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Thursday Humor: Obama "Fixes" The Economy

Tyler Durden's picture





 

As the President loses his Millennial voting base, despite "fixing" Obamacare, his populist push for a raise to the minimum wage (who wouldn't want more money than 'market rates' for doing the same shit) and class-warfare-inspiring inequality speech may be his party's last best hope. However, in the meantime, if US citizens can tear themselves away from X-Factor for 30 seconds, the following clear concise chart shows how easy it is to create 140,000 jobs... Our question... why not raise the minimum wage to $100?


 

And in case you were unclear why this doesn't work... (as we discussed here and here):

The minimum wage sounds nice on the surface: workers earning $8 per hour would certainly be better off if they were earning $12 per hour instead. But economics professor Antony Davies explains that this view of the minimum wage overlooks an important detail: The minimum wage does not force employers to pay a particular wage to every worker; it forces employers to pay a particular wage to every worker they choose to keep. While the minimum wage may be well-intentioned public policy, it often huts the very workers most in need of our help.

 

 


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Thu, 12/05/2013 - 18:44 | Link to Comment Stoploss
Stoploss's picture

Fortunately, only thirteen more quarters to go!

Thu, 12/05/2013 - 18:52 | Link to Comment knukles
knukles's picture

I didn't break that economy all by myself.
If you don't like that economy, you still get to keep it.
If I knew anything about rality I'd fix it myself.
I never met him before I lived with him in Bostin  for 3 years.

 

Thu, 12/05/2013 - 19:03 | Link to Comment dryam
dryam's picture

Here's how all of this would turn out with the minimum wage hike.......

"If you like your minimum wage job, you can keep your minimum wage job."

 

But no worries, there would be an apology to all those who lost their jobs saying there was a misunderstanding with the statement above while and all would be well again.

Thu, 12/05/2013 - 19:03 | Link to Comment TruthInSunshine
TruthInSunshine's picture

-"Fortunately, only thirteen more quarters to go!"

 

And then Billary!

Yeah!

Thu, 12/05/2013 - 19:19 | Link to Comment The Alarmist
The Alarmist's picture

()

Thu, 12/05/2013 - 19:19 | Link to Comment Central Bankster
Central Bankster's picture

well yah if he just increases the minimum wage to $100 dollars, then thats like 1,000,000 new jobs and like 1 trillion boost to GDP.  So why dont we just do that?

Thu, 12/05/2013 - 19:28 | Link to Comment Rick Blaine
Rick Blaine's picture

Another Black Friday has passed, and still no one in D.C. has suggested my idea for boosting the economy...

Just officially move Black Friday to the first Friday of the year...

That way all those retailers would be "in the black" pretty much from the get go each year...

I'd bet dollars to donuts that that would give the economy quite a jolt.

 

(I can only hope Obama actually suggests this during one of his daily televised speeches.)

Thu, 12/05/2013 - 19:41 | Link to Comment The Alarmist
The Alarmist's picture

Uh, I hate to point this out, but after watching some of those "Black Friday" videos, I'm afraid we might be deemed to be racists if we continue to call that fine tradition "Black Friday."

Thu, 12/05/2013 - 20:06 | Link to Comment negative rates
negative rates's picture

Listen there's already only one person in each department, next i'll be checking out the store with a honda robot equipped with a scanner and bagger cause now we don't even the one. 

Thu, 12/05/2013 - 19:53 | Link to Comment Occident Mortal
Occident Mortal's picture

The minimum wage is not $7.25 the minimum wage is $0.00 always has been, always will be.

If you increase the legal "minimum wage" from $7.25 to $10.10 then 72% of workers will be moved from $7.25 to $10.10 and 28% of workers will be moved from $7.25 to $0.00 and the net change change in payroll is zero.

Thu, 12/05/2013 - 20:40 | Link to Comment aVileRat
aVileRat's picture

Well said.

Also, add in the structural effect that the 0's had no cross-trade skills yet beyond clerking/stocking/waiting. Therefore it only compounds the discontent. Shit, all this was tried in the 1970's when the min. wage was established & raised in europe. Look how that turned out.

 

Thu, 12/05/2013 - 19:17 | Link to Comment The Alarmist
The Alarmist's picture

"Increase the GDP by $32B"

Uh, sorry to ask a slightly inconvenient question, but from where did the $32B come?  It's kind of like saying, "I'm going to climb up on this chair, and then, while standing on it, I'm going to lift it up higher so I can climb up even higher on it again."

