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Obama calls for raising minimum wage to $9 an hour
Associated Press ^ | Feb 12, 2013 9:19 PM EST | Jim Kuhnhenn

Posted on 02/12/2013 9:07:11 PM PST by Olog-hai

President Barack Obama wants an increase in the minimum hourly wage from the current $7.25 to $9 by the end of 2015. Obama also proposes the minimum wage be required to keep pace with inflation. …

The proposal, which Obama made during his State of the Union address Tuesday, is sure to draw opposition from business groups and congressional Republicans who say higher rates increase costs and reduce employment. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Government; News/Current Events; US: District of Columbia
KEYWORDS: antibusiness; antimanufacturing; liberalagenda; minimumwage; obama
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To: GeronL

“The stock market bears little relation to business.”
____________________________________________

As I have said for some time now...It is no longer your father’s stock market.
It is computers doing the “pump and dump” scam, much to delight of Soros, the Hungarian, and his ilk.


21 posted on 02/12/2013 9:39:46 PM PST by AlexW
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To: lepton

I hate AutoCorrect.


22 posted on 02/12/2013 9:39:46 PM PST by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: Anitius Severinus Boethius

put the working poor into the highest tax bracket!

ha, flat tax.

heh


23 posted on 02/12/2013 9:39:59 PM PST by GeronL (http://asspos.blogspot.com)
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To: kaehurowing

The Illinois governor wants the minimum wage at $ 10.00/hr. If he succeeds it will just put some more kids on the streets, especially from minorities who in turn will peddle dope and when things don’t work out they just shoot up the place and each other and once again we will have Chicago in the lead with the murder rate. And what will they do next? Scream their bloody heads off that we need stricter gun control.


24 posted on 02/12/2013 9:42:14 PM PST by saintgermaine
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To: P-Marlowe

“President Barack Obama wants to Federally bar low skilled workers who cannot yet produce more than nine dollars an hour worth of labor from any employment whatsoever.”

There...corrected for autoCorrect....


25 posted on 02/12/2013 9:43:25 PM PST by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: Olog-hai

President Clueless.


26 posted on 02/12/2013 9:43:37 PM PST by DennisR (Look around - God gives countless, indisputable clues that He does, indeed, exist.)
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To: Olog-hai

Here in North Dakota, you can’t get anyone to work for only $9/hr.


27 posted on 02/12/2013 9:48:18 PM PST by upsdriver ( Palin/West '16)
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To: GeronL

Actually poster that is not to far off.

If they raise the minimum wage to $9 or $10 an hour but do not adjust the tax tables then more lower income people pay taxes. Couple that with a reduction in the work week to increase over time and suddenly a lot more people become tax payers

Of course inflation rises but then the low income people simply ask the government for help which because it is now taxing a greater percentage of the population it can give.

In a sense so tax reforms could go for this as it is a way to spread the tax base to the stupid. If done as a one time deal it would effectively debase the currency which would then stabilize at lower level. So $10 an hour would equal $.50 an hour before but now the $.50 an hour workers would pay income tax.

But I doubt Obama is smart enough to have figured that out


28 posted on 02/12/2013 9:49:14 PM PST by Fai Mao
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To: PGR88

I wonder, if Boehner had the balls to force through the House a bill raising minimum wage to $100/hr, what would the Democrat Senate and Obama do with it? Stand with greedy corporations to deny working Americans a “living wage,” or pass it, knowing the unemployment rate would go to 95% in less than a month?


29 posted on 02/12/2013 9:54:49 PM PST by kevao (.)
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To: Olog-hai
Hmm. San Francisco raised its minimum wage to $10.29/hour and it damaged employment and business in general.

You can tell they're not too upset about that. In the the name of helping the poooor, they price themselves out of hiring very many entry-level workers.

30 posted on 02/12/2013 10:11:10 PM PST by BradyLS (DO NOT FEED THE BEARS!)
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To: Olog-hai

9.00...OK, but why stop there, now that the rules of economic forces no longer apply to the economy...


31 posted on 02/12/2013 10:13:10 PM PST by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: re_nortex
Mark my words. The stock market will drop significantly tomorrow not only for this minimum wage advocacy but for the SOTU overall. Not since FDR has there been a president more at war with business than Zero.

So how does this guy, and Dems generally, draw so much corporate support?

32 posted on 02/12/2013 10:14:56 PM PST by BradyLS (DO NOT FEED THE BEARS!)
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To: Olog-hai

Hey, lets raise minimum wage to one million dollars an hour! We will all be rich?

What could go wrong?


33 posted on 02/12/2013 10:16:20 PM PST by donmeaker (Blunderbuss: A short weapon, ... now superceded in civilized countries by more advanced weaponry.)
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To: Anitius Severinus Boethius; donmeaker

What makes you think the dems wouldn’t vote for it? When companies start laying off it’ll be the corporations’ fault.

don, not long after Beck’s TV show started some black guy suggested giving everyone a million dollars.


34 posted on 02/12/2013 10:21:56 PM PST by Terry Mross (How long before America is gone?)
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To: Olog-hai
Obama calls for raising minimum wage to $9 an hour

Why $9? Why not $15? Or $25?

I know, let's make America a country of millionaires and make the minimum wage $250/hr!? I mean, why should lawyers get that much money when a moron who dropped out and can't sweep floors DOESN'T!?? After all, fair is fair!!



/sarc

35 posted on 02/12/2013 10:25:21 PM PST by DustyMoment (Congress - another name for anti-American criminals!!)
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To: Olog-hai

Republicans have an opening here. They should introduce a bill to raise the minimum wage to $50 an hour, then accuse the Democrats of not wanting working people to have decent wages. The Democrats will be forced to explain why raising it that high will kill jobs. then they’ve made our argument for us. Meanwhile, the GOP makes the Democrats look uncaring nad unfeeling (which they are.)


36 posted on 02/12/2013 10:27:11 PM PST by TBP (Obama lies, Granny dies.)
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To: Vince Ferrer
That will do wonders for the employment situation.


Well, I don't know about you, but I am so relieved that when this passes, people will have enough money to pay their astronomical Obamacare health care cost increases.

Who dares say that Obama is not a genius at these things

37 posted on 02/12/2013 10:33:35 PM PST by rdcbn
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To: Olog-hai; All

Wow, he wants to pay as much as Walmart.


38 posted on 02/12/2013 10:42:30 PM PST by gleeaikin
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To: rdcbn
Well, I don't know about you, but I am so relieved that when this passes, people will have enough money to pay their astronomical Obamacare health care cost increases.

This really benefits the business owners. Obmacare increases their costs per employee, but raising the minimum wage raises the cost per employee. Oh wait, it doesn't benefit them. Well, I guess they will have to lay off more minimum wage people.

39 posted on 02/12/2013 10:49:47 PM PST by Vince Ferrer
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To: AlexW

“Marxist/Leninist life for all, with an onion in every pot.”
And NO MEAT with that onion, comrade! (Borscht, you can have/s;)


40 posted on 02/12/2013 10:56:23 PM PST by Frank_2001
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