Putting more money in circulation (higher wages for People who will spend it for necessities) helps the economy grow and is good for the Nation.I've watched ever State of the Union since Kennedy...this last one was more like a State of Denial.
Here’s how Obama solves problems. In the middle of a Recession - Great Depression, he wants to raise the minimum wage by almost $2 per hour.
In the middle of a Great Depression he wants to raise taxes again — only days after he just raised them. In Obama’s world, we raise taxes every few weeks.
In the middle of a Great Depression with our government $100 trillion in debt, he wants to spend money on a long wish list of leftist fairy tales: from early childhood education to infrastructure to green energy to climate change to government employees to redesigning high schools to — get this one — eradicating poverty around the world.
We’re broke with $100 trillion in debt and he’s worried about poverty around the world? One in three Illinois residents lives in poverty. Maybe Obama should worry about his own State before he tackles world poverty.
Obama says we’re seeing progress, we’re in recovery, we have jobs, we have “cleared away the rubble of crisis” and we have a “strong state of the union.” I guess he wants you to forget that the 4th quarter gross domestic product was negative. Our economy is actually in contraction. And 11,000 Americans join the food stamp rolls every day. This isn’t a recovery; it’s an economic disaster.
Obama said jobs are doing better. I guess that depends on your definition of “better.” According to data from Bloomberg, from December 2011 to January 2013, nonfarm payrolls were down by 587,000. During just the past year of Obama’s “recovery,” we lost more than half a million jobs.
With a loss of 587,000 jobs, 8.5 million Americans dropping out of the workforce since Obama became President and the real unemployment number (U-6) at almost 15 percent, did you hear that Obama closed his Jobs Council last week? They hadn’t met in a year. Now that the election is over, he just closed it down. No need to meet at all. Why talk about jobs anymore?
A State of Denial and delusion.
BTW, the $9.00 p.h. won't be reached until 2015 or 2016...I think. Anyway, it's not all at once, immediately. Minimum Wage raises never are, they're gradual.