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President Obama Signs "Minimum Wage Hike" Executive Order - Live Feed
By the power of his pen... President Obama gives minimum-wage-earning Federal employees (and physically and mentally handicapped workers) a 39% pay hike to $10.10 (and there's nothing you can do about it) to "benefit hundreds of thousands of people." We suspect that the president will remind us to the new "myRA" program and its benefits and how we should all tell our young friends to sign up for Obamacare too... and how this is paid for by the usual unicorn-tears-for-dollars swap...
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I want some free money! All I have is a steady job paying decent wages and my shit together.
EDIT: And my Silver.
If you like your wages, you can keep your wages.. ..in a MyRA.
They took'er jerbs!!
El Presidente!!!!!!!!
the stuff of which inflation is made...
FTFA: "President Obama's executive order to raise the minimum wage for workers under future federal contracts includes a key provision to address concerns raised by advocates for disabled workers, according to the White House."
Hey at least it is only for future contracts...
might want to raise the wage of your teleprompter
Higher minimum wage increases unemployment because a manager will cut their 39% of increased costs. Next stop; Automation Nation!!
How many Federal Gov jobs really have a wage less than $10.10........I think not very many.
Health Care Navigators.
By the time Obama's term ends $10 will be worth only $5 from when he first was elected.
We will be lucky if it's half.
this is the wage hike mentioned in his state of the unicorn address i presume
and it applies to the mentally handicapped, who are basically useless hires, so its got that going for it
never forget the Home Depot manager telling his 'mentally challenged' employee to "please just walk up and down all the aisles and leave me alone"
resource misallocation is the name of the game
Isn't this the same type of shit that petty third-world dictators pull off to try to "solve" economic problems in shitty third-world countries?
Oh. Yeah. It is.
I am Chumbawamba.
stupid fucking nigger...
wow, did you think of that one all on your own?!
Executive FIAT, same as monetary FIAT, it is WORTHLESS!!!!!! F'em!
those fuckers are pulling down $45/hr no joke
A lot......this is a wow monent for stupidity
Peter Schiffs head just exploded
How many Federal government wages are tied to minimum wage? How many union jobs are tied to minimum wage times a certain multiplier?
Finally, the right question has been asked!
The mayor of Seattle has done one better.
He edicted that All city goverment workers and contracters have been granted a $15 per hour minimum wage. Soon all Washington residents will have the same.
Move to Washington: High Wages, High---- well Just High, with legalized pot.
Naaa-na-naaaa-na-boo-boo.
(Where are those cheese Doritos....)
Seattle and Obama are only demonstrating that they do NOT care about poverty. If they did care, they would raise the minimum wage to $100/hour. Instant elimination of poverty.
Edit: TruthInSunshine said it first and better below.
More like Führer
El Presidente today. Mein Fuhrer tomorrow.
Your Fuhrer not mein!
Hugo Chavez wuld be proud
where's a bushel of rotten tomatoes when you need it?
HeyObamaSuckMyDick HeyObamaSuckMyDick HeyObamaSuckMyDick HeyObamaSuckMyDick HeyObamaSuckMyDick HeyObamaSuckMyDick HeyObamaSuckMyDick HeyObamaSuckMyDick HeyObamaSuckMyDick
you only had to ask him once...
Oh boy, O'FlamingHomo is really showing dem people what for.
Kinda like Bush The Flameout, "I'm the Decider".
Please encourage President Obama to support the "Central Planning $100 Per Hour Minimum Wage Act of 2014," by enacting it via Executive Order, which will lead to shared prosperity for all, "spread the wealth around," and ensure a Mercedes-Benz in every garage, and not just of those Federal "Workers" (unionized, of course) who are less educated than yet make twice their private sector counterparts* (mainly living in D.C., Maryland & Virginia), with many of them making $200,000 or more.
