Fox News Heads Explode after Hillary Declare's: "Don't let anyone tell you that corporations and businesses create jobs!!!"

Hillary Clinton attacked the most popular GOP lie; businesses are job creators.

Demand creates jobs. Simple? It should, be but isn't.

Clinton is hell bent on hammering a stake through the heart of the supply side argument, that it has ever actually worked.

Check out what Fox News described as a gift wrapped gotcha, "Clinton’s comment will likely be used frequently to attack her as another big-government Democrat." Confident idiots.

...it's just that they didn't create the 250,000 jobs they promised.
Is Scott Walker a sucker or what?  

At a Democratic rally Friday in Massachusetts, Hillary Clinton’s attempt to attack “trickle-down economics,” resulted in a spectacularly odd statement, according to The Washington Free Beacon. Clinton defended raising the minimum wage saying “Don’t let anybody tell you that raising the minimum wage will kill jobs, they always say that.” 

She went on to state that businesses and corporations are not the job creators of America. “Don’t let anybody tell you that it’s corporations and businesses that create jobs,” the former Secretary of State said. 

Wisconsin now 33 in Private Sector Job Growth, thanks to normal economic expansion.

See, just give it a little time…2 or three years. Scott Walker is essentially feeding off the Obama administration’s attempt to spur economic growth, with absolutely no help from the “jobs, jobs, jobs” Republican social engineers, who haven’t said “job creators” in a year or so.

I imagine we'll be asked to continue to wait 2 or 3 more years, surprisingly, in a state that has basically "given the store away" to business. We should be thriving if you believe satisfied CEO's. 

Since there are no impediments for business in Wisconsin anymore, we're the Midwest's trailer park for freeloading business squatters. 

Walker is benefiting from normal growth. Thanks to his job killing attack on wages and benefits, he's only stunted consumer spending in the state. And with Walker's horrible treatment of ideologically blackballed industries, the nations businesses considering their other choices now. 

According to Rep. Peter Barca, who combined the two years average...

New federal figures released today show Wisconsin is 38th in the nation in overall job creation since Gov. Walker took office, including dead last in the Midwest. These figures cover the two-year period from December 2010 to December 2012 and come from the Quarterly Census of Employment and Wages (QCEW).

So here are the numbers. Comparisons to our neighboring states will come:

jsonline: Wisconsin grew private-sector jobs at a rate of 1.4% in 2012 … still lags the

See State Unemployment map here for details

equivalent national rate of 2.3% … does not represent a major change in its rate of private-sector job creation, which was 1.5% in 2010 and 1.3% in 2011.

(The) ranking it 33rd of the 50 states in private-sector job growth for the year … That's an improvement on the state's ranking of 44^th. 

Thursday's data indicated that Wisconsin gained 62,082 private-sector jobs during those two years — 29,800 in 2011 and 32,282 in 2012. Overall, including government as well as private-sector jobs, Wisconsin added 31,902 new non-farm jobs last year. That ranked the state 31st out of 50 for combined public- and private-sector job growth in 2012. 

JP Morgan wakes up to “consumer demand,” while Republican raise taxes on poor and middle class.

First, a few important points that should get JP Morgan’s attention:

Decreasing the Earned Income Tax Credit and Homestead Tax Credit took money right out of the pockets of those who were most likely to spend it.

Decreasing Medicare’s growth increases the out-of-pocket costs for seniors, taking a little more money out of the local economy.

Republicans continue to talk about increasing out-of-pocket costs for health care so the sick have some “skin in the game.”

Republicans want to reduce unemployment compensation periods.

 JP Morgan had an epiphany. They realized something every Democrat has been saying all along; increase wages, don’t cut our safety nets and consumer demand drives the economy and creates jobs.

USA Today: Wall Street will soon find out how many Americans really are living paycheck-to-paycheck.

Most Americans will still get smaller paychecks this year due to higher taxes … lawmakers … let the 2-percentage-point payroll tax holiday expire on Dec. 31, which will take roughly $120 billion out of workers pockets this year.

