To symbolize the reaction of the tragic shooting at the Washington Navy Yard, I chosed a rendition of a famous painting of a praying Gen. George Washington.
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Updated: October 19, 2013 6:46PM
Republican lies on raising the minimum wage
The closest you can get the Republican Party to the truth is when they can twist and manipulate it to their advantage. This is what they have done when it comes to the minimum wage.
The typical Republican party response is that an increase in the minimum wage will cost jobs. If you go back to 1950 and look at the three years after each minimum wage increase, the number of years when unemployment went up outnumber the years when unemployment went down by a slim margin. However, once you remove the years of intentional government-induced economic slowdowns, then 84 percent of the time an increase in the minimum wage significantly reduced unemployment by stimulating the economy.
The other Republican Party lie is that we can’t afford an increase in the minimum wage. Corporate profits as a percentage of GDP are at an historical high point while employee compensation as a percentage of GDP is at its lowest point since 1955. Since March of 2008, GDP has risen by 12 percent while corporate profits have risen by 48 percent. Corporate investment in the U.S. is at a 30-year low while U.S. overseas investment is at a record high. Corporations are sitting on record-setting amounts of free idle cash and corporate profits have never been higher.This is just the tip of the iceberg that floats in the sea of Republican Party deception.
With over 50 million people living in poverty in the U.S. and with more than half of them coming from working families, a $15.00 minimum wage would reduce our poverty rate by more than half overnight. If we were to limit that minimum wage increase to the multi-billion dollar fast food and retail corporations that could easily afford it, we could still reduce poverty my more than 10 million people overnight with the President’s signature. The reduction in poverty-related government expenses with the increase in government revenues could eliminate our national debt within 10 years and probably sooner.
Franklin Roosevelt once said: “We have come to the clear realization that true individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made.” The Republican Party is becoming that dictatorship.
Michael J. McGregor