...in the last six months of the Bush administration the country lost THREE AND A HALF MILLION JOBS....
WEll I'm so glad you brought that up, funny how the economy was fine
until 2008 a year after when Pelosi and Reid took over congress, and the economy did go to shit.,,,
I'm not trying to take what you fellas wrote out of context, just don't need them all to make the point of just exactly HOW these two things tie together. And here is how.
When Bush took over, we were trying to recover from the Clinton era Dot Com bubble bursting. Then...while the economy was starting back up...9/11 and the market nearly fell through the floor.
DESPITE all that and 2 wars, the economy still showed growth over the next few years. Which lead to the inevitable calls by democrats to RAISE THE MINIMUM WAGE!
EVERY...and I mean EVERY economist, business advocate and economic advisory group...INCLUDING the CBO and the Federal Reserve WARNED...if you raise the minimum wage, you will kill the recovery and put MILLIONS out of work!
Well, democrats being democrats, what did they do? The INSTANT, the first hundred hours insanity, they took control of both the House and Senate they passed the "Fair Minimum Wage Act of 2007," notice the FAIR word.
Bush signed it because the demwhits attached Bush's tax cuts for small business to it and then attached the whole mess to the war funding bill. They held our troops hostage to the bill. He...I can only assume...figured that the growth and survival of struggling small businesses would offset what the losses might be as the new minimum wage was phased in. That and HE was responsible for supplying the troops!
Well, the artificial housing bubble burst and small business and middle class Americans were left holding the bag anyway!
And here is WHY we were warned it would destroy our economy and is anything BUT fair. For the first time in HISTORY, the minimum wage has taken the wage small business have to pay summer workers SIGNIFICANTLY over the so called poverty level.
While on the face of it, that SOUNDS...fair, it is anything BUT fair as it has left MILLIONS of seasonal workers unemployed and living on government assistance.
The "poverty level" is a made up figure, just over 11,000 bucks a year at the moment and the 14,300 bucks a year that the current MW represents, is an increase of nearly 140% of the poverty level. Until now, the minimum wage as ALWAYS mirrored the poverty level.
And in fact, if we look historically at the MW increases, every period of large increases in the minimum wage even modestly above the poverty level, LBJ, Carter, Clinton and finally this last one, it has been followed by a correspondingly deep crash of the economy and recession. THAT is why the warnings by economist!
And if it holds true to form...and it OBVIOUSLY HAS, democrats have DOOMED us to the worst economy in the HISTORY of this country!
The democrats were warned and did it anyway. It took BILLIONS of dollars out of the economy that sesonal workers would have otherwise spent, put 46 MILLION PEOPLE on the welfare rolls, which American tax payers NOW have to support and all of which has taken TRILLIONS out of our GDP and lead to a growth rate LESS THAN 2%, the threshold for reducing unemployment. ALL of this is a DIRECT RESULT of the liberal/progressive social engineering experiment at the expense of tax paying citizens of the US.
These progressives who believe they can socially engineer this country to prosperity and social justice have GOT to be purged from our government before they destroy us!
