This can't be said enough because it seems there are still people so dense they don't understand Economics 101:
In order for a business to hire someone new, two conditions have to be met: the business must have the capital to hire and it must have a reason to hire. Giving businesses more money only takes care of the first condition; it does nothing for the second. If a business has extra money sitting around, but consumer demand isn't growing, what is the incentive to hire? Will it hire unneeded extra help and hope that customers flow in to follow?
Consumers, on the other hand, can get an economy moving. If more people spend money on more goods and services, the businesses providing them will not only see more money coming their way, but more demand as well. When businesses see so much demand and activity that the current employees can't keep up, they will see fit to hire. With that extra customer demand, the capital needed for hiring is sure to follow.
Imagine any business owner, be it a small town restaurant owner or a Ford executive, sitting by an adding machine, seeing that his employees are perfectly capable of handling the existing workload. What rational human would decide to hire more employees in that situation? Why would Ford step up production if customers are barely buying its current output? A real solution to the jobs problem has to bolster the consumer class, because they create that extra workload that necessitates new employees.
It's no wonder the economy always goes in the crapper when Republicans get control. Their voters have zero clue how economics works, so they are easily taken in by the "just give rich people another tax break" scam.
I have two examples that even HAL board pukes should be able to understand:
1) What happens in the game of Monopoly when one player has all the money and property? That's right, the game is over.
2) When does a guy who opens a new pizza restaurant hire a second and third delivery driver?
a) when the government lowers his taxes?
b) when orders for pizza get too large for one driver to make all the deliveries?
".But no real new jobs were created by corporations record profits,WHY?"
Because the consumer is tapped out. No consumer = no demand. No demand = no jobs. Simple stuff if you have a brain.
The BLS stats come from over 400 thousand businesses throughout the US and a reliable source. OBAMA has created millions of jobs and dropped the UNemployment from over 10% to 8%. The exact opposite of the Bush Reps did when they had their hand at the wheel.
Never let a drunk or a Rep handle the wheel.
OBAMA did more than any republican can remember by making jobs to replace the millions Bush lost. That's right...these jobs.
'shovel ready not so shovel ready....hahahhaha'
the commie in chief had all of congress and over two years to do that and DID NOTHING.....except obamacare and dodd-frank.
you're another 'useful idiot' for obama.