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President Obama Explains The Minimum Wage - Live Feed

Tyler Durden's picture


With even Warren Buffett saying it's a bad idea, we can't wait to hear how President Obama will explain how his move to raise the minimum wage will create jobs and save the middle class.... no-repeat; padding-top: 13px; height: 30px; float: left;">JOIN THE LIVE CHAT


As a gentle reminder,

With President Obama’s State of the Union Address and its associated campaign prominently featuring increased minimum wage, tired arguments for raising the minimum wage are being once again retreaded. Unfortunately, they compound failures of logic, measurement and evidence.

It would stimulate the economy. If I pay $1 more than necessary to hire a worker, I get $1 less in services for my money. The increase in the workers’ consumption enabled by that $1 is a transfer from me to them, not a net gain.

It would increase others’ wages as well. Unfortunately, higher minimum wages reduce available jobs, and fewer alternatives don’t create higher wages. Unions and other competitors would see wage hikes, because alternatives become more costly, but other workers get fewer goods and services in exchange for their labor —i.e., decreased real wages.

It would make work more attractive, reducing government dependence. That would require additional jobs became available at a higher wage. However, fewer jobs will be available, so fewer people would be able to work their way out of dependence.

The minimum wage hasn’t “kept up” with inflation since the 1960s. This presumes without justification that the 1960’s minimum wage was economically justified. However, it was a Great Society aberration that coincided with a virtual stop in progress against poverty.

It also ignores that much of employers’ compensation goes to Social Security, Medicare, workmen’s compensation, new Obamacare mandates, etc., rather than as wages. As government- mandated employment costs ballon, the minimum wage substantially understates compensation.

The claim uses the CPI, widely known to overstate inflation, to calculate “real” wages. And the bias was even larger in the past. So going back to the 1960s for comparison mainly introduces a half century of compounded overstatements of inflation to dramatically understate real wage growth.

It would decrease the number of families in poverty. Unfortunately, as labor economist Mark Wilson put it, “evidence from a large number of academic studies suggests that minimum wage increases don’t reduce poverty levels.” One reason is that most minimum wage workers are secondary workers in non-poor households, while very few are heads of households.

Even important businesses endorse raising the minimum wage. Unionized businesses and those who already pay more than the federal minimum gain from raising it, by increasing rivals’ costs. That those employers who would gain at others’ expense endorse a higher minimum wage says nothing about the validity of arguments against it.

A higher minimum wage will pay for itself in higher productivity, lower turnover, employee morale, etc. Every employer who believed that to be true in their circumstances would pay more without needing any mandate. Are those businesses always accused of being too greedy not greedy enough? Further, why do those states with the highest state minimum wages have higher unemployment rates and lower economic growth rates?

Even if some lose their jobs, most low-wage workers will gain from a higher minimum wage. This assumes that other terms of work will remain unchanged, which is false. For those who keep their jobs, fringe benefits, on-the-job training, etc., will fall to offset additional mandated wages. And the increased wages may well be less valuable (as well as taxable) than what is given up, especially on-the-job training that helps people learn their way out of poverty. That is why labor force participation rates fall and quit rates rise when the minimum wage rises, in contrast to what would happen if those workers were made better off.

Supporters of a higher minimum wage claim altruism to help working families as their motive. But it actually harms most of those supposedly be helped, while benefitting supporters by raising costs facing competitors. They may claim, as did the Chairman of Ben & Jerry’s Board, “I support a living wage economically, morally and with deep conviction,” but it is really a self-interested infringement on freedom that is economically stupid and morally abusive.


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Wed, 03/05/2014 - 15:24 | 4512930 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Holy shit.

Wed, 03/05/2014 - 15:25 | 4512938 Hippocratic Oaf
Hippocratic Oaf's picture

Eat a bag of dicks, odouchebag

Wed, 03/05/2014 - 15:27 | 4512947 NemoDeNovo
NemoDeNovo's picture

OMG PLease do not make me Shoot my Computer!!!  Where is the MUTE button for this AzzHat.

Wed, 03/05/2014 - 15:30 | 4512962 Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

Hey, if raising the minimum wage creates jobs why stop at $10.10 an hour?  Just think what a $100/hour would "create."  IDIOT!

Wed, 03/05/2014 - 15:36 | 4512990 Zymurguy
Zymurguy's picture

Sounds liek a great idea... let's raise the debt ceiling up to 1000 Trillion too.  I mean, it really doesn't matter right?

Wed, 03/05/2014 - 15:46 | 4513042 negative rates
negative rates's picture

Didn't anyone tell him that all the good jobs are gone, how's is raising the minimum wage going to bring that back?

Wed, 03/05/2014 - 15:52 | 4513077 flacon
flacon's picture

OBAMA: "We need to raise the bar a little higher."

Technically he is correct, raising the minimum wage does raise the BAR to entry level jobs - making them harder to attain. 

Wed, 03/05/2014 - 16:10 | 4513156 lordylord
lordylord's picture

Obama is as qualified to speak on economics as he is on constitutional law. 

Wed, 03/05/2014 - 19:11 | 4514010 Real Estate Geek
Real Estate Geek's picture

The CPI OVERSTATES inflation?!?!? WTF is he smoking?

Wed, 03/05/2014 - 15:46 | 4513044 Stuck on Zero
Stuck on Zero's picture

Obama has not explained why the minimum wage should be raised.  INFLATION! 

Caused by big government, too much control, too much corruption, too much spending, poor leadership, too much printing, the Fed, and everything government.


Wed, 03/05/2014 - 17:08 | 4513486 akarc
akarc's picture

Just wanted to add "Corporate corruption" for some balance. 

Wed, 03/05/2014 - 16:08 | 4513147 centerline
centerline's picture

Debt is just money we owe to ourselves according to Krugman.  So, why not?