Less disposable income could pinch consumer spending, and possibly drag down stock prices of companies that depend on consumers, such as retailers, warns David Kelly, chief global strategist at JPMorgan Funds, in a note, "Stress-Testing the American Consumer.""A key question," Kelly says, "is how many households truly live paycheck-to-paycheck in this country?" Put another way: How many people will cut back on spending now that higher taxes have trimmed their pay?

Believing his own press, Billionaire Steve Wynn thinks he's a Job Creator, not Consumers.

Consumer demand is over 65 percent of the economy. For the billionaire...I mean "job creator" class, they think they did it all. Talk about believing your own BS propaganda.

RealClearPolitics: On the Tuesday broadcast of the nightly Nevada political program "Ralston Reports," Steve Wynn, CEO of Wynn Resorts sat down with host Jon Ralston to discuss the presidential election.

Here's what we can expect when these guys take over:

Billionaire Steve Wynn: I've created about 250,000 direct and indirect jobs according to the state of Nevada's measurement. If the number is 250,000, that's exactly 250,000 more than this president, who I'll be damned if I want to have him lecture me about small business and jobs. I'm a job creator.

Guys like me are job creators and we don't like having a bulls-eye painted on our back.

The president is trying to put himself between me and my employees. By class warfare, by deprecating and calling a group that makes money 'billionaires and millionaires who don't pay their share.' I gave 120% of my salary and bonus away last year to charities, as I do most years. I can't stand the idea of being demagogued, that is put down by a president who has never created any jobs and who doesn't even understand how the economy works.

This is one of the most arrogant, fantasy based rants I've heard to date. When Wynn compares his job creation record with Obama's, you just want to laugh at the fool. First time business people start off as having not created any jobs, should they just give up? No, they wait until demand requires more product, and then as a last resort, hire employees. Wynn is not only filled with himself, he's also got an ample supply of BS thrown in.



Wynn even repeats the disproved "Obama gave money to Brazil for drilling" lie. Rich doesn't mean smart.

Ripon's Alliance Laundry adds 270 new jobs, thanks demand, not Walker's streamline regulations or elimination of frivolous lawsuits.

The government doesn’t create jobs? Wrong.

fdlreporter: Almost 300 new jobs are on their way to Ripon, as the result of a manufacturing expansion aided by state tax credits and county loans.

That sounds very much like government did play a huge role in job creation...in the private sector of all places.

Alliance Laundry Systems expansion will be assisted by $1.5 million in tax credits from the Wisconsin Economic Development Corporation and a $500,000 performance-based loan from the Fond du Lac County Economic Development Corporation’s revolving loan fund.

Gov. Scott Walker attributed lowering the tax burden on manufacturers, streamlining the regulatory process and eliminating “frivolous and out of control lawsuits in the state for manufacturers” to the high level of confidence in this year’s survey.

Really, that's your final answer? Sadly, not everyone is reading from the same script:

Michael Schoeb, president and CEO of Alliance Laundry, said the expansion “absolutely” would not have been possible without the assistance of the state and local government, and it would not have been a wise decision for the company to move forward without those tax credits and loans.

Thank god Walker streamlined regulation, frivolous lawsuits and lowered the business tax burden…no, that wasn't it...consumer DEMAND?

Schoeb said the company is investing in expansion now because it has confidence in the demand for the products that will be made in the new facility. 

Hourly Wages Fell Again, Reducing Demand, Slowing Job Creation.

The latest jobs report is deceptive. Sure it’s the same old stuff; unemployment is down because workers gave up looking (8.3 to 8.1), job creation is slow (96,000) and industrial futures fell, before they regained their lost yields. Yawn.

But it’s what came after the above standard AP rhetoric that tells the real story:

Hourly pay fell, manufacturers cut the most jobs in two years and the number of people in the work force dropped to its lowest level in 31 years.

When pay falls, so does consumer spending. That in turn kills demand. Manufacturers are forced to cut jobs, which then produces the lowest number of people working in 31 years.

Nowhere in the Romney/Ryan plan do I see any mention of raising worker wages.

After the Great Recession, a new business model swept industry; keep full time employment down, but hire part-time workers only during times of high demand. That changed everything forever. In fact, it’s an employer’s market right now. They’re in the driver’s seat, with an oversupply of desperate workers to choose from, and that drags wages down.

This isn’t Obama’s fault, but the fault of small government Republicans who don’t want to see a national plan for manufacturing. But there is good news...

