It is based on a false premise that if you give money to the wealthy people, then they will invest it to create more jobs in order to make more money.
The reality is that if you give money to the rich people, they just keep it. They don't need to create jobs to get richer.
This is one reason why giving tax breaks to the wealthy just makes them wealthier.
Moreover, the stock market is just a giant Ponzi scheme. It has no correlation to the condition of the "real" economy. In most cases, stock prices go up when companies eliminate jobs, which boosts next quarter's profits.
The Federal Reserve is "owned" by the banks, and enables their fraudulent schemes. Interest rates on deposits are kept low to supply "cheap" money to the rich with which to speculate.
The charts and graphs that are presented to the public to describe economic conditions don't explain anything, because they are based on the validity of supply-side, trickle-down economics.
Most economists speak nonsense. If they work for banks or corporations, their jobs depend on them defending the bankers and Wall Street frauds. If they are academics, their reputations depend on their towing the party line.
Most people vote against their economic self-interest because they haven't a clue about how economies works, and what they think they know is mostly nonsense.
You want to fix the economy? This is what you do. Raise taxes on the wealthy and spend that money on education, health care, mass transit, research and development, renewable energy resources, pollution reduction, and bring manufacturing jobs of consumer goods back to the U.S.
Replace the Federal Reserve with a true central bank, dump NAFTA and similar corporate promoted trade agreements, and re-implement the Glass-Steagall Act.
This is where you start. Economics is NOT rocket science. People cling to their misconceptions so they refuse to see what is really straight forward logic.
= new reply since forum marked as read