Wed, 03/05/2014 - 15:38 | 4513002 CrazyCooter
CrazyCooter's picture

With Obamacare and this minimum wage idiocy, all we need to complete the trifecta is an Executive Order requiring the citizenry to purchase a new American automobile every year! Just think of the jobs!



Wed, 03/05/2014 - 15:41 | 4513016 NOTaREALmerican
NOTaREALmerican's picture

Re:  Just think of the jobs!

It worked for Big-Mic building cool war toys.  Lots of people got rich on that,  right?

Wed, 03/05/2014 - 15:45 | 4513037 superflex
superflex's picture

Time to hit the mute button again.

Preezy pandering to his base.  

Gimme, gimme, gimme!

What a cunt.

Wed, 03/05/2014 - 15:54 | 4513063 James_Cole
James_Cole's picture

It worked for Big-Mic building cool war toys.  Lots of people got rich on that,  right?

Yeah guys like Buffett are happy to take endless .gov intervention / bailouts / corporate support worldwide. But that's all free market shit right? 

On the other hand, shocking that a guy with major investments in a whole bunch of companies that rely on wage suppression would be against a minimum wage hike. 

Wed, 03/05/2014 - 19:52 | 4514229 Tall Tom
Tall Tom's picture

With Obamacare and this minimum wage idiocy, all we need to complete the trifecta is an Executive Order requiring the citizenry to purchase a new American automobile every year! Just think of the jobs!


MyRa completes the trifecta of how to destroy an economy. It will be made mandatory.

Wed, 03/05/2014 - 17:30 | 4513590 SAT 800
SAT 800's picture

Every economist in the world understands that a miniumum wage, or a raised minimum wage, which is a form of government price control, has two effects; it increases price inflation and it reduces marginal employment. The only rationale for this is buying voter sympathy from the dumb-dumbs.

Wed, 03/05/2014 - 15:29 | 4512952 Muddy1
Muddy1's picture

He'a looking for any distraction he can find to get his supporters mind off of Ukraine, his recommitment to protecting Ukraine since they had given up their nukes and gutted their military, the funds he gave to keep Ukraine on a leash, and his continuing incompetence.  What an effin MORON.

Wed, 03/05/2014 - 15:42 | 4513029 NOTaREALmerican
NOTaREALmerican's picture

Re:  What an effin MORON

A politician manipulating his dumbasses with bullshit doesn't make him a moron, it makes him a politician.

Wed, 03/05/2014 - 15:47 | 4513046 European American
European American's picture

How in the world is this mother fucking Imposter in Chief still the president? When are we, am I, going to do something, above and beyond our chronic bitching? He's got to go. IT's overdue.

Armed Citizens and a Fascist Police State cannot coexist.

Wed, 03/05/2014 - 15:50 | 4513062 NOTaREALmerican
NOTaREALmerican's picture

Re:  Armed Citizens and a Fascist Police State cannot coexist

Where were you at when the NSA got started?

Wed, 03/05/2014 - 16:06 | 4513141 European American
European American's picture

You mean, where was I at, in November of 1952, on the 4th?

If that is your question? If so, then I was about 460 days old, situated in the midwest.

Wed, 03/05/2014 - 16:31 | 4513258 NOTaREALmerican
NOTaREALmerican's picture

I was more interested in 2001

The "Free world" keeps waiting for the "conservatives" to get as pissed about the 4th amendment as the 2nd.



Wed, 03/05/2014 - 17:10 | 4513497 European American
European American's picture

It is my personal experience that one does not have to be a "Liberal" or a "Conservative" to get pissed. 


PS Where is this "Free World" you alluded to? I'd like to try and get a visa, if it's not too late.

Wed, 03/05/2014 - 18:08 | 4513465 akarc
akarc's picture

"Armed Citizens and a Fascist Police State cannot coexist."

Anyone can take some money and buy a gun. It's a little tougher to use it. As the Facist Police State has demonstrated on more than one occasion they have no qualms about stompin your ass into the ground with owverwhelming force. Just ask the occupy kids.

Oh but that was o.k. cause their rights didn't matter. Right? LEft? Constitution? 

Wed, 03/05/2014 - 15:55 | 4513092 Pig Circus
Pig Circus's picture

The Marxist POS and his policies can only kill employment so he wants to force employer"s to pay people more. How fucked up is that?

Worst president evar.

Wed, 03/05/2014 - 16:06 | 4513142 pods
pods's picture

The next one will be worse.

Count on it.

And if any of you cocksuckers start that phony red-blue team shit in the next few months I will personally drown a puppy.


Wed, 03/05/2014 - 16:11 | 4513161 centerline
centerline's picture

But Hannity keeps telling me it is because there aren't any real conservatives in politics anymore.

Wed, 03/05/2014 - 18:07 | 4513448 akarc
akarc's picture

Hannity will tell you whatever you pay him to tell you on his way to the bank. Just another shill on another channel supported by corporations whose only goal is to brainwash you to blame someone else as you are trying to scape up enough change to buy 1/2 of one their products and finance the other half so the banks can get some too.

Wed, 03/05/2014 - 15:25 | 4512936 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

And they said Putin had lost control of reality?

Wed, 03/05/2014 - 15:39 | 4513009 Winston Churchill
Winston Churchill's picture

Quack,quack , and quack.

Lame d(f)uck.

Wed, 03/05/2014 - 15:26 | 4512942 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Fiat wages!



Wed, 03/05/2014 - 15:27 | 4512945 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Can't. Watch. This.

Wed, 03/05/2014 - 15:27 | 4512946 QQQBall
QQQBall's picture

I love the props. What a douche

Wed, 03/05/2014 - 17:33 | 4513608 SAT 800
SAT 800's picture

They left out the hundreds of giant flags and legions of goose stepping troops; I liked that part about the first one.

Wed, 03/05/2014 - 15:36 | 4512950 lolmao500
lolmao500's picture

Yeah but can he explain this?


