Sunday, September 08, 2013

Tiem for More Minimum Wage Scam

When Democrats are in charge                                               




Md. Democrats’ movement to raise minimum wage gains speed as election year looms

Res Ipsa Loquitor

Genetic distribution that cause a person to become and stay a Democrat (or socialist) also render them incapable of understanding basic economics. Undeniable Truth about Democrats #2

Even though I had an Econ minor in college, it was not until I experienced economics at the micro level that I fully appreciated the macroeconomics of minimum wage laws.

Our first home in Maryland was a scant half-mile from the gates of a large Air Force base.  Like most new homeowners we were house poor, counting every penny.  We shopped at a strip mall located opposite the main gate to the base.  Just when we had settled into a spending routine, Congress gave the military a pay raise.  Good on them.  What happened though, was almost simultaneous with that military pay increase came  across the board price increases in everything at the strip mall.  Food, hardware, liquor; everything.  And we noticed it with an acuteness only people who check grocery receipts with groceries as they're put away would. 

Demand and Supply are the Horse and Carriage of  Econ 1.   A fact that Maryland Democrats are incapable of grasping, or even caring about. To them, it's about timely gaming the ignorant class
(as Sandra Day O'Connor describes) of voters with meaningless, but quite harmful bunco.


5 comments:

Anonymous said...

"...timely gaming the ignorant class ...of voters with meaningless, but quite harmful bunco."
Rodg, in French, that's "vote buying"; in German, it's "I kencht feel guht about meineself"

Rodger the Real King of France said...

There is no difference betwixt our current government and the Mexican police forces. Is that what you mean?

Anonymous said...

Mexican police, Mexican government, a rotting body - all corrupt.
Lt. Col. Gen. Tailgunner dick

Anonymous said...

If one takes a close look at the items which have the most significant increases over time, it becomes apparent that the things the government has legislated about increased the most.
fuel
housing
food

Two of the three are NOT included in government inflation indices.

Wonder why? I don't.

tomw

Anonymous said...

Dang. Forgot to add:

Two of the three are targets of the "green" and "AGW" groups. Or maybe all three.

Add it up, on the face it indicates a set of subversives that will destroy the economy, or weaken it, and cause unemployment to rise.

Oh, wait. It has, for the past 5+ years. If 'labor participation rate' was at historic norms, unemployment would be over 10%. Only through futzing the numbers, and the rigged inflation index {no food, no gas}, do we have 'improvement'.
Liars. Serial liars with no compunction about who gets hurt. The more that are insolvent, the more on the government teat and the more that will pull the straight D ticket. On your dime. Heh. Gotcha. Wait until the dollar loses its foreign acceptance as the currency of last resort. It will tank. As planned. See NormPod as noted.
There is need for LIVs to get information about the storm that approaches so they will use their voice to influence D Senators.
BHO must go.
tomw
p.s. NSA, catch me if you can. You likely won't have any trouble. I don't lie.

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