Thom Hartmann: ‘The Job Creators Are the People on Welfare’
Sometimes, it can be heartwarming to listen to the radio and hear the sound of the Seventies. That's not true for the Thom Hartmann radio show. On Friday, Hartmann parlayed some classic 1971 socialist economics about who should get credit for the economic recovery: The job creators are the people on welfare. The job creators are the people who are on unemployment. They’re the people who are working. Because what creates jobs is when people take money out of their pocket and buy something . And when enough people buy enough things that creates demand in the economy and somebody’s got to make the stuff that’s being bought and in order to make that stuff they have to hire people who can make it for less than it costs to sell it so that they can make a profit on that. It’s a very very simple concept. It's not so nice to hear a scratchy little record from John Maynard Keynes and the Pump-Primers. Hartmann chided a liberal caller on
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on June 22, 2011. Filed under