(As it stands now, 1 out of every 6.7 Americans with a full time job - NOT INCLUDING MILITARY FORCES OR MILLIONS OF GOVERNMENT CONTACTORS - is employed by either a taxpayer-funded federal, state or local unit of government - FORWARD!)
#WinningTheFuture
#Hope&Change
#PopSomeTags
*Federal Workers Earn Double Their Private Counterparts
www.usatoday.com/.../2010-08-10-1Afedpay10_ST_N.htm...USA Today
"Please encourage President Obama to support the "Central Planning $100 Per Hour Minimum Wage Act of 2014"
Sarcasm is sometimes hard to detect in comment threads.
There's yer sign...
Sounds good, but I'll take a bucket of bolts in lieu of the Mercedes. (Does my bitterness show?)
- Robin Williams
Fortunately, (for them) i don't associate with any type of slaver.
Many union contracts are indexed to the "minimum wage." He's not giving raises to government workers only here...
he's not giving raises to anybody, nobody who works for the federal government does so at $10/hr or less
SEIU contracts will be re-indexed immediatly. Watch for action in NY city next.
Does this mean the .gov shills on YT and ZH getting a raise too?
no offense but why are you here if you have those feelings?
Cuz Bigcoins were the ticket to freedom, while ZH instilled reality. Reality sucks if you're an emotional "investor" like Fone.
Here's some reality for you, no click-baiting required.
https://btc-e.com/
Shouldn't you be off licking your wounds after that bitcoin shellacking you took? I'm sure the wife and kids are happy you pissed away their college fund on that ponzi.
What shellackcing would that be you dumb fuck?
"I'm sure the wife and kids are happy you pissed away their college fund on that ponzi."
~~~
Moar like ~ He won't have the shiny new tuba for band camp this summer...
Please enlighten us all and explain exactly how Bitcoin is a Ponzi scheme without straying from the traditional definition. No mental gymnastics please.
Because the .gov shills are a very real problem that need to be exposed. They're leaving, not fonestar.
Q: Are you saying being anti-Btc is the same as being a .gov shill?
I think you misunderstood him. Re-read what he wrote.
point taken
The same groups behind DDOS'ing Bitcoin are likely the same groups attacking sgtreport.com, kingworldnews.com, BJF's Youtube channel, NRA and second amendment channels and more.
Let's all keep in mind the largest botnet in the world is run by the NSA.
http://arstechnica.com/tech-policy/2013/11/report-nsa-planted-malware-sp...
Fonestar - Your statement doesn't make sense.
Did I miss the part where they mentioned BTC? Oh they didn't? So, beat it turd burglar.
Where's your kiddie diddling bond investor?
+1 for resurrecting the term "turd burglar"!
gotta say, in all fairness, he was baited into it.
sayz the bitcoin shill... more blather from the bitcoin monkey
This isn't about Bitcoin this is about using propaganda against people to maintain mainstream consensus into the digital age.
Fonestar: "Hey, I know a way to pump the value of the 3 bitcoins I have left to my name- I'll pretend to give a shit about a couple of topics other than BitCoin, and those guys will be my friends, and buy my shit"
Genius- can't believe Cisco let you get away- jacking off in your cubicle all day seems to be second-nature to you.....
If your looking for a job, the government is hiring.
Yes, sign up on Youtube today! No experience necessary, only needs two hands and type 4wpm.
Overstock accepts bit coin? I know I'm a little slow on the uptake sometimes but why use bit coin when your cc gives you free money for about 22 days?
...and deadfone...don't you gotta buy bit coins with that green cotton stuff? What happens to your bit coins when the buck goes to zero? Help me here.
Hiring will continue until target of 340 millions is achieved.
"If your looking for a job, the government is hiring."
Government work pays better than being an airline pilot !
Yes, There’s a Pilot Shortage: Salaries Start at $21,000(Over paid Gov. workers bad for taxpayers but that never seems to matter)
Well then just buy e-minis, preferable on a dip but now that the Q1 dip is over just buy the highs; it doesn't matter, all they ever do is go up.