Thu, 12/05/2013 - 19:41 | Link to Comment knukles
knukles's picture

He pulled it out of his fact butt.

Thu, 12/05/2013 - 22:56 | Link to Comment TuesdayBen
TuesdayBen's picture

Uh, I believe that would best be spelled 'phact' butt.

Fri, 12/06/2013 - 00:33 | Link to Comment HoofHearted
HoofHearted's picture

Better than pulling it out of Moochelle's fat butt.

Fri, 12/06/2013 - 03:35 | Link to Comment Colonel Klink
Colonel Klink's picture

In Obama's mind, if he states it, it IS fact.  Who's to argue with the king of the USSA?

Fri, 12/06/2013 - 03:59 | Link to Comment MetalFillBoy
MetalFillBoy's picture

I may be wrong, but I think he assumes that the corporations will make $32B less in profit, as they have to now pay minimum wage earners $32B more.  He probably has the likes of McDonald, Burger King and Wendy's in mind when he talks about this. 

MFB

Thu, 12/05/2013 - 19:39 | Link to Comment max2205
max2205's picture

The minimum wage was meant for me as a kid to work at the car wash and not to get screwed...wtf...now its for fucking grown ups?  To provide a living for a wife and 3 kids....wtf happened?

Thu, 12/05/2013 - 19:51 | Link to Comment NemoDeNovo
NemoDeNovo's picture

#Obama

 

 

Yes I know this came looooong before him, but damn can't we clown around during the end of Rome once in a while.....

Thu, 12/05/2013 - 20:26 | Link to Comment mumbo_jumbo
mumbo_jumbo's picture

all the other jobs were shipped to china......this isn't rocket science, the writing has been on the wall for years now.,,,the USA is a minimum wage nation.

Thu, 12/05/2013 - 21:56 | Link to Comment rguptatx
rguptatx's picture

i make $100/hr already - so i demand the minimum wage be raised to $3000/hr! yeaaaaaaaaaaa - for every one of the acorn and ofa workers sakes - let them make $300/hr! let's see how ofa and acorn survive that! mofo community organizer - only knows how to stir shit - has no idea how the market-place works!

Thu, 12/05/2013 - 20:05 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

" You didn't fix that "

" Neither did I - so blame shifting happens."

I hope he is left with a loin cloth and a spear as pension benefits when all this is over.

Infomercials with Reggie Middleton as his next gig would be punishment enough.

That, or clearing brush with Dubya down on the ranch............ 

Thu, 12/05/2013 - 21:48 | Link to Comment lakecity55
lakecity55's picture

No, being eaten by a lion after he stuck it with the wrong end of the spear would be Justus.

Thu, 12/05/2013 - 19:00 | Link to Comment TruthInSunshine
TruthInSunshine's picture
Meet Joe Plumber/ Obama talks to Joe Plumber (FULL VIDEO)

Obama explains how awesome the ACA will be to Joe.

Thu, 12/05/2013 - 19:41 | Link to Comment booboo
booboo's picture

"Well uh we uh have to uh try it to see uh if it will work" a breathless Nancy Pelosi would exclaim.

Yes we can't

Thu, 12/05/2013 - 19:53 | Link to Comment RafterManFMJ
RafterManFMJ's picture

Oh, Obama, is there anything you cannot make better?

 

Fri, 12/06/2013 - 00:12 | Link to Comment venturen
venturen's picture

Sorry but the harm from obama will live on!

Fri, 12/06/2013 - 00:36 | Link to Comment Zymurguy
Zymurguy's picture

Saw this bumper sticker the other day:

"Elect A Clown, Expect A Circus"

Thu, 12/05/2013 - 18:47 | Link to Comment NoDebt
NoDebt's picture

OT, but since we're talking about the President..... MORE lies from the White House:

"The White House acknowledged Thursday that President Barack Obama lived briefly years ago with a Kenyan uncle previously targeted for deportation — after initially insisting there was no evidence they had ever met."

Yeah, the one they said was an of "upstanding moral character" at his DUI hearing.  Never met him.  Never heard of him.  Oh, sorry, I forgot that I lived with the guy in Kenya.

Now they're insisting the WH had no involvement in his battle to avoid deportation (which he won earlier this week, against all odds).  Tell me another one, Barry.  You fucking sociopathic liar.

Thu, 12/05/2013 - 18:59 | Link to Comment Anonymouse
Anonymouse's picture

Unfair.  You are comparing things they said on ENTIRELY different days.

You obviously are a racist....

Thu, 12/05/2013 - 19:03 | Link to Comment Richard Chesler
Richard Chesler's picture

To be fair to bath house barry, after so many lies the poor bastard can't tell the difference anymore...

 

Thu, 12/05/2013 - 19:20 | Link to Comment The Alarmist
The Alarmist's picture

To be fair to the Big O, the lies are the truth.

Thu, 12/05/2013 - 19:05 | Link to Comment TruthInSunshine
TruthInSunshine's picture

He forgot. It happens.

Thu, 12/05/2013 - 21:00 | Link to Comment NoDebt
NoDebt's picture

Not in this case.  They are claiming WH staffers NEVER ASKED THE PRESIDENT.  They simply referred to his books which make no mention of him before claiming the two had never met.  Yes, those books with "composite characters" like his girlfriend who apparently didn't exist.

I wasn't there.  I had nothing to do with it.  It's not my fault.  Nobody asked me.  Something something 'low level employees."

This shit is getting REALLY old.

Thu, 12/05/2013 - 21:47 | Link to Comment lakecity55
lakecity55's picture

The composite girlfriend was really a guy named "Reggie."

Thu, 12/05/2013 - 21:46 | Link to Comment taxpayer102
taxpayer102's picture

 

During Obama's 2008 campaign the East Africa Standard (eastandard.net) reported Kenyan government officials told relatives of Obama not to talk to the press.  Shortly after the story posted it was removed.   EA Standard's main web page has completely changed its format now and incorporated googlesyndication.com, amazon.com and youtube videos.

Thu, 12/05/2013 - 18:45 | Link to Comment TeamDepends
TeamDepends's picture

Fixes, as in "neuters".

Thu, 12/05/2013 - 18:57 | Link to Comment RSloane
RSloane's picture

This is more magical thinking. We magically create 160,000 jobs out of thin air if we raise the minimum wage. The only question I have left is did Obama tack his campaign onto the strikes today [as he did with OWS] or did he have a hand in leading them?

Edit: I'm in neutral territory with the fast food strike because I rarely eat in one. If we go out its to a restaurant, locally owned, with great service and good food.

Thu, 12/05/2013 - 19:58 | Link to Comment krispkritter
krispkritter's picture

Must have gotten the idea from his 'Magical Job Creator' Pelosi.

https://www.youtube.com/watch?v=WUAG3Fqz56s

(Pelosi on how unemployment creates jobs)

Thu, 12/05/2013 - 18:47 | Link to Comment Agent P
Agent P's picture

I count 12 briefcases, so someone's math is off.

Thu, 12/05/2013 - 18:46 | Link to Comment Rainman
Rainman's picture

Machines will work for nothing, will never bitch and moan like humans, and will never get pregnant.

Thu, 12/05/2013 - 18:56 | Link to Comment Spankrupt
Spankrupt's picture

Not entirely true. The cap ex creates depreciation expense for five years or useful life. The average useful life of an employee, maybe three years? Certainly don't have to pay beneifits, overtime and a holiday bonus.

Thu, 12/05/2013 - 19:01 | Link to Comment Uber Vandal
Uber Vandal's picture

How long before the snake finishes eating its tail?

 

Fri, 12/06/2013 - 03:38 | Link to Comment Colonel Klink
Colonel Klink's picture

All depends on how big the snake is.  In this case IT'S A BIG FUCKING SNAKE!

Thu, 12/05/2013 - 19:02 | Link to Comment kaiserhoff
kaiserhoff's picture

Yaz, remember the old Sci Fi stuff, where they made the delightful android seem like such an improvement to bitchy, smelly old wifey?  Political Correctness kills all great art;)

Thu, 12/05/2013 - 19:07 | Link to Comment knukles
knukles's picture

The way things be going, Ned Ludd's gonna be proved right and we'll be fighting the machines, thanks to folks like Barry.

(makes me feel better just saying it, I know, I know)

Thu, 12/05/2013 - 20:29 | Link to Comment mumbo_jumbo
mumbo_jumbo's picture

but more importantly, can not vote.

Thu, 12/05/2013 - 18:47 | Link to Comment IPA
IPA's picture

Recently argued with a co worker about this. He was convinced it will just lower business margins, which is OK because business make to much money anyway. He also wants to pay off everyone's mortgages with QE money... He is somewhat my boss so i had to change the subject. 

