Job-creation claim doesn’t pass test
I, like a lot of folks, question the Free Press editorial page that continues to hark the 2001 tax break for the wealthy that the editor (GOP) continues to say has created jobs and keeping the tax break will continue to create jobs.
Remember all the editorials that said give the tax break and the rich will invest the money and jobs, jobs will be created?
The trouble is the record doesn’t bear out the claim.
Bureau of Labor Statistics data show that net jobs (jobs created vs. jobs lost) by month from 2001 through January 2009 were 118,250! Now compare this to the President Bill Clinton period for jobs created under his eight-year watch, and you will find that there were 2,458,400 net jobs created before the 2001 tax giveaway to the rich.