American Elephants


Promise Goes A-Glimmering If You Don’t Grasp the Basics of Economics and History. by The Elephant's Child

IN an important article at The Federalist, John Gibbs offers a different view of the racial division in the country.

My view of America is that we are a place of great promise and opportunity, where someone like me, who is the grandchild of illiterate black Southern sharecroppers, can achieve success and reach the American dream. We are a place occupied by fair-minded, hard-working people whose culture and values have built a nation that is the envy of the world. I am proud to be a part of that culture.

Our Founders, while imperfect and a product of their times, were visionary heroes who made hard choices and compromises to give us the successful system we have today. Because Americans are good, we’ve worked hard over time to right the wrongs in our society that our Founding Fathers could not eliminate in their time. In summary, we are a fundamentally decent people blessed to live in a phenomenal land with a rich heritage.

But not so for President Obama. His view of our nation seems to be very different than mine and that of many other Americans. I believe that when President Obama thinks of America, more so than a place of hope or opportunity, he thinks of a place where racist white Christian fundamentalists came here from Europe, committed genocide against Native Americans, enslaved and segregated black people, denied women, gays, and other minorities their rights, and used capitalism and a rigged legal system to oppress poor people for centuries. He also believes this is still continuing today.

Do read the whole thing.

Zero Hedge chimes in again with some interesting data points from last week’s June Employment Report. The mid year burst of minimum-wage increases scheduled for July 1st when minimum wages will rise in 15 places: two states—Maryland and Oregon, plus Washington D.C., Los Angeles County and eleven cities, including Chicago, eight cities in California and two in Kentucky, shows what happens when the Left manages to increase the minimum wage. Unemployment for young black males increases sharply.

blackteenMilton Friedman explained may years ago:

The minimum wage law is most properly described as a law saying that employers must discriminate against people who have low skills. That’s what the law says. The law says that here’s a man who has a skill that would justify a wage of $5 or $6 per hour (adjusted for today), but you may not employ him, it’s illegal, because if you employ him you must pay him $7.25 per hour. So what’s the result? To employ him at $7.25 per hour is to engage in charity. There’s nothing wrong with charity. But most employers are not in the position to engage in that kind of charity. Thus, the consequences of minimum wage laws have been almost wholly bad. We have increased unemployment and increased poverty.

Moreover, the effects have been concentrated on the groups that the do-gooders would most like to help. The people who have been hurt most by the minimum wage laws are the blacks. I have often said that the most anti-black law on the books of this land is the minimum wage law.

 


Leave a Comment so far
Leave a comment



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



%d bloggers like this: