Skip to comments.What's a Million Jobs More or Less When There's So Many Jobs Being Created?
Posted on 02/24/2014 5:58:23 AM PST by Kaslin
Remember: We actually pay people to report on stuff like this.
The Congressional Budget Office (CBO), while not exactly non-partisan, doesnt always see eye to eye with either party in D.C.
Yes, sometimes the effects of proposed Democrat economic policies are so obvious that even the CBO is forced to agree with Republicans.
The CBO just reported that the Democrats plan to raise the minimum wage would cost between 500,00 to a million jobs. Initially.
At least that many jobs; really, probably more.
The CBO analysts said their estimate of employment losses was approximate, says Fox News. They said the actual impact could range from a very slight employment reduction to a loss of one million workers.
These are the same economic clowns who put that bright red nose on Obamacare telling us all that it would balance the budget, bring peace to the Middle East, and provide free birth control for Sandra Fluke.
Getting past the fact that I personally know of at least seven people who have told me theyd privately pay for Flukes birth control if it meant shed never become part of a breeding pair, the clowns were recently forced to update their Obamacare estimates saying, well, gee guys: Obamacare is going to cost a lot of jobs.
How many? 2.5 million. Initially.
Initially is a big point with any Obama policy.
Because it always seems that those initial estimates by the CBO of the economic consequences of an Obama policy are much rosier than the reality.
With current unemployed, plus those who have dropped out of the workforce, plus the jobs killed by Keystone inaction, plus Obamacare job casualties, plus the war on energy like coal, there are between 6 and 8 million people without jobs, who in other circumstances might have work as of now.
And the reality of any Obama policy is usually postponed until after Obamas out of office.
You think things are bad now?
Dont worry, youll clean up later, when that number hits 10-15 million people.
After he leaves.
Who's the clown in charge of this economy anyway?
The report was released as the Democrat-controlled Senate, writes Fox, prepares to debate an Obama-backed proposal to gradually increase the $7.25 hourly minimum wage to $10.10 by 2016.
So we have the satisfaction of knowing that at a time when the private sector is struggling to create jobs, Obama will guarantee it will get harder for them rather than easier.
Again. And Again. And Again.
And make no mistake: for all the benefit this will give some people, there are real people who will lose their jobs as a consequence. Small businesses will shutdown, with devastating consequences to owners and employees. Some small businesses wont start at all as a result because owners will have a tougher time making the financing work with increased wage costs.
This is a slippery slope that could absolutely cause me to shut down and force me into bankruptcy, Charlene Conway owner of Carousel Family Fun Centers in Fairhaven and Whitman, Mass. told the New York Times.
Im not going to pay a 14-year-old $9 an hour with no experience, maturity or work ethic, she said. What this does is eliminate the opportunity for young people to get started in the work force, with her now hiring older people instead of young people for jobs.
Is it worth it for gains many say are illusory or at least questionable?
Hundreds of thousands of low-skill workers are trying to find a job but cant, Michael Strain, a labor economist with the American Enterprise Institute, writes at NRO. Is it really the right time to raise the cost of hiring and make it harder for businesses to hire them? Some studies say a higher minimum wage will lower employment; some say employment will remain unchanged. Shouldnt we err on the side of caution?
Caution? For Obama?
Why in the world would he ever exercise caution?
He wont have to clean up after himself.
He never does.
Remember: We pay him to do stuff like this.
Whenever the Administration needs some positive numbers news, they just SWAG it. They have done it so many times that they no longer need the petroleum jelly.
They just make up a number. Who is going to challenge them? Certainly not the media. Probably not the Republicans.
Need a number? SWAG it. Make it up.
That sure is a lot of poets.
I caught a graphic on FoxNews earlier this morning that Sebelius is now claiming the ‘needed 7 million enrollees’ for Obamacare by the end of February wasn’t really a standard they were aiming at.
The Obama Admin just grab numbers out of the air to fit the occasion.