2016 Postmortem

pnwmom

(109,000 posts) Sat Jun 16, 2012, 04:49 PM Jun 2012

Too bad Obama can't raise the minimum wage by fiat. That would pump a lot of money into the economy.

Maybe it's time for another bill in Congress, even if it can't win -- just to remind working people who's on their side.

7 replies

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Too bad Obama can't raise the minimum wage by fiat. That would pump a lot of money into the economy. (Original Post) pnwmom Jun 2012 OP

He should do it in the name of national security. Or any loophole... Comrade_McKenzie Jun 2012 #1

Regarding Congress - a bill was introduced this past week Tx4obama Jun 2012 #2

Too bad Obama sold the Dems down the river.... lib2DaBone Jun 2012 #3

Do you mean you want President Obama to intern Japanese people? One of the 99 Jun 2012 #4

Yeah, right. You're not complaining or bashing, just comparing him to Bush. pnwmom Jun 2012 #5

Um, he campaigned on the Afghan surge. joshcryer Jun 2012 #7

Any economic measure taken by fiat usually ends up in disaster jeanV Jun 2012 #6

Comrade_McKenzie

(2,526 posts)

1. He should do it in the name of national security. Or any loophole...

Reply to pnwmom (Original post)

Sat Jun 16, 2012, 04:52 PM

Jun 2012

I think we could look the other way.

Tx4obama

(36,974 posts)

2. Regarding Congress - a bill was introduced this past week

Reply to pnwmom (Original post)

Sat Jun 16, 2012, 05:56 PM

Jun 2012

Thursday, June 7, 2012

House Dems propose $10 per hour minimum wage

A group of Democrats in the U.S. House of Representatives proposed this week a bill that would raise the nation’s minimum wage from $7.25 to $10 per hour, which they say will help consumer purchasing power catch up to the rate of inflation since the late 1960s.

It’s primary sponsor, Rep. Jesse Jackson, Jr. (D-IL), is even calling the bill “The Catching Up to 1968 Act.” Jackson explained in prepared text that it “may sound like a hefty wage increase but it doesn’t fully equal the purchasing power of the minimum wage in 1968 – which today would be closer to $11 per hour. The bill is really only allowing American workers a degree of ‘catch-up.’”

-snip-

http://www.rawstory.com/rs/2012/06/07/house-dems-propose-10-per-hour-minimum-wage/

June 6, 2012

Jesse Jackson Jr. Wants To Raise Minimum Wage To $10

CHICAGO (AP) — U.S. Rep. Jesse Jackson Jr. has written legislation for the U.S. House that would increase the minimum wage to $10 per hour.

Jackson says he will introduce the bill Wednesday in Washington. Under his proposal, the federal minimum wage would increase $2.75 per hour. The federal minimum wage has been $7.25 since 2007.

-snip-

http://chicago.cbslocal.com/2012/06/06/jesse-jackson-jr-wants-to-raise-minimum-wage-to-10/

lib2DaBone

(8,124 posts)

3. Too bad Obama sold the Dems down the river....

Reply to pnwmom (Original post)

Sat Jun 16, 2012, 07:34 PM

Jun 2012

We thought (or hoped) we were getting an FDR , and we got GWB Lite.

After NDAA and the Afghan Surge.. even the "Lite" designation faded away.

Not complaining.. not bashing Obama... just saying..... I will vote for him... but I don't expect much change this time.

One of the 99

(2,280 posts)

4. Do you mean you want President Obama to intern Japanese people?

Reply to lib2DaBone (Reply #3)

Sun Jun 17, 2012, 01:00 AM

Jun 2012

Turn his back on civil rights for blacks? Make Social Security available to only a limited number of workers?

FDR was a great president, but he wasn't the liberal or progressive icon that most here seem to think he was. Most of his programs took years to implement, and he had much greater majorities in Congress. Many on the left accused FDR of betraying progressive ideals by making 65 the age for SS and but limiting who it covered. Everyone needs to read a little history and get some perspective.

pnwmom

(109,000 posts)

5. Yeah, right. You're not complaining or bashing, just comparing him to Bush.

Reply to lib2DaBone (Reply #3)

Sun Jun 17, 2012, 02:16 AM

Jun 2012

Did Bush support health insurance for all?
Did he support gay rights and end DADT? Did he refuse to support DOMA?
Did he support women's issues? Equal pay? Contraception? Abortion?
Did he get us out of Iraq?
Did he get BinLaden or did he use him as an excuse to wage his wars?
And what did you think about those Supreme Court Justices Bush appointed? You think they are on the same level as the ones appointed by Obama?

And what about Congress? Obama's never enjoyed a Senate majority large enough to stop the Republicans' unending filibusters -- a tactic they never tried with a white President. Do you really not get how much racism is behind the Republican hate?

And FDR was a 3 term President, yet you're comparing his accomplishments to Obama after 3 and a half years. Guess you think that's fair, too.

joshcryer

(62,277 posts)

7. Um, he campaigned on the Afghan surge.

Reply to lib2DaBone (Reply #3)

Sun Jun 17, 2012, 09:01 AM

Jun 2012

He's promised not to enforce NDAA on American citizens.

jeanV

(69 posts)

6. Any economic measure taken by fiat usually ends up in disaster

Reply to pnwmom (Original post)

Sun Jun 17, 2012, 08:16 AM

Jun 2012

Too bad Obama can't raise the minimum wage by fiat.

Economics 101: when you raise the minimum wage by fiat, you create one or more of the following:

- unemployment (people with no qualification find it harder to fit in)
- inflation (production costs rise)
- loss of competitiveness (=increased imports = increased deficits)

Social measures that could work would be to stop the race at the lowest taxation rate on capital through international negociation, and reinvesting tax earnings in future building measures: infrastructures, education, etc..

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