This fucker is really trying to start ww3...

NATO to step up engagement with civilian and military leadership of Ukraine: Rasmussen

Chinese jet in near miss with North Korean missile

Shenyang-bound flight missed shot by minutes, but could have been hit on rocket’s descent

China invading North Korea could have been a big lulz.

NATO says today decided to intensify military training with Ukraine. Could we see NATO forces deploying to Ukraine for training soon?

Turkey grants access to Black Sea for US ship within limits of Montreux Convention.

Wed, 03/05/2014 - 15:28 | 4512951 starman
starman's picture

Die you fucking social worker die already!!!!!

Wed, 03/05/2014 - 15:58 | 4513101 RafterManFMJ
RafterManFMJ's picture

Saves us, Hillary! Oh sweet baby Jesus, saves us Hillary!!

Wed, 03/05/2014 - 15:29 | 4512953 Platinum
Platinum's picture

A beacon? A beacon of bullshit is more like it.

Wed, 03/05/2014 - 15:30 | 4512960 QQQBall
QQQBall's picture

It GOT four parts.... Columbia - not likely

Wed, 03/05/2014 - 15:30 | 4512961 TrustWho
TrustWho's picture

Oh, Obama so cool. I am starting to understand Chris Mathew's warm tickle.

Obama, "America is great place. You fool the people and get to be Pesident, well, you get to play gold and fly around the world on Air Force ONE....just ask Michelle.

Wed, 03/05/2014 - 15:30 | 4512964 skwid vacuous
skwid vacuous's picture

Hail to the Queef!

Wed, 03/05/2014 - 15:31 | 4512967 QQQBall
QQQBall's picture

He always goes to the colleges when  SHTF...

Wed, 03/05/2014 - 15:33 | 4512977 Zymurguy
Zymurguy's picture

yeah, the worst of the sheeple on the planet.

Wed, 03/05/2014 - 16:55 | 4513425 akarc
akarc's picture

Hey are you bad mouthin first graders?

Wed, 03/05/2014 - 15:36 | 4512992 Seasmoke
Seasmoke's picture

Guess that's not as bad  as Bush going to 1st Grade to read a book. 

Wed, 03/05/2014 - 15:31 | 4512968 Pooper Popper
Pooper Popper's picture

Fuck you barry! You have been a very bad monkey!!!

Wed, 03/05/2014 - 15:34 | 4512980 Seasmoke
Seasmoke's picture

He can always get a job in those commercials

Wed, 03/05/2014 - 16:54 | 4513416 akarc
akarc's picture

You feel better now or you got to pop some more poop?

Wed, 03/05/2014 - 15:31 | 4512969 Zymurguy
Zymurguy's picture

this guy is such a fucking loser.  can't believe his kids would even own up to him these days.  what a dumb fuk too... raise wages?  That results in what... raised prices or fewer workers?  Can't have everything my dear.  in the mean time, keep reducing the purchasing power of our currency, thanks.

Wed, 03/05/2014 - 15:34 | 4512981 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Alot of the Millenials I have talked to love the bastard, they don't know any other system.

Wed, 03/05/2014 - 15:38 | 4513005 NOTaREALmerican
NOTaREALmerican's picture

Re:  they don't know any other system.

What other system has existed for the last 60+ years?   How would they know?

Everybody wants to be an employee of Big-Gov or Big-Corp and work their way up to "mangement" and get those big bonuses/pensions.  

Wed, 03/05/2014 - 17:45 | 4513621 SAT 800
SAT 800's picture

It's the basic problem with democracy; you're outnumbered by the morons about nine to one. Jeezusa Cristos, this useless bitch can't even speak English; "She has the honor for for working for--" ; WTF kind of bullshit is this; this is a University? Did you know if you fill out a job interview in Europe and tell the interviewer, "four year college degree"; he writes down "high school" on his form? And he's right.

Wed, 03/05/2014 - 15:33 | 4512974 NOTaREALmerican
NOTaREALmerican's picture

Too bad the "conservatives" can't figure-out the cause-n-effect relationship between bad-jobs and more socialism.

Now, what very simple solution could the "conservatives" have pushed that would have eliminated the need for Obamacare and a bureaucratic welfare system loaded with waste.

But, getting "conservatives" to understand cause-n-effect is like getting "progressives" to understand that "Keynesianism" destroys democracy.

Oh well...

Wed, 03/05/2014 - 16:13 | 4513171 NYPoke
NYPoke's picture

You keep using that word Conservative.  I don't think it means what you think it means.

Wed, 03/05/2014 - 16:21 | 4513202 NOTaREALmerican
NOTaREALmerican's picture

Re: I don't think it means what you think it means.

It's in quotes.  There are almost no Conservatives.

Most of the Red Team dumbasses love Big-Gov as much as the "Progressives" do,   they just like manly Big-Gov where-as the "Progressives" love ALL Big-Gov.

Know any "conservatives" that want to use Big-Gov to regulate the genitals?  

Yeah, me too...

Wed, 03/05/2014 - 16:33 | 4513272 NYPoke
NYPoke's picture

That was a movie quote from the Princess Bride.  Real Convervatives want the government out of our business.  Republicans aren't Conservatives these days.


Abortion is a Socialist Movement.  Opposing it isn't regulating, as it never existed prior to the 70's.  Protecting babies isn't regulating either.  It is the Constitution...Right To Life.


At least, let the local & state governments decide...that would be the Convervative approach.  Take the Central Government out of it...Conservative.


No offense intended.

Wed, 03/05/2014 - 16:40 | 4513326 NOTaREALmerican
NOTaREALmerican's picture

Re:  Take the Central Government out of it...Conservative

There's manly Big-Gov and girly Big-Gov.   Most people fall into one or the other, the world over.

There will always be fights over what mommy and daddy allow their children to do.

