Posted on 01/13/2007 6:02:39 PM PST by george76
In the first hundred hours of the just-started session of Congress, the new leadership promises to raise the minimum wage. The Democrats won't be opposed by many Republicans.
Raising the minimum wage is definitely popular. Voters in six states approved higher minimums last Election Day. State politicians in both parties are practically drooling with eagerness to "help" lower-income workers.
We all want the poor to make more money. So if government can raise wages by decree, why are the popular proposals so stingy?
Let's really do something for the poor. Let's raise the minimum wage to $20 an hour. Even better, $50!
Or maybe we should take a deep breath and think like economists for a change.
The law of supply and demand, which operates whether we like it or not, says that when the price of something goes up, people buy less of it. That's why environmentalists like higher gasoline taxes, and anti-smoking activists back higher cigarette taxes.
The law of supply and demand works in the labor market, too. If government mandates a higher minimum wage, some workers will get a raise. Some. But something else will happen. Employers will hire fewer low-skilled workers. Others will let some current workers go. Some will choose not to expand their businesses. A few will close altogether.
Only 2.5 percent of all hourly workers make $5.15 an hour ...says the Department of Labor. "Minimum wage workers tend to be young."
Few of them stay at the minimum wage for long. As they acquire skills, their productivity rises and they command higher wages.
Legal wage minimums kill all kinds of entry-level jobs, particularly those that would teach young people basic work habits and the benefits of effort. That's why there are no kids cleaning your windows at gas stations or ...
(Excerpt) Read more at humanevents.com ...
Another big issue is the environment. She always makes statements that, with us, the environment is not an issue, it’s an ethic, it’s a value. Which is a nice way of saying, “I love the environment, but not when it comes to our own businesses.”
in 1996, Nancy Pelosi and her husband and fewer than 10 other partners wanted to build a golf course and country club outside of San Jose, California, called the CordeValle Country Club.
They never followed the environmental regulations. The ponds were never built for these endangered species. For seven years, they also failed to file any of the environmental reports required by the California Fish and Wildlife Commission.
A 2004 County Environmental Compliance Report found all kinds of environmental problems on the Pelosi's golf course.
What does that actually mean in practical terms? Did they turn around and build this habitat and comply?
No, they solved the problem the old-fashioned way: they hired lobbyists and they got the environmental regulations changed.
Pelosi, was one of just 37 House members to receive a 100 percent rating last year from the liberal Americans for Democratic Action
Pelosi knows the value of money in politics; over the last two elections her political action committee doled out more than $2 million to grateful Democratic candidates.
Nancy Pelosi, mother of five, grandmother of five, refers to herself as a “conservative Catholic.” It’s an intentionally provocative characterization for someone who is pro-choice on abortion, thinks women should be admitted to the priesthood (“Why not?” she asked), and opposes mandatory celibacy (“I know that [the married priesthood] is in the future, I just don’t how long it will take”).
Nancy Pelosi was the mayor’s daughter.
The Baltimore of “Tommy the Elder” (Pelosi’s brother “Tommy the Younger” would go on to serve a term as mayor in the late 1960s)
Favors could be called in and patronage flowed. Pelosi brothers Hector and Joey, for example, worked at the courthouse. Constituents seeking assistance appeared nightly at the family’s home.
Pelosi’s mother, Nancy D’Alesandro, was no political slouch; as a faithful member of the Democratic Women’s Club, she provided political intelligence and community insights that served the mayor well.
Upon graduation in 1962, she married Georgetown University graduate Paul Pelosi. The couple moved first to New York and then to San Francisco, Paul Pelosi’s hometown.
http://tinyurl.com/yg48ym
Remember Linda Chavez?
She had to withdraw from consideration for a cabinet post because one of her employees was an illegal alien.
So how about Nancy Pelosi ?
The liberal Center for Responsive Politics pegs Pelosi's net worth as being somewhere between $14,746,108 and $55,085,000.
''I ironed it myself,'' she said.