The report marks the 30th straight month of private-sector job gains. Jim O'Sullivan, chief U.S. economist at High Frequency Economics, noted that hiring has improved slightly in the past two months. Job gains averaged 119,000 in July and August, up from an average monthly gain of 67,000 in the April-June quarter. "There's no sign of momentum fading," he said. "That said, it's not much better. ... What you're left with is an economy that's still growing, but pretty modestly."

But getting back to the real problem, wages:

Figures suggest that companies are seeing less demand for their services and need fewer workers.

Time to Raise the Minimum Wage to $9.80, since the Cost of Living is reducing current wage to $6. 77.

As our economy adds more and more low wage service industry jobs, it would make sense to protect the American living standard by adjusting the minimum wage. Since consumer demand is the driving force in job creation, giving consumers money to spend is the only way to stimulate the economy.

Funny thing though, that whole concept is not part of any Republican plan to create jobs. 

From Wisconsin Jobs Now, via Economic Policy Institute:

Just this week the Economic Policy Institute released a report on the minimum wage and what effects raising the wage would have for workers and for the economy. Coincidentally, on March 29, Sen. Tom Harkin (D-Iowa) introduced the Rebuild America Act, which includes an increase in the federal minimum wage from the current $7.25 (where it has been for three years) to $9.80. 

Wisconsin defines a living wage as “sufficient to enable the employee receiving the compensation to maintain himself or herself under conditions consistent with his or her welfare,” and defines welfare as “reasonable comfort, reasonable physical well-being, decency, and moral well-being.” 

In order to have reasonable comfort it would suggest that an individual should be able to house, feed, and upkeep their family’s health – which is becoming increasingly impossible given the diminishing purchasing power of $7.25 (it’s fallen to $6.77 since put in place 3 years ago). 

 WKOW had this:

Busting the Myth Around Job Creation and Tax Rates.

Do tax rates influence job creation? Of course not, but I'll bet most American probably think so if they're buying the sell job by our sold out press.

Lawrence O'Donnell uncovers the truth from Washington Post reporter Ezra Klein and venture capitalist Nick Hanauer.

Manufacturers Whine, Whine, Whine. Politics is hurting business, and not Austerity or DEMAND?

Manufacturers are whining about the political environment and the uncertainty around the well-defined benefits of the Affordable Care Act and a return to Clinton level taxes.

Really, that’s why demand is low? In the article below, Manufacturers continue blame “someone else” for the austerity agenda that has taken money out of the pocketbooks of small businesses and consumers. Demand. Simple.

But the article itself even lists the actual reasons for the slowdown, and not the spin;

jsonline: Economic shocks from the rest of the nation and overseas … Higher energy prices also produce an "automatic drag" on the economy … economic growth is weakening amid the recession in Europe and a slowdown in Asia … economic uncertainty - and in some cases the drought - have taken a toll on manufacturers. "We have seen dealers in our industry close their doors as a result of the dry weather," said Dan Ariens, president of Ariens Co.!

Even the Financial Times report on China's slowdown destroys the idea it has anything to do with
U.S. politics:

China’s manufacturing sector deteriorated slightly in July, confounding expectations for a recovery as the government steps up support for the weakening economy.

But instead of the above actual reason’s for the economic slowdown, all logical, big business is playing up the political angle and the free market "uncertainty."

Manufacturing slows amid political uncertainties: Manufacturing in southeastern Wisconsin and northern Illinois shrank in July for the first time in three years, with orders from the United States, Europe and China dropping as business seems almost paralyzed until the fall election is over and economic policies are addressed.

Economic policies aren’t being addressed because Republicans are refusing to include tax increases with spending cuts. But it’s not the reason for a slowdown in business.

That's according to data from a monthly survey of manufacturers released Tuesday by Marquette University and the local chapter of the Institute for Supply Management. "We are distracted by a very uncertain political environment," said Doug Fisher, director of the Center for Supply Chain Management in Marquette University's College of Business Administration. "Whether it's health care or tax law, people just don't know what to expect." Doug Fisher, director of the Center for Supply Chain Management  said. "Companies want to know more if they're going to make investments." 