Thu, 12/05/2013 - 19:04 | Link to Comment knukles
knukles's picture

So tell the stupid fuck (don't tell him he's a stupid fuck, BTW) that to begin with he should raise YOUR salary to get in the swing of things in good faith that everybody else will do the same when they see this gratuitous display of Progressive logic and implementation, shaming the rest of the world to follow...
And...
He can begin the QE largesse by paying off your mortgage for you!

And after you've sweet talked him into doing those things, quit.

Fucking moron.

Oh, and you can show him my thoughts, if you'd like.

Thu, 12/05/2013 - 19:15 | Link to Comment nmewn
nmewn's picture

Why raise the minimum wage with "progressive" logic like this:

"Unemployment insurance, the economists tell us, return $2 for every $1 that is put out there for unemployment insurance," Speaker Nancy Pelosi said on the House floor."

...just lay everyone off!!!

Thu, 12/05/2013 - 19:25 | Link to Comment The Alarmist
The Alarmist's picture

Wow, that's great, since the figure she spouted two years ago was $1.71 of return per $1.00 of benefit ... Sounds like they are positioning themselves for next year's elections by telling us how much better they have made things.

Thu, 12/05/2013 - 19:27 | Link to Comment IPA
IPA's picture

I like your line of reasoning

Thu, 12/05/2013 - 19:08 | Link to Comment Miss Expectations
Miss Expectations's picture

Why didn't you ask for a raise?

Thu, 12/05/2013 - 18:52 | Link to Comment beavertails
beavertails's picture

Sex scandals at the white house were the good old days

Thu, 12/05/2013 - 18:53 | Link to Comment brewing
brewing's picture

carl has the deer in the headlights look on his face...

Thu, 12/05/2013 - 18:52 | Link to Comment Spankrupt
Spankrupt's picture

I thought Obama died today? Oh sorry, it was the other apartheid freedom fighter born in Africa.

When I hire I look for value. Value for value is indeed a fair exchange. I won't be told how much or how little to pay. I can infer the labor market quite nicely on my own. Thanks NYS,  Barry and every other faux economist out there.

Thu, 12/05/2013 - 18:54 | Link to Comment CheapBastard
CheapBastard's picture

FYI, Duck Dynasty is 'in.' X-Factor is old hat.

Thu, 12/05/2013 - 19:00 | Link to Comment NeedleDickTheBu...
NeedleDickTheBugFucker's picture

I thought the data and conclusion in the POTUS's slide was discredited long ago.  Me thinks Obama and his handlers got waivers from Econ 101.  I'm eagerly waiting for the next slide highlighting the benefits from reinstating wage & price controls. 

Thu, 12/05/2013 - 19:02 | Link to Comment ebworthen
ebworthen's picture

The FED is nothing but a minimum wage for banks.

Currently paying $85 Billion/month.

Nice work if you can get it.

Thu, 12/05/2013 - 19:06 | Link to Comment economessed
economessed's picture

Or just pay your people in cash, which for most employees is a 30% pay raise.  

In my mind, if low wage workers want more take-home pay, they should be lobbying the government to get out of their lives (rather than becoming more dependent), scale the government down to size, and be taxed less.

The market forces of a truly free market is not the problem, .gov (and everyone in it) is the problem.

Thu, 12/05/2013 - 19:07 | Link to Comment Yen Cross
Yen Cross's picture

  Obama is like a 10 year old kid that found an AMEX black card on the floor at Toys"R"Us, then scribbled a little note from the card holder giving himself authority to use it.

  He then procedes to buy every fucking toy in the store without reading the intended use or gender the toy was designed for.

 Upon delivery of his shit he procedes to open everything and find one or two toys out of thousands that he likes, and then proclaims his shopping trip a resounding success!

  This guy might actually be able to send the country back to the stone age in 3 years!

Thu, 12/05/2013 - 19:06 | Link to Comment debtor of last ...
debtor of last resort's picture

Obamacare sounds like some socialist swimming in a Venezuelan pool filled with polonium 210.

Thu, 12/05/2013 - 19:14 | Link to Comment Crabshacker
Crabshacker's picture

As a small business owner, I"M not making min. wage in this ObamaCONomy...MOther fucker P.O.t.u.S

Thu, 12/05/2013 - 19:26 | Link to Comment vegas
vegas's picture

President Chalky Chavez Gobbels again reiterates NO ENEMY PLANES ARE DROPPING BOMBS ON GERMANY. Got it? Everythings fixed, so relax and get free condoms on your new triple priced health plan.

