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Stephen Moore Makes Excuses For Corporations' Race To The Bottom On Wages

Fox's Stephen Moore once again making excuses for the one percent.
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From this Friday's Your World with Neil Cavuto, during a segment fearmongering once again that the United States is going to turn into Greece because we've got cities across the country that are going bankrupt, The Heritage Foundation's Stephen Moore does his best to make excuses for business executives refusing to share the wealth with their employees.

BUTTNER: Jessica, isn't that what it comes down to? I mean, there's a lot of differences between us and Greece and our cities and Greece, but the bottom line is too much money going out, not enough coming in.

ERLICH: Well I think there's more money that needs to be circulating and that there is money that that is out in the coffers of various investment banks and investments that are out there, but it's not being used and that companies are still holding onto the record profits that they've been setting and that money is not (crosstalk) … no, companies have record profits that they've been posting in the last several years and they have not been raising salaries so the money is not going from the savings in the coffers of these companies down to their employees and back into the cities and the economy through taxes and especially in these municipalities. So we're having this difficulty where we're seeing the economy improving and yet the middle class is still being hit and the individual, the American taxpayer isn't feeling much relief.

BUTTNER: It's the politicians Steve who are making these promises that we can't keep and they're not telling us. Now, you think it might be the corporations as Jessica is suggesting?

MOORE: Well, Jessica's right, the American companies are extremely profitable and they're sitting on a lot of cash and the reason they're doing that Brenda is because they're terrified of government and what the next shoe is going to drop. They've been through Obamacare tax increases on their profits and so on and they've been in a holding pattern because we have a White House that is very aggressively anti-business.

So Moore wants us to blame President Obama and fear of that big bad federal gubmit for this:


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He also wants us to raid the pension funds of all of the teachers and public employees in those cities, because you can never have enough of a race to the bottom to suit Moore and his ilk.

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