They can't make "investments" if they don't have demand and a reason to expand. Let's start making sense.

Best Buy, worried about losing sales to online retailers, thinks cutting more sales people a good idea.

To show how out of touch Best Buy management is, they’re about to make their stores even more of a nightmare than they were before. 

Anyone go to Best Buy and either never find a salesperson, or wait endlessly for one to free themselves from the customer that wouldn’t leave?

Best Buy now thinks that that wasn’t bad enough. This is what happens when, after a Great Recession takes out the competition, consumers are at the mercy of lousy management.  

Yahoo News: Electronics retailer Best Buy is laying off 600 staffers in its Geek Squad technical support division and 1,800 other store workers, totaling about 1.4 percent of its 167,000 employees. Best Buy is cutting costs and restructuring as it tries to combat the "showrooming" of its stores, as consumers test out products at its stores but go home and buy them cheaper online or at discounters. The company is trying to trim $800 million in costs. Interim CEO Mike Mikan has vowed that the retailer is committed to fundamentally changing operations to improve results.

 Sadly, those salespeople who really knew their stuff, and made Best Buy a competitor, are the ones on the losing end of CEO Mike Mikan's  "blame someone else" management style.  

Kleefisch: "You have to walk before you run, and that's what we've been doing." Billionaire Nick Hanauer would disagree.

OMG, pinch me I must be dreaming:

Rebecca Kleefisch: "You don't recover from such a deep economic recession immediately. It takes awhile to turn around the ship..."

Was she standing up for Barack Obama's slow economic recovery, correcting those in her party who have been excessively critical of the president? No, she was defending her own administrations complete failure to produce jobs at the same rate as other states.  From Here and Now:



Besides blaming the 150,000 job losses in the last three years on Democratic Gov. Jim Doyle, instead of the Great Recession, Kleefisch then flips that around unconsciously and blames Obama's slow federal jobs plan for her own failures. No wonder low information voters try to keep it simple, who can keep up with these double talking con artists.

Look at the expression on Becky's face when she says,

"you have to walk before you run, and that's what we've been doing, we've been walking..." 

She looks like a condescending little three year old making it simple for the confused, common folk like you and me. Yes, we get what you're saying...but even better, her after election win:

Kleefisch: "After this recall election is over, we're gearing up to run, because 87 percent of our job creators statewide say they are poised to create jobs in 2012." 

How dumb is that? Think about it; business owners are going to hire employees because Walker won the recall election, not because consumers are buying their products or services. That's why the state is screwed. They will continue to ignore people like billionaire venture capitalist Nick Hanauer. He calls it "middle out" economics. If what Hanauer says here doesn't make sense to you, then heaven help us all:

I have started or helped start, dozens of businesses and initially hired lots of people. But if no one could have afforded to buy what we had to sell, my businesses would all have failed and all those jobs would have evaporated. That's why I can say with confidence that rich people don't create jobs, nor do businesses, large or small. What does lead to more employment is a "circle of life" like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me. 

Anyone who's ever run a business knows that hiring more people is a capitalists course of last resort, something we do only when increasing customer demand requires it.  In this sense, calling ourselves job creators isn't just inaccurate, it's disingenuous.

That's why our current policies are so upside down. When you have a tax system in which most of the exemptions and the lowest rates benefit the richest, all in the name of job creation, all that happens is that the rich get richer.

Extra: I found this big "oops" in one conservatives criticism, and thought you'd like to see it:

Forbes: TED curator Chris Anderson went to his blog to explain why Hanauer’s talk wasn’t picked: “…it framed the issue in a way that was explicitly partisan. And it included a number of arguments that were unconvincing … The audience at TED who heard it live (and who are often accused of being overly enthusiastic about left-leaning ideas) gave it, on average, mediocre ratings.

But how could that be true if the concluding paragraph to this withering criticism is just the opposite?

Hanauer defended himself in an email to Business Insider, saying that he “got a sensational reaction to the talk at the conference itself, including a big standing ovation.” Maybe so, but I can tell you, having been to a few TED's, that those people clap at almost anything.

Oops, about that "mediocre ratings" thing.