Its basically free money.
Next week Obama will hike the wages of the "hard-working unemployed." ... Oh wait.
and this of course is bearish forf Silver...
that is juidging by the take down at the close of the Crimex and accelerating in the "nobody is really selling any real Silver" Globex....
http://www.kitco.com/charts/livesilver.html
You are doing a heckofa job, brownie.
To quote Spicoli: "You dick!"
Welcome to the USSA where we pretend to work and they pretend to pay us!
Eastern Europeans are laughing their asses of.
Indeed, USSA.
Free shit for freeloaders!
You get a minimum wage, and you get a minumum wage, everyone gets a minimum wage!!!
Fucking guy is going Oprah, must be contemplating a third run.
Where's my new fuckin' Pontiac?
If Barry decides he wants a 3rd/4th. term no one will resist. John Boner and the rest of the spineless self-serving assholes in the cesspool will fall right in line.
Sons of bitches!
The military hates this criminal.
Last I heard, the military shut their traps and do as they're told. This ain't a junta.
This isn't a dictatorship either. He's fired enough patriotic officers to smooth that speed bump.
Still kept out of sight:
http://www.showrealhist.com/yTRIAL.html
It's good to be King.
King Louis XVI: "I love the peasants! Pull!"
King Louis: "Count de Money"
Count de Money: "Sire, you look like the piss boy.."
King Louis: "and you look like a bucket of sh!t!"
So many great lines from one movie.
When do I get my 39% raise?
Free yourself from the bonds of that job. Go home tuck you kids (or girlfriend) into bed and let Barack make your life a living hell. You don't have to be a slave to your job, you can be a slave to the government.
Thought .gov services sucked before, just wait for the bog down due to Lawsuits
How many contracted vendors will now need to renegotiate, how many now will just fold the fuck up.
For 10.10 the hr you may see some decent older folks take these supplemental jobs, I applaud this move.
For you poor, dumb barely employable obama supporters your employment opportunity just got cut in half....
Who needs the other branches of government when we have just one man that can dictate to us all the laws all on his own?
hmmm... are you foreshadowing here?
King Charles 1st thought the same thing. Didn't end too well for him.
We'll only need the other branches of government until the deal is done. Until then, they maintain plausable deniability.
Ok odds on which drone will pass out this time?
Can zombies pass out? Huh.
Did you see the teleprompter when they showed the crowd? WTF do you need a teleprompter for this type of press conference? What a joke.
hes been chooming with his transgendered gay african american single mother pals again
Fucking Dictator does it again.
Seriously, do as these assholes do, not as they say...there is no more rule of law, damned people gotta start behaving that way too!
Damn you for giving this rtard more air time.
This smug son of a bitch is so freaking clueless. He thinks he doing the right thing in the name of fairness. Well, in the real world of private business in order to give wage increases, there may have to be cuts elsewhere. Maybe you lay off an employee or reduce some benefits or cut R&D, etc. In the bullshit fantasy world of big governement and politics, they don't have to make any concessions at all togive raises to 250k people. They just raise taxes and borrow more money in the name of fairness. The rest of us who aren't gov't employees will be paying for this political maneuver for many years to come.
The more they do the fewer the years before it all comes unglued. This action today is one big step toward the inevitable conclusion.
Forward I say! Blank checks for everyone!
Businesses could pay for this by simply accepting less than the current day record profits. They won't so it has to be forced by law. In the end this will be very good for business. Since we all know that pricing no longer is simply a result of supply and demand, then business will raise prices to cover this and within that price increase will also be a higher profit.
For every dollar of minimum wage increase McD's has to raise the price of the hamburger by about 5 cents to keep the same profit. I would gladly pay an extra quarter for a hamburger wednesday so that these workers can enjoy a bit more economic freedom and have a better chance to buy what I sell today.
so, you're saying that inflation is a good thing? great, then what about your input costs on the things that you sell? will you settle for less of your record profits or are you also going to raise your prices?
One should quit repeating BS propaganda. If McDonald's could have raised prices by a nickel, they would have alrready done so, They are not a charitable organization.
The burgers are priced at what the markets can bear at this point it time.
It's how markets work.
FUCK THIS! Why does Obama continue to play and benefit the fed workers against private sector? Easier forgiveness of students loans if you are Fed employee etc. This is fucking bullshit!!!!!!! Fed employees already make MORE in their BENEFITS package alone vs private sector TOTAL compensation package. "Rewards hard work" in the fucking gov't- are you kidding me?
PITCHFORKS READY?
calm down -- its just a game You were already totally fucked with no hope anyway, don't get your panties in a knot.
This is what you should be asking...
Au_Canary @Au_Canary 1h
Why Is The Postal Service Purchasing Ammo And Guns?: http://youtu.be/Xtb-hlxA7Xc #NRA #Tyranny
B.O. is making sure his employees have something worth fighting for if push comes to shove.
How many Federal employees are making the minimum wage?
2.89756
Seasonally adjusted of course.
Approx 16,000 Federal workers currently make minimum wage out of a total of 2,721,000 federal employees, or .58%.
By my back of the envelope calculations it will cost less the taxpayer less than $100,000,000/annum so it's mostly symbolic.
Aren't a lot of other cough, cough, organized labor contracts idexed to this wage??
In the whole scheme of things it is a NON-EVENT publicity stunt.
It's just CIRCUS Dog and Pony shows on the deck of the Titanic. Obama is just the head clown, so laugh at him and it.
The fucking US Defense Department could not account for over 3 TRILLION (THREE MILLION, MILLION) dollars during the Cheney/Zionist 9/11 siphon of the pig trough.
Bush signed Medicare Part D (a.k.a. Prescription Drug Benefit) into law , which now exceeds Soc. Sec. unfunded liabilities.
ITS JUST A FUCKING GAME NOW. Its done, over, dead, stick-a-fork-in-it, pull out the meat thermometer, park it in the junk yard, point of no fucking return, etc. anyone who says or thinks different is simply mental.
What a fucking moron. Obama, could you trouble yourself to learn even the most basics of economics? Or... Too busy golfing?
His caddy needed a raise.
Community Organizer = No math required.
I really hope he ,and the wookie ,get strung up upside down from a gas
station sign. Change I would beleive in.
This jabbering moron couldn't even get the trains to run on time.
ESSO preferably.
Finito Benito.
wookiee*
Equal pay for women?
How many female plumbers have been to your house? How many female electricians? How many female construction workers?
If women want equal pay why don't they do equal work?
Men and women aren't equal. If they are let's streamline sports...I want women in the NFL, because we're equal.
Next up Price Controls. Embrace the suck and the Bannana Republic.
POTUS now means Pen of the United States.
The 'Potemkin Village' just grew exponentially.
Why is Obama talking about how to run a company? Has he ever started a business or run one?
Let's replace our politicians and the dept. of education swat team and the overpaid NSA with a whole bunch of people making $10.10. The economy will be saved for sure.
I'm a sole proprietor.
I wish some shitbag could pass a law so I had a minimum wage too.
BO to Carney: Cue the fainting dwarf just after I mention income equality in the Scranton, PA DMV office.
The King Decrees.........
Um, does anyone else see the eyebrow ring on the "government worker" behind Obama?
Of course not!
That would require watching the charade.
I look forward to the day when I don't even know the sound of anyone's voice (nor name) in DC.
what does the douchebag know about ANYTHING.. other than I GOT A PEN and a (OBAMA) PHONE.... if YOU were trying to take the ussa down.... what would you do differently than obumbler???? not a fukin thing... hey bobbleheads....how's your obamacare workin out for ya ..... and how's your mom's basement this winter... brrrrrr
He knows the most important thing of all. How to buy votes with money he doesn't have.