Wed, 03/05/2014 - 16:51 | 4513398 akarc
akarc's picture

"At least, let the local & state governments decide...that would be the Convervative approach.  Take the Central Government out of it...Conservative."

Oh yeah thats the answer. Balkenize the country. Like it ain't hard enough driving cross country trying to figure out which law you are violating where.

And like I want our local dipshits telling me what my lady and "her" DR. can decide about "HER BODY".  


Wed, 03/05/2014 - 16:58 | 4513440 Moe Howard
Moe Howard's picture

I guess you don't understand the idea of limited Federal Government as personified in the United States Constitution.

Wed, 03/05/2014 - 17:32 | 4513595 akarc
akarc's picture

I understand that, today, the constitution is pretty much dead. Despite that I do not think that the framers of the constitution envisioned limiting the power of the federal government in order to allow the establishment of multitudes of mini fiefdoms, run by miniature duplicates of Washington cronies.

I do know that a key component/purpose of the constitution was to insure individual rights, thus the phrase "Bill of Rights". I see nowhere in there where it gives the local yokels the right to violate those rights. Whether it be in Florida, or Texas. Both of which I have been stopped and searched in priimarily cause they jus din't likes the way I looks! De was suspicious!

Experience breeds understanding!      

Wed, 03/05/2014 - 20:09 | 4514326 Tall Tom
Tall Tom's picture

I guess you don't understand the idea of limited Federal Government as personified in the United States Constitution.

If State Governments did not violate Civil Rights then a rule under the Articles of Confederation may be a better model.


But since all Governments violate individual rights then perhaps it is best to abandon Government altogether.


I guess that you do not realize that words written on the Parchment are meaningless when the people in a Federal Government choose to ignore them. Furthermore the people do not take a stand against the egregarious violations because they are being paid off by those empowered.


Ergo...THERE ARE NO POLITICAL SOLUTIONS when psychopathy is endemic in a population.


First solve YOUR OWN PERSONAL PROBLEMS. Take PERSONAL RESPONSIBILITY. Then you may have a chance to concern yourself about others.


Government does not solve problems as GOVERNMENT IS THE PROBLEM.

Wed, 03/05/2014 - 15:33 | 4512976 ShrNfr
ShrNfr's picture

I see he is appealing to the college crowd. The good news is that the poly sci majors may get 10.10 an hour after they graduate if this passes.

Wed, 03/05/2014 - 15:35 | 4512986 mayhem_korner
mayhem_korner's picture



Only thing interesting in his speeches is the composition of the crowd in the backdrop.  Seeing crazed liberals in the flesh is always entertaining.

Wed, 03/05/2014 - 15:37 | 4512994 buzzsaw99
buzzsaw99's picture

way to spout the globalist party line td. now go back to eating the corn out of buffett's shit.

Wed, 03/05/2014 - 15:42 | 4513024 HerrDoktor
HerrDoktor's picture

a coarse remark, and shockingly accurate

Wed, 03/05/2014 - 15:44 | 4513039 25or6to4
25or6to4's picture

And a thousand up arrows to you for the thought of the day!

Wed, 03/05/2014 - 16:11 | 4513089 Dr. Engali
Dr. Engali's picture

What magical artificial number would you have .gov dictate we pay the part time burger flippers of the U.S.S.A? Keep in mind that a dollar in Indiana buys more than a dollar in California. You're tilting at the wrong windmill. Without the constant devaluation of the dollar by the federal reserve people's buying power wouldn't keep getting stolen.

Wed, 03/05/2014 - 16:45 | 4513358 akarc
akarc's picture

"Without the constant devaluation of the dollar by the federal reserve people's buying power wouldn't keep getting stolen."

It's not being stolen. It's being judaciously given to those who have already have everything they could possibly buy, have nothing better to do with it, and so spend it on stocks.

Wed, 03/05/2014 - 17:05 | 4513472 Dr. Engali
Dr. Engali's picture

They have to steal it first in order to give it to them.

Wed, 03/05/2014 - 17:18 | 4513537 akarc
akarc's picture

That is true so I upped ya. But then I wondered, are they stealing it or do we on bended knee with bowed head displaying the whip marks on our backs  just hand it to them?

Wed, 03/05/2014 - 17:41 | 4513642 SAT 800
SAT 800's picture

the people of the United States, voted, State by State to make a Constitutional Amendment so that the Federal Government could charge them income tax; which previous to this they had not been able to do. I'm not making this up. As this is the case; what is there to discuss? It's a nation of morons.

Wed, 03/05/2014 - 16:00 | 4513113 RafterManFMJ
RafterManFMJ's picture

Is that you John Wayne? Is this me?

Wed, 03/05/2014 - 15:39 | 4513006 delivered
delivered's picture

Can't this man keep his mouth shut for just one day. I mean everything he spews now is just complete and total BS. His so called allies in Europe are running for cover on the Russian sanctions issue as the POTUS clearly doesn't understand the importance and interdependancy between Europe and Russia these days. About all Obama and his bitches can resort to is name calling and throwing the dog in Ukraine a billion dollar bone in hopes this will solve their problems. On the Obamacare front, the only constant is that features and requirements are going to be delayed, over and over again (so basically nobody knows what the current law is).

Please someone tell the POTUS as well as all of the other SFB's in Washington to keep their mouths shut and think before they talk as nobody believes a word these politicians are saying. My guess is that the one chart the politicians fear most is the one that shows an improving economy directly coorelated to decreasing government involvement/political grand standing. Can't these mofo's just get it through their heads that they are the problem and not the solution!

Wed, 03/05/2014 - 15:42 | 4513023 Zymurguy
Zymurguy's picture

It's not his fault really... the TOTUS tells him to say those things and Soros works the controls from under his skirt.

