Republicans are liars. They just want more tax cuts and to win elections. They are not interested in creating jobs. They even say it out loud. Mitch McConnell, minority leader of the Senate, said that his number one job is to make sure Obama is a one term President. he did not say that his number one job is to create jobs. That is because if the unemployment rate goes down, Obama will be elected to a second term. Therefore Mitch McConnell and the Republicans are out to reduce jobs by drastically cutting government spending while enriching the filthy rich by granting them even bigger tax cuts under the Paul Ryan plan, which has been endorsed by practically all Republicans in the House and Senate.
Their current lie is that cutting taxes for the rich will create jobs. In fact, cutting taxes will mean more spending cuts are needed, which will in turn means layoffs in the public sector and layoffs for companies doing work for the USA. That in turn means reduced consumer spending, which will in turn slow the economy down some more. The voters will then blame the President for the high unemployment rate, as they are doing now, and the Republicans will get their wish and send one of their own into the White House. It is an evil scheme and it just may work.
The truth is that cutting taxes will increase the amount of money available for investment. But businesses already are sitting on a lot of capital and they are not investing because consumer spending is depressed due to the high unemployment rate. Making more money available for investment will only mean that more money will go into speculating on gas, gold, copper, silver, and other commodities. All that it does is to drive up gas and food prices. That is what we are seeing now.