Filed under: Capitalism, Economy, Foreign Policy, Iran, Progressivism, Regulation, Russia | Tags: Crisis in Ukraine, Obama Campaigns, Russia Moves In
President Obama, focused like a laser beam on the crisis in the Ukraine, hits the campaign trail to pitch an increase in the minimum wage. He will appear with four Democrat governors from New England on Wednesday in Connecticut to boost his uphill fight to get Congress to approve an increase in the federal minimum wage.
His 2015 budget proposal will be released on Tuesday, calling for increased spending on manufacturing and early childhood education as well as hiking the federal minimum wage from $7.25 to $10.10, theoretically redistributing income, but mostly destroying more jobs — in this case an estimated 2,500,000 jobs. We already have 7.8 million people working part-time who want full time jobs. Raising the minimum wage will put a lot more on part-time (ObamaCare regulations) and fulfill only the president’s fantasy of redistributing income.
The Democrats aren’t going to be able to run on the economy this fall. They won’t be able to run on increasing employment opportunities, nor on foreign policy, but by golly, there’s always the minimum wage. That’s the only thing they have to campaign on. If employers don’t just say the hell with it and purchase robots, tablet menus, or automated check out machines, they can always move to a state where business is more welcome.
You can trust Obama to always inadvertently come up with another way to kill jobs.