Wed, 03/05/2014 - 23:33 | 4515275 Marlon Brando
Marlon Brando's picture

Dont you get it yet, everything our so called representative government does is made to look like incompetence but that is all theatre. Its the planned economic destruction of America, to make economic Mexicans of us all. An armed middle class is what they fear so they are doing away with it, 

Wed, 03/05/2014 - 15:40 | 4513012 25or6to4
25or6to4's picture

All this wisdom coming from the ass clown in chief who is completely clueless regarding anything business wise. Correct that, he is just plain clueless about anything period.

Wed, 03/05/2014 - 15:46 | 4513043 Zymurguy
Zymurguy's picture

He's never worked a day in his life... much less employed anyone ('cept the pusher who supplied the Choom wagon).  Surrounds himself with equally inept academia basd administrators and has conjured up the most disasterous utopian policies that will never work.  Top that off with a nice dose of narcissism and we end up with a group of people that are unfortunately so toxic for our country and yet can't see their failure points - blame others and will never step aside to admit they're wrong.

Wed, 03/05/2014 - 17:15 | 4513333 akarc
akarc's picture

Whoa thats a relief knowing he has academia based administrator populatin the D.C. arena. For a few years I been thinking it was all lobbyist, corporate heads and those in the SEC and Justice Department paid not to press charges.

Wed, 03/05/2014 - 15:41 | 4513013 skwid vacuous
skwid vacuous's picture

that beady eyed prick in the pink and blue stripes need a good slap...where is this again?

Wed, 03/05/2014 - 15:41 | 4513015 Wicked Old People
Wicked Old People's picture

Dear Mr. President, Why do you spend oh so much hot air trying to "back 'n' fill" for the fact that you've had your head firmly up the ass of the old rich white guys' prestige machine for the last six years?

Wed, 03/05/2014 - 15:42 | 4513025 youngman
youngman's picture

This is for his base...they think its great....they dont know that fewer jobs will be there in the future....they just think they are sticking it to the MAN...that is all...that business owner is bad....that is how they think...

Wed, 03/05/2014 - 16:38 | 4513310 akarc
akarc's picture

Yepper ya gots to wonder about that stupid ol Henry Ford who doubled his workers salary and created a middle class. Where the fuck is he when ya need a job czar. Hmmm sounds a bit russian.

Wed, 03/05/2014 - 18:20 | 4513813 SAT 800
SAT 800's picture

Yep; that's it. one simple sentence goes in, and one simple emotional response comes out; thinking? furgeddaboudit.

Wed, 03/05/2014 - 15:43 | 4513033 Cornholiovanderbilt
Cornholiovanderbilt's picture

Welkommen to Dumbfukistan!!

Wed, 03/05/2014 - 15:49 | 4513059 25or6to4
25or6to4's picture

Welkommen zür Schiesskopfenstan. There, fixed it for you....I think

Wed, 03/05/2014 - 15:51 | 4513068 agent default
agent default's picture

That was under Bush.  The new term is Pindostan, we are way past dumbfuckistan.

Wed, 03/05/2014 - 16:21 | 4513203 Dead Man Walking
Dead Man Walking's picture

LOL, dont forget URscrewedistan

Wed, 03/05/2014 - 15:43 | 4513034 HerrDoktor
HerrDoktor's picture

much better with sound turned off

Wed, 03/05/2014 - 15:45 | 4513040 lolmao500
lolmao500's picture

Reuters: U.S. official says Pentagon to send six additional F-15s to Baltic air policing operation

Obummer, another fucker I can't stand to listen to, even for a second. His face already pisses me off, his voice is 1000 times worse.

Wed, 03/05/2014 - 15:54 | 4513084 25or6to4
25or6to4's picture

Suggestion, turn off sound to tv and crank up Sweet Home Alabama.

Wed, 03/05/2014 - 15:46 | 4513041 khakuda
khakuda's picture

Raising minimum wage is a free lunch in Obama's mind.  "It's common sense.  Everybody wins", he says.

Put that it in the drawer with zero percent interest rates and money printing.

Wed, 03/05/2014 - 15:48 | 4513054 NOTaREALmerican
NOTaREALmerican's picture

Re:  money printing

Well, free money did make the boomers pretty wealthy.   Even Dick Cheney admitted that.

Seems the only disagreement the two Teams have is over who gets the free money?

Wed, 03/05/2014 - 16:34 | 4513284 akarc
akarc's picture

Been to the grocery store lately. Pretty obvious where the free money has gone. Ask Job CZAR Jeffery Immelt who used his 2.6 million yearly bonus to by GE stock.

Oh wait a second, didn't they get bail out money too?

Wed, 03/05/2014 - 15:47 | 4513045 The Proletariat
The Proletariat's picture

Awe shit!  The fucking player automatically came on and I heard the wanker speak.  Hence, I did notice his is speaking in his Illinoy accent...

Wed, 03/05/2014 - 15:48 | 4513057 lolmao500
lolmao500's picture

A good comparaison between Obama and Putin quite hilarious.

Wed, 03/05/2014 - 15:50 | 4513061 Bill of Rights
Bill of Rights's picture

Taking Bets on how many people in the Background are collecting some sort of .gov Benefits.

Wed, 03/05/2014 - 15:51 | 4513072 NOTaREALmerican
NOTaREALmerican's picture

Re:  Taking Bets on how many people in the Background are collecting some sort of .gov Benefits.

About the same percentage as the number of people living off of Big-Ag, Big-MIC, Big-Road, Big-Water, Big-Airport, Big-Energy, Big-Ed, Big-House, Big-Fin, Big-OldFart, Big-OldFartHealthcare, Big-AntiDrug, & Big-PoliceState.

Wed, 03/05/2014 - 15:54 | 4513086 Bill of Rights
Bill of Rights's picture

NRAM? Hey brother I miss you man   (Shill ) from CR..Lol

Wed, 03/05/2014 - 15:56 | 4513097 NOTaREALmerican
NOTaREALmerican's picture

Re:  from CR

How are things over there?  

I felt guilting annoying people there.   Too many of them were actually nice people. 