Republicans want you to think just the opposite of the truth, consumers are the job creators-Nick Hanauer

Lawrence O'Donnell feature an interview with Nick Hanauer, one of the founding investors of Amazon, who said what I've been saying for years; consumers are the real job creators. 

Go figure. Because it's opposite day, every day in Republican world, when they say the wealthy are the job creators, they mean the opposite. It's mind boggling to think that if Republicans do win control in November, they will run the countries economic engine in reverse. Maybe we deserve it.

Back in March at the TED (Technology, Entertainment and Design) Conference in Long Beach, California attendees heard something wonktastically different. Nick Hanauer gave an eyebrow-raising talk that casts quite a bit of doubt on Mitt Romney's biggest campaign asset... that the rich are super-awesome at creating jobs. Watch Hanauer's remarks in the clip. 

Here's O'Donnell's interview:

Businesses holding off until Walker wins Recall? Inflated self-image or Delusional?

Like most Republicans, Scott Walker thinks businesses will start hiring workers even without consumer demand. Ditto for stagnant wages that suppress spending. Jobs are just created out of whole cloth by the...

..."job creators." "Job creators" is a focus group tested term that directly replaces the word "wealthy, rich or fat cats." It takes their viscerally negative image, and turns them into middle class heroes. Not bad huh?  

Why Democrats aren't driving this point home in every interview, pundit panel and town hall is a mystery to me. Come on Democrats, this is an easy one. The jsonline reported today:

Wisconsin is the only state that had "statistically significant" job losses over the most recent 12-month period, according to the U.S. Bureau of Labor Statistics. From March 2011 to March 2012, Wisconsin lost 23,900 jobs. That was the largest decrease in percentage terms in the country. Those job losses came from both the public and private sector, but the public sector job losses (17,800) were larger than the private-sector job losses (6,100).

Watch Scott Walker replace "wealthy" with "job creators" in the short Newsmax interview below. You're job? Change it back.

Embattled Wisconsin Gov. Scott Walker told Newsmax: “I firmly believe you’re going to see a dramatic takeoff after June 5th, because businesses feel like we’re headed in the right direction … I think the big thing that people are waiting for is to have the certainty of knowing that this sort of positive outlook for job creators is going to continue. That’s why I think that after June 5th, after these primaries are done, and when I and the lieutenant governor and these senators prevail, I think it means there will be a clear message to the job creators and the small businesses in the state that now is the time to add jobs. And I think they will.”

Walker even made the mistake of separating "job creators" from "small businesses" out of habit, even though they're supposedly, one and the same. After last summers recall elections, how did that work out for jobs? Oh, we lost jobs 5 months in a row.

The idea that businesses will actually make important costly decisions based on a governor's term in office is one of the more absurd ideas yet.

Consumer Demand Lousy, Slowing Economy, not Regulation or Taxes.

It's DEMAND Stupid!!!

From the Progress League

Walker loses Another 81 workers due to “uncertaintly,” in…Europe?

My god, I thought the “job creators” were going to flock to Wisconsin and hire a whole bunch of people to make products no one can afford to buy right now. But oh no, more job losses:

jsonline: GE Healthcare Ltd. is reducing its workforce at its Milwaukee and Waukesha facilities by nearly 1.5% or almost 100 (81 actual) positions … In response to questions, a GE spokesman said notifications were sent out on Friday and that GE is reducing staff in response to the economic uncertainty in the U.S. and Europe.

No matter how you coddle the “job creators,” they don’t seem to give a rats ass anyway.

I am so tired of hearing “job creators” and “uncertainty,” my head is about to explode.  It’s all marketing. Reality has been dumped for bullshit. But since consumers are the job creators, and the wealthy don’t automatically get even more tax cuts if we told the truth, never mind. 

Think about it. Why hasn’t one Republican asked to see a little job creation first, before we dive head long into giving out more wealthfare. We're being played, and we're not going to take it anymore.

Two thirds of the economy is driven by Consumers!! The Middle Class are the Job Creators.

I've been saying all along that consumers are the job creators, here, and here. The ridiculous talking point that million/billionaires are job creators, our supposed "royalty elite ," bestowing employment on a cowering American public begging for a paycheck, is completely wrong.

This is from the Ed Schultz' radio show, heard locally on 92.1 the Mic, of Dennis from Kansas City: