I was watching Kudlow yesterday. He flashed a list of the 10 Obama priorities. All of them were unbelievably naive and liberal. The one that caught my eye though was that he wants to triple the minimum wage. Can anyone say “Depression?”
Now THAT is dangerous.
I remember the FR posters making fun of the Dems when they increased the minimum wage by saying, “Why not increase it to $10?” Here’s a guy who wants to increase it to $22, and he is not joking.
Why raise the minimum wage in America? If you want to keep low income labor from flooding our market and keeping salaries down, force the rest of the world to pay a living wage.
Go UN go! < /s >
Actually, if that's on Obama's priority list, that would be a good thing for us. There are almost certainly some halfway-sensible Democrats in Congress who would realize that tripling the minimum wage would be an instant disaster that could completely undermine socialism's credibility. If Obama picks as his priority items things he can't even get through a Democrat Congress, that will be good for us indeed.