Her husband, who chooses all of her clothes, looked equally elegant. He, too, wore high-waisted plaid pants, but with a short sleeve white cotton shirt.
do you believe people can be made worse off by providing them with another option?
Father: Thomas D'Alesandro, Jr. (Mayor of Baltimore 1947-59, b. 1-Aug-1903, d. 23-Aug-1987)
Mother: Annunciata D'Alesandro ("Nancy", d. 3-Apr-1995)
Brother: Thomas J. D'Alesandro III (Mayor of Baltimore 1967-71, b. 24-Jul-1929)
Brother: Franklin Delano Roosevelt D'Alesandro ( "Roosie")
Brother: Hector D'Alesandro (d.)
Brother: Nicholas D'Alesandro
Brother: Joseph D'Alesandro (d.)
Husband: Paul F. Pelosi (businessman, m. 1963, four daughters, one son)
Daughter: Nancy Corinne Pelosi (hotel executive)
Daughter: Christine Pelosi (former chief of staff for Rep John Tierney)
Daughter: Jacqueline Pelosi Kenneally (runs an art school for children)
Son: Paul Pelosi Jr. (President of San Francisco's Commission on the Environment)
Daughter: Alexandra Pelosi (documentary filmmaker)
Why not raise it? Because people that are getting minium wage are alos recieving assistance from the government for rent, food and expenses. If you raise it than they will not have to depend on social programs that sap our tax money.
" this witch is the same women who owns more then a few vineyards in Napa Valley and will only hire non-union firms to pick their grapes. Why? Because they don't have to pay a "living wage" to the workers then.
She also owns a large stake in the ritzy hotel in Napa called Auberge du Soleil. All employee's are non-union.
She is also a partner in the restaurant chain Piatti…again, all non-union. "
http://www.floppingaces.net/2006/08/04/nancy-pelosi-the-sky-is-falling/
Economics is not your strong point. My hiring of neighbor kids to clean yard and babysit is not subject to the minimum wage and I would not be able to find anyone to work for 25 cents an hour.
You really think that "if we let them" companies would hire help at 25 cents per hour?
Paul is a successful businessman, banker, and investor. He is president of Financial Leasing Services, a venture-capital company in San Francisco. He acts now and then in community theatre.
Paul and Nancy live in the Pacific Heights section of San Francisco. They also own a home in Napa Valley and a home in Georgetown area of Washington.
Paul about Nancy: "He says he doesn’t give his wife advice, except for one thing: he picks out her clothes. "Well, she hates to shop," he explains."
Paul Pelosi, Jr. was appointed to the Commission on the Environment by former Mayor Willie Brown in 2003 and now serves as the Vice President. With more than a decade of experience in banking and finance, Mr. Pelosi is the sales manager of a leading home mortgage organization in the San Francisco Bay Area. Mr. Pelosi holds a joint JD and MBA with a concentration in World Economies and Global Sustainable Development from Georgetown University.
The idiots in DC are going to help union employees, not the little guy. The minimum wage will cause inflation across the board, especially in areas where union labor is involved. The minimum wage is one of the worst causes of inflation.
Nancy's son Paul, Jr. appears to be President of the Commission on the Environment and also a cousin to Gavin Newsome.
Laurence Pelosi was president of acquisitions for Lennar. He is Nancy Pelosi's nephew, and currently works as executive director of Morgan Stanley's real estate division. As Newsom's former campaign treasurer, he would have worked with Darius Anderson on the campaign fundraiser for Newsom. He's not the only one: Doug Boxer, son of Senator Barbara Boxer, is an attorney who has worked for Anderson as a Platinum lobbyist, and has been a partner with Anderson at Kenwood Investments.
Treasure Island's fate seems to be following that of the Presidio. In 1994, the Presidio was formally transferred from the Army to the Presidio Trust (with the edges of the site going to the National Park Service) for "public-private" development and usage opportunities. Three years later, the process started to transfer Treasure Island from the Navy to the city for development. Both transfers were initiated by former Mayor Willie Brown and Congresswoman Nancy Pelosi. The Treasure Island transfer was completed by Pelosi with Mayor Newsom.
What was it like in 1959 ?
Logic is not your strong point.
First you argue that we should be able to pay people 25 cents an hour.
Then you argue against it being a possibility at all.
Make up your mind.
Companies already do hire help at 25 cent and hour in countries where there are no laws protecting workers.
You better believe they would do it here if allowed.
Paul Pelosi was from California, and eventually the family moved back to his home in San Francisco, where his brother was on the local council.
Assets Of Rep. Nancy Pelosi, D-CA
· 1600 Atlas Peak Road, Napa, CA
· 235 Twelve Inc.- LLC Common Stock (Now 235 Second Twelve Inc.-LLC)
· 25 Point Lobos, San Francisco, CA - Commercial Property
· 45 Belden Place, San Francisco, CA - Four Story Commercial building
· 723 Mule Ears Court, Norden, CA - Townhome
· 820 Sir Francis Drake Blvd., San Anselmo, CA-Commercial Property
· Access Technology Partners, LP
· Adaytum Software, Inc.-Common Stock
· Advanced Fiber Communications, Public Common Stock
· Agile Software
· Alliance Gaming Corp. - Public Common Stock
· Alter Ego - Common Stock
· Amazon.com - Public Common Stock
· America's Doctors.com - Common Stock
· Aplion.com - Common Stock
· Apogee Networks, Inc. - Common Stock (now evident - common stock)
· Aristotle Publishing, Inc. - Common Stock
· Ashlar, Inc. - Common Stock
· AT&T Public - Common Stock
· Atipa Fund B (See Oculan Corp)
· Attenza, LLC - Common Stock
· Auberge du Soleil, Rutherford, CA - Owns resort hotel
· Avaya - Public Common Stock
· Bank of America, San Francisco
· Bank of America, Washington, DC
· Beacon Education Management - Common Stock
· BF Enterprises - Common Stock
· Borel Estate Company - Owns shopping center
· Briazz - Public Common Stock
· Broadcom Corp. - Public Common Stock
· Broadway Property, San Francisco, CA - Real Estate Option
· Builder's Info. Group - Common Stock (Formerly Netclerk)
· Bullhorn (Formerly Bridgepath LLC - Common Stock)
· Calico Commerce - Public Common Stock
· Chalone Wine Group, Ltd.
· Cierra Photonics - Common Stock
· Cisco Systems, Inc. - Common Stock
· CMGI, Inc. - Common Stocks
· Co-Net (Formerly Simplexis.com) - Common Stock
· Coach, Inc. - Public common stock
· Collab.net - Common Stock
· Collaborative Group - Common Stock
· ComCast - Public Common Stock
· Command Audio - Common Stock
· Commerce One, Inc. - Common Stock
· Congressional Credit Union, Washington, DC
· CopperCom, Inc. - Common Stock
· Covalent Technologies - Common Stock
· Critical Path Inc. - Public Common Stock
· Currenex - Common Stock (Formerly FX Trades)
· Digital Fountain - Common Stock
· Digital Intelligence (Now Picture IQCorp)
· EDI Associates, Mill Valley, CA - Hotel Investment
· Emulex - Public Common Stock
· Engage, Inc. - Common Stock
· Evident - Common Stock (Formerly Apogee)
· Fastnet - Common Stock
· Financial Leasing Services, S.F., CA - Investment company
· Forty-Five Belden Corp., S.F., CA - Investment Company
· Genetope Corp. - Public Common Stock
· Getty Images, Inc. - Public Common Stock
· Granite Ventures, LP
· Guru.com - Common Stock (now Unicru)
· IKnowMed Systems, Inc.
· Infospace, Inc. - Public common stock
· Interloci, LLC - Public Common Stock
· Internap Delaware - Common Stock (formerly Internap Network Services)
· Internap Network Services, LLC - Common Stock (Now Internap Delaware)
· Internet Cap. Group - Public Stock
· Intraop, LLC - Common Stock
· Japan Partners - Common Stock (AKA Isochron Data Corp.)
