jahbrudda
Well-Known Member
Who are you going to believe, 500 economists and the CBO or a man who's never even ran a lemonade stand.
Small businesses make up 65% of all domestic employment, only 34% of small businesses survive 10 years.
These companies are not the big evil corporations Mr Obama likes to pit us against, they're not the 1% that progressives occupied, they're the hard working risk takers, they're the backbone of our economy and the president is waging a war against them.
Is Obama really this inexperienced and naive or is he calculated, cunning and planing a future US economic meltdown to claim, only the government can fix it.
Four Nobel Laureates and Three Wisconsin Economists Sign Letter
March 14, 2014
More than 500 economists from across the country signed a letter to President Obama and members of Congress urging them to scrap their plan to raise the federal minimum wage to $10.10 an hour.
The letter signees, including four Nobel laureates, argued raising the minimum wage would hurt the economy and kill jobs. They agreed with findings from the non-partisan Congressional Budget Office that said 500,000 jobs would be eliminated under the proposed wage hike.
"According to CBO, raising the federal minimum wage to $10.10 per hour would cost the economy 500,000 jobs by 2016. Many of these jobs are held by entry-level workers with limited experience or vocational skills, the very employees meant to be helped," the letter reads.http://www.maciverinstitute.com/2014/03/more-than-500-economists-denounce-minimum-wage-hike-in-letter-to-washington/
Small businesses make up 65% of all domestic employment, only 34% of small businesses survive 10 years.
These companies are not the big evil corporations Mr Obama likes to pit us against, they're not the 1% that progressives occupied, they're the hard working risk takers, they're the backbone of our economy and the president is waging a war against them.
Is Obama really this inexperienced and naive or is he calculated, cunning and planing a future US economic meltdown to claim, only the government can fix it.
Four Nobel Laureates and Three Wisconsin Economists Sign Letter
March 14, 2014
More than 500 economists from across the country signed a letter to President Obama and members of Congress urging them to scrap their plan to raise the federal minimum wage to $10.10 an hour.
The letter signees, including four Nobel laureates, argued raising the minimum wage would hurt the economy and kill jobs. They agreed with findings from the non-partisan Congressional Budget Office that said 500,000 jobs would be eliminated under the proposed wage hike.
"According to CBO, raising the federal minimum wage to $10.10 per hour would cost the economy 500,000 jobs by 2016. Many of these jobs are held by entry-level workers with limited experience or vocational skills, the very employees meant to be helped," the letter reads.http://www.maciverinstitute.com/2014/03/more-than-500-economists-denounce-minimum-wage-hike-in-letter-to-washington/
