29. "companies invested their money in stock buybacks." In response to In response to 5
which is why you have corporations with record profits...no federal tax payout...and still significant layoffs.
supply side growth (trickle down) doesnt stimulate the economy. the economy is stimulated by consumer spending which spurs increased demand/hiring.
thats why tax cuts for the middle class have historically been more effective (like obama did) than tax cuts for the wealthy who just hoard the money and get wealthier.