7 MILLION people died during the "Great Depression"... Today 7 MILLION people have run out of Unemployment Benefits... (legal, deaths)
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Just read or watch "The Grapes of Wrath" for sufficient illustration of the plight of the poor in a welfare free system. In their case the "Free Market" as directed by the "invisible hand (of Mammon)" decided these people were unneeded and dumped them out of the system. The Free Market does not care about humans and will let them starve if they are not needed. Sometimes the people will be left to starve to death.
I am not the kindest or most moral of men but I DO NOT WANT TO BE PART OF SUCH AN INDEFFERENT SYSTEM! NOT NOW! NOT EVER!
If providing insurance against these calamities costs me money in taxes or higher prices it is money well spent. This insurance protects ALL of us.
Actually, it was the fault of the democratic controlled congress who came back into power in 2006. The Raise in the federal minimum wage starting in 2007 is where the fall began.
You can argue it as much as you want, but every single economic indicator and every single piece of information shows that in 2007 when the minimum wage changed, is when prices started to alter dramatically and minimum wage jobs started laying off teenagers and other workers. It accelerated in 2008 and in 2009 each year, wages went up, unemployment went up almost immediately and the costs of goods and services went up.
President Bush saw unemployment rise from 4.0 to 6.0 during the first few years in office, and then drop back down. The MONTH in 2007 that the first minimum wage increase went through, the unemployment went from 4.4% to 4.6%. It kept climbing slowly up to 5.4% and the very next minimum wage increase jumped the unemployment .4% within 2 months. At that point and time unemployment kept steadily rising to app 10% in Jan 2010.
You want to thank someone for the unemployment and high prices, thank Nancy Pelosi and Harry Reid.
So you're saying raising the Minimum Wage raised the Unemployment Rate... Who would take a pay cut?...
Actually, it was the fault of the democratic controlled congress who came back into power in 2006. The Raise in the federal minimum wage starting in 2007 is where the fall began.
If you're going to try and speak like an expert, at least get the numbers right. Democrats regained control in 2007, not 2006. And, perhaps you didn't see an economic debacle coming until it arrived, many of us did a few years ahead of time. Do you seriously believe that the economy was going strong before 2007?
You mean the liberal policies of G. W. Bush in 2008?...
So again, you want to blame Bush for all of this? This is exactly what is driving so many nuts, the liberals think everything is Bush's fault. They can not accept these situations take years to develop...
The Unemployment Rate ran up during the last months of Cheney/Bush... How's the GOP/Tea Party dealing with Unemployment?... Tax cuts for the rich?... Cutting programs?... Clinton hiked the tax rate 3% and the economy boomed... Just like when the tax cuts will expire in 2012... The economy will recover and jobs will be created...
thank you for that: When Bush/Cheney left office the rate was 7.1%. What was it a year later?
So again, you want to blame Bush for all of this? This is exactly what is driving so many nuts, the liberals think everything is Bush's fault. They can not accept these situations take years to develop...
thank you for that: When Bush/Cheney left office the rate was 7.1%. What was it a year later?
Nita
How was the economy trending? Do you think economy collapses after unemployment rate reaches the bottom? Do you also believe that unemployment rate is the leads economic recovery? Were you one of those who was mocking many economists who (correctly) predicted a pending disaster out of the credit/housing bubble in 2004-2005 if not earlier?
I don't see any Republicans repealing NAFTA... They're enforcing it... They even hire illegals...
Hiring illegals and buying products from Mexico are two totally differnet things. Now, you are holding the Republicans responsible for hiring illegals, are you saying Democrats never do and if so, where are you getting your facts?
I believe it is our present government that would love to see total amnesty.
So you're saying raising the Minimum Wage raised the Unemployment Rate... Who would take a pay cut?...
I am not saying it raised the unemployment rate, I said,
Quote:
You can argue it as much as you want, but every single economic indicator and every single piece of information shows that in 2007 when the minimum wage changed, is when prices started to alter dramatically and minimum wage jobs started laying off teenagers and other workers. It accelerated in 2008 and in 2009 each year, wages went up, unemployment went up almost immediately and the costs of goods and services went up.
BTW, to add insult to injury, consider this.
Everyone who was already making more than minimum wage, if when the minimum was raised, they did not receive an increase in wages equal in percentage to the increase in minimum wage, then their wages were artificially deflated, as the costs and good and services went up appropriately, their wages remained unchanged, thus reducing their buying power.
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