After reading "JPMorgan slashing as many as 19,000 jobs" [News, Feb. 27], I believe we can lay to rest the phony theory of supply-side economics creating jobs via the tax cut. Profits were up for the last three years at JPMorgan, but the bean counters forecast a loss, and so come the job cuts.

Add in Northrop Grumman winning tax breaks and utility bill reductions for the E-2D Hawkeye surveillance plane; in turn, it promised to keep jobs on Long Island ["Move costs Grumman NY aid," News, March 8]. The company went back on its word and will take 850 jobs to Florida and California.

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Rich and wealthy corporations do not correlate to people getting richer and wealthier. When will the sheep in this country understand?

Ed Miglino, Copiague