 

http://vegasxau.blogspot.com

Thu, 12/05/2013 - 23:23 | Link to Comment TuesdayBen
TuesdayBen's picture

I am Baghdad Barry, and I triple guarantee you my Obamacare, which Joe correctly noted 'is a big fucking deal' will be bigger and better than the New Deal, and you all will one day trek to my presidential museum to worship me.

Thu, 12/05/2013 - 19:36 | Link to Comment pragmatic hobo
pragmatic hobo's picture

obama is economics illiterate ... goes to show you, just because you get in harvard does not mean you get out with harvard education ...

Thu, 12/05/2013 - 20:10 | Link to Comment are we there yet
are we there yet's picture

No one at Harvard seems to remember Obama. Tall black kids at Harvard apairently do not stand out.

Thu, 12/05/2013 - 21:40 | Link to Comment lakecity55
lakecity55's picture

haha, he was really attending Patrice Lumumba University in good ole Moscow.

Thu, 12/05/2013 - 21:38 | Link to Comment lakecity55
lakecity55's picture

Hitler was also an economic illeterate, but he made a great Dictator!

Thu, 12/05/2013 - 22:13 | Link to Comment PrintemDano
PrintemDano's picture

Obama's an economic illiterate and he's  a great Dicktaster.

Thu, 12/05/2013 - 19:51 | Link to Comment tnquake
tnquake's picture

Barry and his buddies can buy 32 billion stones and break a few windows? The glass and window industry can lead the us to the "promised" land!

Thu, 12/05/2013 - 19:53 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

Would that the ire at the admittedly misguided suggestion of raising the minimum wage to help the poorest among us, and potency and vigor of arguments raised against, be equally tapped when the force of law is applied to help the .01%

Oh that's right - that cow left the barn long ago.  Sorry bottom rung. Nothing left here for you.

It's not that I mind free market wages - it's just that many who rail against this the the loudest as against "free market principles" have profited handsomely from a crony capitalist system that has protected them from the free market.

Fix the top of the ladder before you bitch about the bottom.

Thu, 12/05/2013 - 21:37 | Link to Comment lakecity55
lakecity55's picture

Hey, the minimum wage WAS increased for the .01%, it is called "stocks."

Thu, 12/05/2013 - 19:58 | Link to Comment krispkritter
krispkritter's picture

How do you say 'bag of dog shit' in Kenyan?

Thu, 12/05/2013 - 20:08 | Link to Comment novictim
novictim's picture

1) No brainers:  Increase the "Minimum wage" to the minimum pay needed to cover expenses for a single worker.  That means no further subsidies to WALMART and KFC in the form of public assistance to under payed employees.

(Do you know that Walmart actually provides guidance to their workers on how to arrange welfare benefits??  Yes, they do!)

 

2) Institute targetted Trade Tariffs on select imports that the USA can resume manufacturing again: For starters-->  LEDs, solar panels (yes, like Solyndra), Windmill Turbines, Zero Emission Vehicles

 

The USA -CAN- be great again but only if we stick up for this country and our fellow citizens trying to make a living.  

The age of societally approved selfish-GREED is over, ZERO HEDGE...a new dawn is rising and you can either get with the program or you can high tail it to what ever shithole you think will take your ass.

 

 

Thu, 12/05/2013 - 21:15 | Link to Comment Winston of Oceania
Winston of Oceania's picture

You don't have the balls to be anything but a back row shit thrower. Just try and loot me you fucking hump and i'll split you from top to bottom.

Thu, 12/05/2013 - 22:57 | Link to Comment Tall Tom
Tall Tom's picture

novictim...Do you understand to whom you are writing?

 

Why should I open a business and hire employees in the United States? Do you think that I cannot offshore my wealth? Do you think that I will be forced to invest in the United States?

 

I have opted out of the United States financially. I spend as little as possible here and live quite frugal and comfortable. I will not buy a new car. I pay as little for food as possible. I do not buy anything. I pay for an electric bill, minor rent, and a cell phone bill. That is how I have internet. 

 

I have divorced myself from the Corporate Model as much as possible. As I have NO INCOME then there is nothing to tax. I have more than enough savings...in instruments that are not tied to the US Dollar but can be sold if I need Dollars to support my meager lifestyle. Many others, WITH THE MONEY, are doing as I am doing. We know what it is like to work, sacrifice, be prudent and save.