Wed, 03/05/2014 - 16:04 | 4513128 Bill of Rights
Bill of Rights's picture

Same Red team Blue team shit

Wed, 03/05/2014 - 16:12 | 4513162 NOTaREALmerican
NOTaREALmerican's picture

Re:  Same Red team Blue team shit

Yeah, it's just another OCD. 

Wed, 03/05/2014 - 15:50 | 4513064 QQQBall
QQQBall's picture

Doug inherited his wealth. great minimum wage example you douche

Wed, 03/05/2014 - 15:52 | 4513079 Bill of Rights
Bill of Rights's picture

Ya we're great hugs all around " Hey can I suck your dick " ya look at us we're important, hey check out my tie, ya Were great!....fools.

Wed, 03/05/2014 - 15:55 | 4513090 Save_America1st
Save_America1st's picture

okay...let's start out by paying all you scumbag CONgress critters, staffers, czars, and the White House regime from top to bottom minimum wage.

Just like everything else:  YOU FIRST, BITCHEZ!!!

You wanna "go green"?  you first...give up all your cars, planes, mansions, etc.

You want higher taxes?  you and all your fascist cronies can start paying up and stop taking Trillions out of the pockets of the rest of America.

You want to reduce CO2?  You first...just shut your fucking mouths...that would help out tons!

You want peace?  You first...quit causing fucking wars all over the fucking world and lying about your bullshit false flags.

You want to depopulate the world through your fucking eugenics programs? YOU FIRST, you fucking assholes!  anyone preaching that bullshit by law should have to step up to the plate first with their family right behind them and take one for tbe team.  You think we need to thin the heard then we kill you first to set an example.  

And if you want to ban our firearms, well just try it and see what happens.  you scumbags can fisarm yourselves aaaaaaaall you want, so go right ahead.  but you'll never get out guns, you socipath, Marxists, traitors.  and you know why you why you won't get our guns?  Because FUCK YOU, that's why!

Molon Labe, bitchez!!!

Wed, 03/05/2014 - 16:30 | 4513245 akarc
akarc's picture

Was spot on with ya until:

"but you'll never get out guns, you socipath, Marxists, traitors.  and you know why you why you won't get our guns?  Because FUCK YOU, that's why!"

They don't need to take our guns. Try to buy ammo lately? "They have successfully limited supply and driven the price sky high.

Edit: THey came in through the back door.

Wed, 03/05/2014 - 19:18 | 4514034 Save_America1st
Save_America1st's picture

well, I meant "get "our" guns", not "get "out" guns"...sorry for the typ-o.  But I'm glad you agreed with me, and I hear what you're saying about ammo.

However, 10's of millions of Americans have been stacking up ammo for decades.  Many of them load their own.  We've conservatively got 150 million or more Americans who own at least one gun.  The gun estimate total is over 300 million guns which also translates to many billions of rounds of ammuntion in existence, owned, and stashed in those gun owners homes.

I won't say how much I've got, but let's just say it's fairly substantial, and I'm sure I'm just average compared to others, because I know of quite a few people who put my ammo stash to shame, lol.

Ammo supplies were pretty rough there for a while and people are still somewhat over-charging for some calibers...22LR for example is the main caliber that's very short in supply and so is pricing sometimes over 100% what it should be. 

But if you're diligent, as I am, and you're always on the lookout, you'll find the deals and you will capitalize on them and make your stack grow! 

9mm, .45 ACP, .40SW, .38 Special, can be found for reasonable prices if you wait and look out for the deals. 

Rifle calibers other than 22LR are also coming down in price and supply is increasing.  There was a major shortage there for a while, especially with the MUTANTS of this criminal government buying up 1.6 Billion rounds using our tax dollars or printed dollars to do so.  Fucking scum.

But that's okay...the ammo industry adapted and they're picking up the pace so that patriots can arm themselves quite comfortably without going broke. 

I don't shoot hardly at all anymore at the range though in order to conserve.  That never used to be a concern.  So I've had to adjust.  But at the same time I really don't need to shoot all that much.  I'm good with all my calibers and everything is spot on, so I'm ready if I need to be.  And many 10's of millions of other patriots are ready as well.

If a patriot wants to get a gun legally wherever he lives and start stacking ammo I'd say right now .40 SW is extremely available as are 9mm.  You can find good quality and quantity of 9mm on certain sales if you're on the lookout constantly for arount .25 to .28 per round.

You can get a Ruger 9mm for new for 350 if you're looking...cheaper if you can find a nice used one.  If all that is too much for someone to afford, because I know times are hard, then they should save up as long as they need to, because deals will always be out there.  Or they should use their spare savings to stock up on food and water supplies instead.

Also, you can still find good deals on 12 gauge scatter guns out there if you're looking.  That would be my first purchase if I were starting out.  Get a 12 gauge Mossberg 500 for 250 can find a used one for that...maybe even a little less.  Then buy about 100 rounds and just hold onto it.  Use it for home defense and keep stacking up on food and water supplies, etc.   

But everyone needs to remember that we're the most heavily armed nation in the history of the world.  So I say again to the MUTANTS who think they will defeat our Republic.  Bring it on and Molon Labe

You're losing the infowar and you're going to lose your attempt to destroy our Republic. 

Zombies are fake....but MUTANTS are real.  Fight and resist all MUTANTS at all costs!!!









Wed, 03/05/2014 - 15:55 | 4513093 wakablahh
wakablahh's picture

"The claim uses the CPI, widely known to overstate inflation, to calculate “real” wages. And the bias was even larger in the past. So going back to the 1960s for comparison mainly introduces a half century of compounded overstatements of inflation to dramatically understate real wage growth."


Do individuals really think the CPI overstates inflation?  I never heard that before.

Wed, 03/05/2014 - 16:02 | 4513116 NOTaREALmerican
NOTaREALmerican's picture

Re;  I never heard that before.

