For more than 10 years, large corporations have enjoyed the Bush tax cuts. Historically low taxes on profitable corporations are supported by people who believe these corporations are the job creators that will put their huge tax savings into getting more Americans back to work.
Safeway, the second largest grocery chain in North America, is putting in self-service checkout counters. Hawaiian Airlines is putting in self-service check-in kiosks. Campbell Soup and General Electric have both opened state-of-the-art facilities in China this year. These all have one thing in common - they eliminate American jobs to reduce labor costs.
It is completely understandable that large American corporations want to cut labor costs to increase their profits. But to have given them very low taxes for more than 10 years, thinking they would use that money to crease American jobs has proved to be a joke, and the joke is on the American taxpayer.