 

You are not entitled to my wealth. The reason why we are doing it is because of the narcissistic, entitlement attitude of people as yourself.

 

Do you know how to make Grenades? I do.

Can you Rocket Propel Grenades? I can.

I appreciate my Physics and Engineering skills.

I have not made them yet. But it takes very little time when you have the commonly available "off the shelf" components and the knowledge.

Enjoy trying, dying, to steal from me.

Guns are just for close quarter combat. If an army gets within that range then you are dead. At that point who needs a gun?

I actually can take a thief out to the Califoirnia Desert and Crucify them, nail them to a Palo Verde Tree, and leave them. The Coyotes will scatter their bones.

I can outlast you. Have fun starving.

 

Fellow ZHers. If you have a business close them and fire all of your employees. Gold and Silver is the best way of opting out. Buy it while it is on sale. This asshole is a personification of the prevalent narcissist entitlement attitude of the SOCIALISTS. It is NOW time that we absolutely remove all capital and starve these fuckers out.

Fri, 12/06/2013 - 00:25 | Link to Comment OldPhart
OldPhart's picture

?

Perhaps you forgot the /Sarc tag?

Thu, 12/05/2013 - 20:22 | Link to Comment CheapBastard
CheapBastard's picture

"Fool me once, shame on you. Fool me twice, shame on me."

Thu, 12/05/2013 - 20:23 | Link to Comment mumbo_jumbo
mumbo_jumbo's picture

min. wage in 1976 = $2.30, adjusted for inflation (using bogus calculation methods) is $9.44....any questions?

in reality, using shadow stats inflation metrics min. wage should be about $12/hr

Thu, 12/05/2013 - 20:49 | Link to Comment Bobportlandor
Bobportlandor's picture

I did some calc from 1962 at 1.35 and came to 15-16.

 

Question could be posed should there be a max wage? I think yes.

One man one job?

I think raising the wages would hurt employment temp., but also create more small businesses able to compete against the larger competitors.

Whatever it is it better happen soon.

 

Thu, 12/05/2013 - 22:27 | Link to Comment ClassicalLib17
ClassicalLib17's picture

You mean to tell me that the man that gave me a job in a local restaurant for 1 dollar an hour in 1967 was ripping me off?  I must be stupid because I had more than a couple of uncashed paychecks sitting at home most of the time all the while living, what I thought at that time, high on the hog.  Ah the pleasures of growing up in a two parent household with only one parent working,  and my parents rented the upstairs of my grandparents two flat.  GFY Bobportlandor

Thu, 12/05/2013 - 20:39 | Link to Comment Abrick
Abrick's picture

What is the 'market rate' to make up derivatives/fiat/algos/etc...? It's all those minimum wage workers, civil servants, welfare recipients, and teachers that fucked up the worlds financial system.

Thu, 12/05/2013 - 21:08 | Link to Comment carbonmutant
carbonmutant's picture

Barry's not smart enought to create these charts.

Who writes this crap?

Thu, 12/05/2013 - 21:07 | Link to Comment Herdee
Herdee's picture

The minimum wage is what is set in the Federal Penal System used by Corporations to make things.Things like furniture.It's called the American Goulag.

Thu, 12/05/2013 - 21:13 | Link to Comment prmths2
prmths2's picture

In spite of being on the Do Not Call Registry, we regularly get calls from various telemarketing scammers. After receiving one such call this afternoon and reading this article, I think the government is less concerned about stopping the phone calls than it is about making sure somebody gets paid more to make them.

Thu, 12/05/2013 - 21:23 | Link to Comment naiverealist
naiverealist's picture

The "minimum wage" debate is just a distraction.  If our money was not losing value every day/month/year, they would not have to trot this straw man out.

I once told a man I would work for him for a dollar an hour.  He started to get extremely excited.  Than I told him that "that dollar had to be a silver dollar".  He turned and walked away.

The problem is that our dollar is not stable (remember the Fed's inflation target 2%, but that is really 10%).  The dollar is defined in the law of the land, the constitution, for a reason, to consist of a specific amount of gold or silver.  When they (the PTB bankers) decided that this was too onerous, they redefined it into paper and ink. 

That is the problem.

Thu, 12/05/2013 - 21:50 | Link to Comment notquantumdum
notquantumdum's picture

Doesn't anyone look at history anymore?

