"Knowledge will forever govern ignorance

 and a people who mean to be their own governors

 must arm themselves with the power which knowledge gives."

Thursday, November 17, 2005

Great Moments in Liberal Economics

Best of The Web Today

"The purchasing power of minimum wage is at an historic low. Coupled with the relatively high cost of living in New Jersey, the state's lower income workers are being pushed to the brink. Acting Governor [Richard] Codey believes all New Jerseyans deserve the fair proposition that an honest day's work should garner a living wage. Moreover, there is strong evidence that increasing the minimum wage also significantly improves quality of life--reducing hunger and increasing healthcare."--"State of the State Highlights," New Jersey government Web site, Jan. 11

"Several senior citizens working in non-profit and public organizations in Salem, Cumberland and Gloucester counties will face layoffs in December. Chris Davenport, executive director of Salem Main Street program, said the federally funded non-profit company Experience Works, which assists low-income senior citizens with job training and placement, has been forced to lay off seniors due to the increase in minimum wage."--Today's Sunbeam (Salem, N.J.), Nov. 17



8 Comments:

At 10:16 AM, Blogger terryp said...

Remind us again how many net private sector jobs have been created in this country in the last 5 years? You don't need to look it up. It's zero.

You bitch about the minimum wage, which doesn't even keep up with the cost of living increases. Sounds like you'd like us to revert to a time when the country had no middle class. No thanks. Plenty of other countries have that - feel free to take your pick if that's what you want, but we're different. We lift up all people, not just the wealthy.

 
At 10:39 AM, Blogger Eric Blair said...

Gee terry, why don't you get your facts from somebody besides Move on.org and the DNC.

And this country has always had a large middle class. ALWAYS. You can't find a time when this country didn't.

And back up your assertion that no jobs have been created. 5% unemployement and some how there are no jobs.

Obviously you don't remember Jimmy Carter's presidency and 9% unemployment.

 
At 1:00 PM, Blogger terryp said...

No NET private sector jobs in 5 years. Read. You need to CREATE new jobs just to keep up with the increasing population. We haven't done that. And the unemployment rate doesn't include everyone without a job. You sound like an economist - look up the definition of unemployed. The unemployment rate could be zero and there could still be tens of millions of people out of work.

 
At 2:49 PM, Blogger Counter Trey said...

Terryp,
You are being disingenuous. Plenty of jobs have been created since Bush pulled the country out of the Clinton recession. Look it up.

 
At 10:53 AM, Blogger Media In Trouble said...

Clinton recession?
HA!

That is a beauty!

Last I checked CLinton was the only president who had balanced the budget EVER. The Economy grew at record rates during his presidency.

PAH LEAAZ

 
At 8:09 PM, Blogger terryp said...

countertrey,

I haven't taken economics courses in a few years now. They must have changed the definition of recession from what I learned it was to "when the economy creates tens of millions of jobs, unemployment and poverty drop, and the stock market does extremely well." Thanks for correcting me. It's clear that this administration is taking economic policy advice from brilliant minds like yours.

 
At 12:31 PM, Blogger Tennyg said...

Where are you, the stock market isn't "DOING WELL". The poverty level has gone up leaving many more people below this line. You must be looking through the rose colored glasses supplied by our current president. With high paying jobs by the boat load being exported daily, and being replaced with your newly created lower paying jobs with few or no benefits where does a person go to take advantage of the promis we as a country make of anequl oppurtunity for all...

 
At 2:50 PM, Blogger nightfly said...

Actually, the budget was balanced a couple of times under Nixon, and if memory serves, Eisenhower's administration ran in the black once.

 

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