· Jet Blue Air - Public Common Stock
· Johnson & Johnson - Public Common Stock
· Learning Techonolgies, Inc.- Common Stock
· LEG Partners, III, LP - Common Stock
· Liberate Technologies - Public Common Stock
· Lionis Gate Limited Partnership (Cordavalle) - Golf Development Partnership
· Lucent Techonolgies - Public Common Stock (Formerly Nexabit)
· LuxN, LLC - Common Stock
· McGrath Rentcorp, Inc. - Public Common Stock
· Microsoft Corp. - Public Common Stock
· MontaVista, LLC - Common Stock
· Mosher Partners, LP, Sacramento, CA - Real Estate Partnership
· Natelli Communities - Real Estate Partnership
· Nautilus Leasing Services - Container leasing company
· Navis Holdings, LLC - Common Stock
· Net2Phone, Inc. - Public Common Stock
· Netcessity - Common Stock
· NetSchools Corp. - Common Stock (Now Plato-Common Stock)
· Niku Corp. - Public Common Stock
· Niman Ranch - Common Stock
· Nine Forty Five Battery, LLC, San Francisco, CA - Real Estate Partnership
· Nine Hundred One Battery, San Francisco, CA - Real Estate Partnership
· Oakwood Homes Corp - Bonds
· Oculan Corp - Common Stock
· Odyssey, LLC - Common stock
· Orlimar, LLC - Common Stock
· Overstock.com - Public Common Stock
· Pacific Island Resources LLC - Common Stock
· Piatti Restaurant Co., Tiburon, CA - Restaurant Opening Company
· Picture IQ Corp. - Common Stock (AKA Digital Intelligence)
· Plato - Common Stock (Formerly Netschools - Common Stock)
· Plumtree Software, Inc. - Common Stock
· Polycom - Public Common Stock
· Potomac Investment Association, Gaithersburg, MD - Real Estate Partnership
· Procure Point - Common Stock
· QIC (Quinton Instrument Company) - Public Common Stock (Now Quinton Cardiology Sys., Inc.)
· QualComm, Inc. - Public Common Stock
· Rainmaker Systems, Inc - Common Stock
· Read-Rite Corp, Inc. - Public Common Stock
· Ready Router (Now Netcessity)
· Recommender 2 - Common Stock
· Redenvelope - Public Common stock
· REOF V - Real Estate Partnership
· RF Micro Devices, Inc - Public Common Stock
· Robert Half Intl., Inc. - Public Common Stock
· Salesforce.com, LLC - Common Stock
· Salon.com - Public Common Stock
· Shutterfly - Comon Stock
· Skellenger Lane, Rutherford, CA - 8 acre vinyard
· Slam Dunk Networks, Inc.
· Sonus Networks, Inc.-Public Stock
· Speakeasy, Inc. - Common Stock
· Spirian, LLC - Common Stock
· Stoneridge, LLC
· Sun Microsystems - Public Common Stock
· Support Inc. - Common Stock (AKA Support Soft, Inc.)
· TeraOp, LLC - Common Stock
· Thirteen Hundred One Sansome, LLC - Real Estate Partnership
· Tripath Technology, Inc. - Common Stock
· Trivium Systems, Inc - Common Stock
· Trux Gate Associates Ltd, Real Estate Partnership
· Unicru Common Stock (Formerly Guru.com)
· Union Bank of California, San Francisco, CA - savings account
· USA DR - Common Stock
· Vanguard Airlines, Inc - Public Common Stock
· Wells Fargo Bank, San Francisco, CA - Savings account
· Witness Sys, Inc. - Public Common Stock
· Xtreme Spectrum, Inc. - Common Stock
· Yantra Corp - Common Stock
· Yerac Associates - Investments
· Zinfandel Lane, St. Helena, CA
Presented by the Federal Election Commission
There was a story reported on FR recently ( I am looking but can not find the link ) that one of her father's relatives ? beat up and raped some victim.
But it never went to trial because none of the witnesses nor the victim would testify...
Your argument is ridiculous.
I don't think I have read a dumber comment about economics on FR.
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