Republicans claim that taking money from the poor and giving it to the rich creates jobs. This is a bald-faced lie. Bush did this in spades and created massive unemployment. Reagan tried it and it did not work. If you think about it, it is obvious why this does not work. When poor people have money, they spend it on groceries, clothes, entertainment, furniture, electronics etc. This automatically creates jobs since it requires people to manufacture, ship and sell these goods. Rich people do these things too, but they also do things with their money that don’t create any jobs such as store it in an offshore bank, invest it in gold, buy paintings and antiques, speculate on the stock market, speculate in real estate, buy foreign luxury goods, take foreign holidays, invest overseas…
~ Roedy (born: 1948-02-04 age: 64)