Wednesday, December 15, 2010

Rich People

The idea that the personal income tax rate has anything to do with whether corporations sitting on tons of cash might hire people is about as logical as the Chewbacca Defense, but since Republicans keep saying it we must take the idea seriously.

But, for the record, what kind of awesome job creation did those Bush tax cuts give us?

Total nonfarm employment increased from 132,469,000 in January of 2001 to 133,549,000 in January 2009. Just over one million jobs in 8 years, or 11,250 per month.