All inflation measures are subjective.

The CPI would be accurate depending (mostly) on whether you are a member of the Elysium class (top 1%), the Elysium support class (top 20%), or the loser trash-class (the bottom 80%). 

Wed, 03/05/2014 - 17:12 | 4513226 akarc
akarc's picture

Nothing subjective about the price of a steak now days. But then I am in the loser-trash class.

Wed, 03/05/2014 - 16:04 | 4513126 L_Conquistador
L_Conquistador's picture

Obama just knows that, if the only raise you ever got was due to a minimum wage increase, you will be a lifelong democrat.

And, the layoffs caused by any such raise can easily be blamed on employers' greed. 

Wed, 03/05/2014 - 16:07 | 4513143 NOTaREALmerican
NOTaREALmerican's picture

Re:  if the only raise you ever got was due to a minimum wage increase, you will be a lifelong democrat

A sure winner the way YOU put it.   Now, if ONLY the "conservatives" had brains big enough to come up with an alternative.  

Now, what could that POSSIBLY be....  ?

Wed, 03/05/2014 - 16:05 | 4513134 Carl Popper
Carl Popper's picture

I love the minimum wage fights when the Tylers get bored and decide to toss out some red meat.  


It's fight club, bitchez. 


Take a stand and piss someone off. 

Wed, 03/05/2014 - 16:11 | 4513158 NOTaREALmerican
NOTaREALmerican's picture

Re:  It's fight club, bitchez. 

It is pretty funny to watch them.    It's like an orchestra playing for the director.

Some Red section posts,  then some Blue section posts,   some foreign posts,  BIG crescendo,   Red and Blue dumbasses laying in pools of ISM bullshit.   

I love their icons for Obama & ObamaCare too.  They could easily go into the political dumbasses manipulation "industry". 

Wed, 03/05/2014 - 16:07 | 4513144 RevRex
RevRex's picture

But but but Bush did the eact same thing and both parties are exactly the same.......speaking of which, nobody answered my question but I will try again..



IF both parties really are the same, WHY does the media treat both parties so differently? Save me the "there's no such thing as liberal bias in the media bullshit", because it only makes you look retarded whan you say something so fucking dumb.....

Wed, 03/05/2014 - 16:17 | 4513178 NOTaREALmerican
NOTaREALmerican's picture

Re: WHY does the media treat both parties so differently

The parties ARE different, but not in the way a party true-beliving dumbasses thinks they are.

Red Team = kick-ass daddy, manly Big-Gov loving, authority worshipping, crony-capitalist, fascists.

Blue Team = smothering mommy, all Big-Gov loving, authority worshipping, crony-socialist.

There's no difference IF you are anti-authoritarian.   For the true-believing authority worshipers tho,  there is a HUGE difference.  And most of the population are mommy or daddy authority worshippers.


Wed, 03/05/2014 - 16:21 | 4513204 akarc
akarc's picture

"And most of the population are mommy or daddy authority worshippers."

Love it. Like little children throwing temper tantrums. But they can't take on Mommy and Daddy so they build "Joo" bogeymen.  

Wed, 03/05/2014 - 16:26 | 4513231 NOTaREALmerican
NOTaREALmerican's picture

Re:  bogeymen

The tiny-brains need bogeymen and Dieties to "explain" things.   They also provide a source of bullshit.   The human brain needs bullshit to reconsile conflicting realities in the brain.

Big-MIC is a socialist scam,  The dumbasses loves slow-motion flags,  The dumbass hates socialism.   Bullshit to the rescue.

Big-MIC isn't a socialist scam because ___________________ (fill in bullshit).  

All of politics and religion is based on bullshit delivered to dumbasses by sociopaths.   Simple system that rewards the sociopaths.

Wed, 03/05/2014 - 16:27 | 4513234 RevRex
RevRex's picture

So you say thery "are different" but then  "there's no difference" IF?????



So WHY does the media treat them so differently if there is no difference?



That part never gets answered for some reason.

Wed, 03/05/2014 - 16:36 | 4513299 NOTaREALmerican
NOTaREALmerican's picture

Re:  So WHY does the media treat them so differently if there is no difference?

There IS a difference IF you are an authority worshipping dumbass.   People will be EITHER kick-ass daddy authority worshipers OR smothering-mommy authority worships and will hate each other; like Chicago Cub fans hating Chicago White Sox fans.   But to a non baseball fan, they are both EQUAL dumbasses.

The media is made of up mostly true-believing mommy or daddy dumbasses,  just like society in general.  

Most people worship authority.

Wed, 03/05/2014 - 20:39 | 4514468 Tall Tom
Tall Tom's picture

So WHY does the media treat them so differently if there is no difference?

That part never gets answered for some reason.


It has been answered so many times that it becomes rather redundant to do so.


To do this...ONCE AGAIN...the Media is PAID by their Corporate Oligarchs to create an ILLUSION that there is a choice. The Oligarchs understand that any force which is divided can easily be conquered and controlled.


"The Crowd" by Gustave le Bon, really lays out how the Power Brokers can use the techniques.. It was well read and on the bookshelf of Goebbels and Hitler.


Propaganda is extremely affective.


If you are sincere in your post then you will watch the following film, "Rule From The Shadows - The Psychology of Power" to get an understanding about how the Propaganda techniques are implemented and why it is done.


If you are here to promote the Propaganda that there is a difference between the two Parties then you still serve my purposes of exposing and promoting the Truth as many others will click the link and learn from the video.


Furthermore they will learn that the same techniques can be implemented in causing a Revolution in this Nation, one that is desperately needed. They will watch this video, titled "Revolution: An Instruction Manual", also.


I can use the trolls. Trolls are "Useful Tools". I can use the same techniques which the Ruling Class uses and get the message out.