Furthermore, fuck you and your MYRA. That's the fourth biggest con job you're foisting upon the american people, right after your election as president twice (1st and 2nd) and your pathetic excuse for a health care plan (3rd). A desperate government goes to desperate measure to confiscate the citizens wealth. In this case you're offering to guarantee a return on invenstment if people entrust their retirement plans to the government. Really now? Why would you do this? How desperate are you to get your paws on that $5 trillion in retirement savings? Pretty damn desperate I'd say. Don't the people already loan the government money through the purchase of treasury securities? What's the problem, Obama? Are your finance people telling you they are reaching a borrowing limit at these low rates and you need to scam the people out of their money again after you and your cohort Bernanke just scammed them out of their savings for the last 5 years? Blow me!
If there are no downsides, why not raise min wage to $50/hr? C'mon fauxbama.
It would be five times as inflationary. I remember minimum wage going up 10% to a buck an hour around 1959. But then a buck bought half a tank of gas!
Will this help in the long run? Yes, but not enough.
The economy is fundamentally like a game of monopoly. Increasing the cash pay out for passing go from $200 to $300 won't change the dynamic of wealth inequality and it will only prop up consumerism for a brief period.
Still, it's something.
But in the end, relative wages will continue to fall to the the minimum as there are simply far too many folks looking to get far too few jobs...and this is a global reality.
Didn't anyone consider that automation and computerization would inevitably eliminate the need for workers? And is there anyone brave enough to state this simple truth? Or do we just pretend that everything will fix itself? Through magical means?
Other than the trolls, this has to be the stupidest post I've ever seen at ZH.
Please do the world a favor and read some Rothbard, Mises and Hayek.
the only thing this pos knows how to run is his mouth....
Das Führer
Next up : letting felons vote...
http://www.newsmax.com/newswidget/holder-felons-voting-rights/2014/02/11...
Holder: Felons Should Regain Voting Rights After Time ServedFelons who have served their sentences shouldn’t be blocked from voting by state laws that disproportionately affect minorities, Attorney General Eric Holder will say today.
“These restrictions are not only unnecessary and unjust, they are also counterproductive,” Holder said in remarks prepared for delivery this morning in Washington. “These laws deserve to be not only reconsidered but repealed.”
Holder’s push for restoring voting rights of felons is the latest change he’s seeking in long-standing criminal justice policies that he has said do nothing to make Americans safer and have steep costs.
He want his base being able to vote...
Apropos of the previous post about minimum wage, focusing on so-called economic laws is entirely irrelevant here. The real issues are border control and globalism. American laborers and American businesses cannot compete against Asian sweetshop labor and indigent Mexican illegals.
Where's all the money going to come from to pay for this? Does Barackenstein just enact his own appropriations bills now?
Lew can just take it out of G fund.
My understanding is that Congress appropriates, the executive spends. Supposedly Congress can appropriate $100,000,000 for a project under Interior but it cannot tell the executive how much to spend on paperclips, wages, T&E, etc. So these future federal contracts can just stipulate a higher wage for labor without actually appropriating new dollars.
Holy Filet of Fuck, what a guy! Free healthcare, free housing, free food, free phone and now mo money. 10-10 yes we can O baaaaaaa ma
What a fucking guy! Savior, genius, leader, etc...
When this money works through the cracks (or for da crack) it will propel the US economy fo sure!
Trickle up, trickle down... he's got it flowing from every direction. Party on!
Lower right...Da Plane...Da Plane! And the Klingon behind him...creepy.
Are these people part of the Lolipop Guild?
Only Federal Contract Workers...
Whata loada crap.
I can't take it anymore.
He needs to keep smokin the cigs.
Yeah but they were the ones cleaning up today after his big party on the west lawn with the Frenchie.....they are folding the chairs and tables,,,and cleaning up the trash..so that $500,000 party will now cost $550,000 next time..its only your money..or your debt as they just passed a new debt limit..and up up and away we go..whats another trillion or two..
Question: how does president Obama plan to fund... oh, never mind.