In January of 2008 there were 6.6 million more payroll jobs than there are now, and 5.5 million more than at the peak of the 90s boom. I take it that all of those jobs were war-related or housing construction? Liberals have to wipe out that 6.6 million somehow, but so far they haven’t done a very good job of it. I did spend a lot of time listening back then about how those jobs were somehow all “bad” jobs. Bet a lot of people wouldn’t mind seeing a few million of those “bad” jobs come back.

Do you remember August of 2010, when the debate was about extending the Bush tax cuts? We were told that the “cost” to the government of extending all of them would be about $3.8 trillion over the next ten years. We were also told that the “cost” of extending the tax cuts for the rich would be $700 billion over the next ten years (New York Times) Liberals are good at suppressing uncomfortable information, but the rest of us can do the math on who walked off with most of the benefits of the tax cuts. Now you can tell me that the middle class dumped all that money into hedge funds.

Not sure what “no one was paying for anything” means. If it means people were overusing credit, you might be right. Now the bright idea is to have the government print or borrow us into yearly trillion dollar deficits and pass the money out to pay for things. Of course, this does not come under “overusing credit.”

The Left in this country is just starting to realize that they’re talking mostly to themselves. The rest of us are just waiting it out.

Corporate and personal tax cuts are either hoarded or invested in speculation. They are not used to increase production.

Well, what did we see after the Bush Tax Cuts? Hedge funds, speculative investment with the surplus monies. When they collapsed, Obama had to prevent them from collapsing.

Are we seeing jobs? Of course not. Was employment good during the Bush years? Of course, “liar’s loans” drove construction, wars drove employment, and no one was paying for anything.

And it collapsed into Obama’s lap.

As the middle class is killed off in this class warfare there will be less and less spending, and a poorer economy.

And funnelling money to the wealthy does not create jobs. We’ve seen that in spades.

Private investment isn’t necessary? And basically the ideal system is a middle class spending money on products and the government doing the investing?

See if you can find the hole here. It shouldn’t be hard.

For the record, net investment as a percentage of GDP drops in all nations as they advance from basic agrarian systems into high-tech.

P.S. I want to see some sources on those numbers. Particularly “investment” levels in 2000.