Tuesday, February 26, 2013

Businesses need customers more than tax cuts

Sticking with Robert Reich, he points out that what businesses really need is customers. A big problem with that is that actual take home pay has been dropping for a long time now. When you combine that with the so-called fiscal conservative's insistence that government cut back and spend less the numerous businesses that count government at all levels among their customers then there is even less ability to hire. One thing that Reich doesn't mention is the secondary effect of businesses that these businesses would buy things from and that the people they have fired or not been able to hire would buy things from or hire for services. It's the real trickle along economy.