Wed, 03/05/2014 - 16:18 | 4513188 akarc
akarc's picture

Fox news, Rupert Murdoch, Heritage foundation, Drudge report, Rush Limbaugh, Hannity, Mark Levine, and friends.............

Guess it just depends on whose media your listening to. But then I am retarded.

Wed, 03/05/2014 - 16:09 | 4513145 Carl Popper
Carl Popper's picture

We also used to have joofights with xenofrog and other Zionists until Tylers banned all the fun. 

Wed, 03/05/2014 - 16:18 | 4513186 NOTaREALmerican
NOTaREALmerican's picture

Re:  banned all the fun

Even the real fight-club had rules about knives and broken-bottles.

Wed, 03/05/2014 - 16:50 | 4513392 Esculent 69
Esculent 69's picture

A glittering jewel of colossal ignorance.

Wed, 03/05/2014 - 16:56 | 4513430 Esculent 69
Esculent 69's picture

to ilustrate the acitive government trolls on this site just how the fuck could anyone BUT a government troll down vote your comment akarc.



Wed, 03/05/2014 - 16:57 | 4513438 Esculent 69
Esculent 69's picture

and yes i up voted you. your welcome.

Wed, 03/05/2014 - 17:02 | 4513464 Moe Howard
Moe Howard's picture

Fuck 'em.

Wed, 03/05/2014 - 17:05 | 4513475 kchrisc
kchrisc's picture


In the first, this is a professional liar explaining something that he knows nothing about, and in the second, he is only relating what he has been told to. Yeah, this should be good. Probably "for the children" or something.



"Guillotines protect today's children from them and their future wars."

Wed, 03/05/2014 - 17:11 | 4513501 Peak Finance
Peak Finance's picture

Ok guys, these anti-minimum wage theories are correct "in the real world"

However, we are not in the "real" world. We are in crony-capitilist fucked-up bizzarro world.

Here in crony-capitilist fucked-up bizzarro world, companies like Walmart and McDonalds underpay their employees to the point that they qualify for public assistance. This means that In fact the public assistance is subsidizing the work-force of some of the worst companies in the country.

Raising the minimum wage would give it to these guys right in the starfish. I say go directly for 15 USD per hour minimum wage.  

Maybe we should make some kind of lower limit, whereas the minimium does not apply unless you have more that 50 workers, or, if you have a single worker on public assistance?  I don't know. I think that you guys, even if you disagree with me, see my thought process here. 

Thu, 03/06/2014 - 00:03 | 4515375 harleyjohn45
harleyjohn45's picture

McDonalds and Walmart already pay more than 10.00, so public assistance will always be needed.  !5.00 is not going to happen.

Wed, 03/05/2014 - 17:11 | 4513503 Esculent 69
Esculent 69's picture

I commented without reading his earlier posts. The part that i was agreeing with was the following-

"Oh yeah thats the answer. Balkenize the country. Like it ain't hard enough driving cross country trying to figure out which law you are violating where.

And like I want our local dipshits telling me what my lady and "her" DR. can decide about "HER BODY".  

Although his understanding of conservatism is misguided at best-

"Fox news, Rupert Murdoch, Heritage foundation, Drudge report, Rush Limbaugh, Hannity, Mark Levine, and friends.............

Guess it just depends on whose media your listening to. But then I am retarded."

These are alternative news media that people use to garner the other information that the msm doesn't give us. Let alone the discussion of topics that the people in government who are in media to protect government from scrutiny.  That's why it's referred to as "state-run-media". 

But he is retarded.  And for that i will down vote him. all of them ;-)

Wed, 03/05/2014 - 17:54 | 4513688 akarc
akarc's picture


"Fox news, Rupert Murdoch, Heritage foundation, Drudge report, Rush Limbaugh, Hannity, Mark Levine, and friends..........."

These are alternative media????????

Retarded though I may be I will treasure every down vote I get from ya.

Wed, 03/05/2014 - 17:17 | 4513530 Raging Debate
Raging Debate's picture

Mid term elections coming up. What will Democrat politicians run on? How do you like your new insurance bill? How about ass-kissing corporatocracy?

There isn't much difference in blue team or red team fascists. But now they're turning Marxist. Marxism is what happens after the Fascists steal most of the loot and install "laws" to keep illicit gains.

Not surprisingly (although dishearting) are laws that say the criminals can indefinately detain or kill you without due process if you attempt to hold them to account. At some point, American suicide bombers are likely if the current trajectory is maintained. But likely prior to this would be Russian nukes, cornering a grizzly is bad news. You may shoot that bear but he will eviscerate you first.

Wed, 03/05/2014 - 18:48 | 4513928 DaveA
DaveA's picture

Answer:  Minimum wage.

Question:  With the exact same abilities as Barack Obama, how much could a white man earn?

Wed, 03/05/2014 - 20:58 | 4514579 post turtle saver
post turtle saver's picture

gotta keep that Union voting base happy... min wage hikes 4 ever bitchez...

Wed, 03/05/2014 - 21:07 | 4514624 Smiley
Smiley's picture

Does anybody seriously believe ANYTHING that comes out of that Sock Puppet's mouth anymore?

Wed, 03/05/2014 - 23:47 | 4515330 Walt D.
Walt D.'s picture

"The claim uses the CPI, widely known to overstate inflation, to calculate “real” wages. And the bias was even larger in the past. So going back to the 1960s for comparison mainly introduces a half century of compounded overstatements of inflation to dramatically understate real wage growth."

How can this statement be correct. The CPI is deliberately falsified to give the impresssion that prices are not increasing so that COLA payments that are tied to inflation are lower than they would otherwise be.

Thu, 03/06/2014 - 01:54 | 4515603 damicol
damicol's picture

You got a small business in the US or run an SME


 go here

amazing what can be be done to scalp the thieving scum in the IRS or the corrupt banana sucking monkeys gangsters in the Witehouse

Do NOT follow this link or you will be banned from the site!