yachts the CEO's like to show off to the rest of us.