Every-time they raise the minimum wage, a huge number of minimum wage earners are laid off or not hired in the first place, due to this policy change, in my opinion.

These people who support minimum wage increases appear to be waging a "war on workers" in my hopefully-humble opinion.

Over time, our firm has hired many college students, part time, and we have paid them all substantially more than minimum wages for their high-quality work.  But, many firms have no choice and have to hire less-skilled workers, apparently.  How do these workers ever obtain the skills to make even moar than minimum wages if no one is allowed to hire them when they have not yet done so?

Has everyone already forgotten how the costs of labor really work?

Doesn't that just increase the disparities of wealth and income, every time [and, presumably, cronyism too?]?

If more minimum-wage-earners are laid off, doesn't that just increase the downward pressure on wage prices?

Thu, 12/05/2013 - 21:51 | Link to Comment Tall Tom
Tall Tom's picture

Raising the Minimum Wage is just a way of increasing Tax Revenue. Now I realiize that Minimum Wage earners get a Refund of their Income Tax.

 

But their FICA contributions increase (as well as their employer's contribution). The Minimum Wage Earner does not receive a refund on that.

 

It is a stealth method to increase Tax Revenues from the working poor. Do not misunderstand me. I know that layoffs will increase as a result and total tax revenues will not increase as a result.

 

But he is not suggesting doing this to help "the little guy". They are not out to help the working poor. They are out to steal as much as they can from them.

 

It is too bad that the working poor are INNUMERATE and do not understand simple PERCENTAGES. That is one reason that they are the working poor.

Thu, 12/05/2013 - 22:15 | Link to Comment The Invisible Foot
The Invisible Foot's picture

Maybe companys could pass some of those production increases on to themselves instead of their workforce. Then our economy will slush more money around faster thus more "growth". Oh wait....

Fri, 12/06/2013 - 00:24 | Link to Comment Kelley
Kelley's picture

I don't know which is worse...

  1. The WH doesn't believe the instagram chart.
  2. The WH does believe the instagram chart.

In case #1, they are a gang of criminals with no sheriff in town.

In case #2, they are the true believers who will double down when plan A is proven not to work.

 

As C.S. Lewis wrote:

"Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience."

 

Fri, 12/06/2013 - 01:04 | Link to Comment disabledvet
disabledvet's picture

when unsure about what to do "just listen to what that ex special forces vet guy keeps saying and that we're torturing...ironically enough. he seems to have all the right answers...or at least the ones everyone wants to hear. Who cares if they work at this point!" To which is say "pick out your super hero" Big Guy. Don't worry...none of us can help it. Here's me: http://www.youtube.com/watch?v=0_C2HJvtRDY Hmmm. Who's your superhero on the "side" here. http://www.youtube.com/watch?v=9C8EUrtEhfM&list=PLE08CB4B101494FFF

ooops, sorry. meant this one: http://www.youtube.com/watch?list=PLE08CB4B101494FFF&v=AepyGm9Me6w

Fri, 12/06/2013 - 01:13 | Link to Comment disabledvet
disabledvet's picture

here's the Bush Administration's "alter ego" as well: http://www.youtube.com/watch?v=mjdRgBAY278&list=PLE08CB4B101494FFF And while we're rolling about Senator McCain: http://www.youtube.com/watch?v=GbfVmzF7N4g&list=PLE08CB4B101494FFF

Fri, 12/06/2013 - 01:17 | Link to Comment disabledvet
disabledvet's picture

And here's Tom Selleck's alter ego: http://www.youtube.com/watch?v=JBVHKwf5mSc&list=PLE08CB4B101494FFF ah, to be the same person you actually are...and see yourself as such!

Fri, 12/06/2013 - 04:07 | Link to Comment The Reich
The Reich's picture

Sounds like one big subsidy to push them into Obamacare

Fri, 12/06/2013 - 10:06 | Link to Comment d edwards
d edwards's picture

Pure fucking propaganda-that's all we get from this bunch of liars.

 

Don't ever forget that when min.  wage rises so do UNION wages. See the pay back here?

Fri, 12/06/2013 - 11:50 | Link to Comment Vin
Vin's picture

The man just can't be that stupid, so I'm assuming he pitching this crap in order to move the focus away from: Obamacare failure, economic misery, Benghazi, unconstitutional activities, UN Agenda 21, destroying the military with communist litmus tests, fast & furious, illegal aliens, etc, etc.

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