Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: NoObamaFightForConservatives
His new New Deal also guarantees a "living wage," with a $10 minimum wage indexed to inflation; and "fair trade" and "fair labor practices," with breaks for "patriot employers" who cow-tow to unions, and sticks for "nonpatriot" companies that don't.

There are too many problems with the whole article or even with just this one sentence to cover them all. By setting the minimum wage at $10, he will price some workers out of a job and force rapid inflation to bring the purchasing power of that $10 down to the market value of the work done by minimum wage workers. Indexing the minimum wage to inflation will prevent the market from correcting for Obama's artificially high wages, leading to stagflation - econgomic stagnation with high inflation. Once you add in forced unionization, the economy will die along with freedom, and we're still nowhere near done with the evil and stupid ideas in the single sentence I quoted.

It will take a miracle from God for our country to survive Obama. [Governor Palin?]

19 posted on 12/18/2008 8:47:40 AM PST by MathDoc (War is Peace. Freedom is Slavery. Ignorance is Strength. Obama is Good.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: MathDoc

Yes, hyperinflation to ruin us to intro globalization and the global povery tax act.


23 posted on 12/18/2008 8:49:45 AM PST by Dubya-M-DeesWent2SyriaStupid!
[ Post Reply | Private Reply | To 19 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson