Romney/Ryan Budget

Republicans need to explain just how the Romney/Ryan budget plan will help the recovery.  For the past 13 years, the Republicans have made the claim that lower taxes and fewer regulations would act to induce the “job creators” to create more jobs for middle class Americans.   However, the actual economic facts over the past 13 years contradict these claims.  One result of fewer regulations has been the banking crisis that required taxpayer bailouts.  Another result of fewer regulations has been widespread foreclosures that resulted in many middle class families losing their homes and that also resulted in a decline of over 40% in family wealth for those families whose major asset was their residential property.  While the tax cuts helped approximately 10% of Americans increase their spendable income and increase their wealth, 90% of Americans did not benefit and over 8 million Americans found themselves out of work when the “job creators” either closed businesses, eliminated jobs, or moved operations off shore.  Recently, in the same article that noted that Meg Whitman, the “job creating” CEO of Hewlett Packard would receive $16 million in income for 2012, the company was planning to layoff over 27,000 employees.  At last check, layoff is not job creation but job destruction.  So, in light of historical facts contradicting the Republican claims, here is a challenge to anyone from the right who reads posts on this site...SPECIFICALLY, show how the Romney/Ryan tax plan will benefit the economy and back up any claims with evidence to prove your assertions.