Filed under: Capitalism, Democrat Corruption, Economy, Energy, Environment, Freedom, Politics, Regulation | Tags: Creating Jobs 101, Destroying Jobs, Not An Administration Skill
President Barack Obama’s approval rates are at record lows. Only 26 percent approve of ObamaCare, and Democrats running for re-election have been trying to disassociate themselves from the law as much as possible.
They need a new agenda, and think they have discovered it in rising inequality. Obama has laid out an array of populist proposals: more unemployment insurance, raising the federal minimum wage, giving women “equal pay for equal work”, a perennial favorite already in the law, ignored in the White House—where female staffers are not paid as well as male staffers.
The theory is that Republicans who are vulnerable at the polls can be forced to join them on these poll-tested issues. It’s good old class warfare, always a winner in desperate situations. But this time it doesn’t seem to be working. People want jobs, not another handout. We are six years into an Obama “recovery” and people still need extensions on their unemployment insurance.
Obama has curiously mastered the art of killing more jobs with every attempt to increase employment. He promotes a national group of manufacturing hubs, as an excellent way to create jobs, but none have gotten off the ground, in spite of taxpayer money invested. At the same time, the EPA continues to shut down coal-fired power stations—killing thousands of jobs.
Vice President Joe Biden did the weekly address while Obama was in Brussels, and began by stating:
There’s no reason in the world why an American working 40 hours a week has to live in poverty. But right now a worker earning the federal minimum wage makes about $14,500 a year. And you all know that’s incredibly hard for an individual to live on, let alone raise a family on.
The minimum wage is a “starter wage” for those who have no skills to offer an employer, but have to learn how to work. The federal poverty level for an individual is $11,670, and someone earning the current federal minimum wage earns more than the federal poverty level. Biden added:
The big difference between giving a raise in the minimum wage instead of a tax break to the very wealthy is the minimum wage worker will go out and spend every penny of it because they’re living on the edge. They’ll spend it in the local economy. They need it to pay their electric bill, put gas in their automobile, to buy fundamental necessities. And this generates economic growth in their communities.
So give money to the poor, vilify the wealthy, because the poor paying their electric bill will stimulate the economy, but the rich building businesses and hiring more workers will not. There’s the reason why we are in the sixth year of the Obama “recovery” spelled out. Add hundreds of regulations that increase the cost of building businesses and hiring workers, demonstrate with improper use of the IRS that businesses that do not toe the line will be audited, inspected by the ATF, perhaps raided by a SWAT team, and your business practices or your inventory confiscated by the Justice department.
There are enormous numbers of jobs waiting for the president to approve the Keystone XL pipeline, to O.K. the export of liquified natural gas to a needy Europe, and the EPA continues its path of destruction through the entire American economy, and nobody is supposed to notice that they not only kill jobs, but make companies reluctant to take the risk of expanding or hiring.
Kim Strassel, writing in the Wall Street Journal notes that:
Democrats have also become embarrassingly obvious, talking openly of how this agenda was devised not to help Americans, but to punish Republicans and rally the base. The New York Times’s Wednesday headline baldly read, “Democrats, As Part of Midterm Strategy, to Schedule Votes on Pocketbook Issues,” and quoted Sen. Chuck Schumer promising the vote would “mute” complaints about ObamaCare. Subtle, dudes. …
Democrats aren’t backing off; they are all-in for inequality, and they’re betting that a few more dedicated weeks of hammering Republicans as callous will force some movement. Maybe. But for now Americans seem unconvinced that any of their top concerns—a stalled economy, their health-care woes, the U.S.’s humiliation abroad, government dysfunction, soaring debt—are the result of “inequality.” Their president is talking past them.