Skip to comments.Obama's remarks on minimum wage and wealth imbalance strike voters' nerves, stir hopes
Posted on 01/29/2014 5:14:08 AM PST by gooblah
Listening to the State of the Union, I can't help but feel invigorated, Jason W. Schaver, a Fulton, Ill., resident said.
(Excerpt) Read more at news.yahoo.com ...
It’s a pain to go to the yahoo link, but the author poo-poos Obama’s claims that the Federal government can just ‘give America a raise’.
Pretty good article.
People who spend every cent they get their hands on on bling and Escalades have no "wealth."
No more complicated than that.
Jason Schaver writes articles for Yahoo.
They have wealth! YT’s just holding it for them until Obama goes and gets it.
From what I gathered from the comments section, it seems like more people are seeing what a charlatan and economic dope Oblamer is.
Yeah—everyone gets a $10 raise, that will make them feel better. Except when the cost of everything goes up $11.
Have these idiots ever taken an economics course?
The constant pressure to raise the minimum wage is actually pressure to kickstart the inflation required to diminish the debt.
Obamacare inflation is a good leftist effort but will fail absent across the board wage inflation. Higher premiums don’t matter if there are higher wages.
Once wages begin to cascade upward, prices will immediately follow. The stalled inflation will begin to move.
The concept of higher wages, free money, is popular. It is happening in several states and will become irresistible. There must be inflation to get the economy out of the plateaued stagnation.
Is it good? Janet Yellen will let us know.
“give America a raise”
The operative word here of course is the word “GIVE”, not earn, but GIVE! Marxists are never talk about EARNING money, but always about GIVING money - giving SOMEONE else’s money!
But suppose Obama does succeed with his fascist tactics to extort certain companies into GIVING certain employees more money, wouldn’t there be consequences? Why yes; yes, there WOULD be consequences!
1. The cost of goods and services would increase, and the GIVING businesses would be forced to raise their prices or go bankrupt. The rest of us not so lucky to be GIVEN a raise would have to pay those higher prices, so GIVING some more money to some means less for the rest of us, i.e., earnings redistribution, i.e., Marxism.
2. But worse, GIVING certain employees more money would simply be another incentive to offshore even MORE manufacturing jobs to countries where employees EARN their money rather than have it GIVEN to them. This mean even more job losses in the U.S., so not only would those losing their jobs not be GIVEN more money, they wouldn’t even be EARNING any money at all either!
Now I know the above is exceedingly complicated for the Marxists running our economy right now to understand, and I don’t even expect them to ever understand such complicated economics. But it would be nice if enough voters figured this out and quit electing Marxists, because if they don’t the Marxist will soon run out of other peoples’ money (even with printing an infinite supply of it) and the whole thing is going to come crashing down around our ears.
No. Most Americans are economically illiterate.
He "feeks" not he "thinks". I've often said that conservatives think and liberals emote. I'm goint to add, progressives lie and scheme.
I am having a hard time getting my head around the thought that anyone and I do mean anyone can take anything this clown says seriously.
Obama can’t create jobs with his simplistic socialist utopian fantasies, but he wants to force private companies to pay employees more than the value of their contribution.
Yahoo writers quoting each other as man-on-the-street ... How pathetic
I got a bridge to sell to the
Moron from IL.
Just wonderin’, but maybe someone could suggest we give the military a “living wage”? Oh, I forgot. The military gets “free” clothes, “free” lodging, “free” food, “free” medical. Do they “earn” it? Uh, yeah. On call 365/24/7. I’m sure there’s more than one out there that served in the military and remembers struggling. Too much month at the end of the money. Thanks vets and active duty folks. A lot!
P.S. We all know there are cush jobs in the mil but there are a lot of jobs in the mil that suck. A lot.
There ain’t no such thing as a free lunch. Maybe poor people will start “self help” in regards to balancing wealth (notice how the issue is morphing from income inequality to wealth inequality).
It’s pretty depressing to read comments from people who want democrats and republicans to work together. This is like asking doctors to work together with cholera