There is nothing here we don't know. But it is a story on Forbes and it's a message that needs to be hammered home every chance we get. The story is in response to a FedEx announcement that they plan to boost profitability by cutting back on worker's hours and achieving greater energy efficiency in their transport fleet. It is a simple message, corporations are not interested in creating jobs, there interested in making money. They only create jobs when they have to. And tax cuts for the wealthy are the absolute least effective way to stimulate job growth.
In response to their announcement FedEx stock is up 5% today.
FedEx is going to make money regardless of whether they cut back workers hours. FedEx could increase worker hours and make money, just not as much. There is nothing wrong with this, that's why they are in business, to make money, not to create jobs. But it is the reason tax cuts which allow wealthy corporations, or individuals to make more money do not translate into job growth. Yes if a corporation spends some of the money they make it may ultimately have some effect on jobs, but it is a minimal one, it's the trickle down effect.
Given Romney's newly re-recalibrated tax plan, this message must be hammered home. The idea that even if Romney's stated goal of directing tax breaks to that mythical beast of his, "the job creators" could be achieved, it would not lead to any more jobs being created. The only thing that leads to job creation is a demand for jobs. And the best way to create a demand for jobs is through direct stimulation, a jobs program, or directing money to source that must create jobs.