Obama Zombies: How the Obama Machine Brainwashed My Generation by Jason Mattera

Author:Jason Mattera
Language: eng
Format: mobi, epub
Tags: Current Events, Non-Fiction, Political Science
ISBN: 9781439172070
Publisher: Simon & Schuster
Published: 2010-03-30T04:00:00+00:00

7

The Economic Igor

The Five Economic Lies Liberals Tell and Sell to Obama Zombies in Training

In the left's magical land, the laws of supply and demand don't exist. They think that they can just wave a wand and give everyone more money without any consequences. It doesn't work like that. Liberals portray themselves as helping the little guy, helping families, but in reality, liberals help the little guy all right . . . they help him stay little!

The liberal machine tells at least five economic whoppers to hoodwink Obama Zombies in training. So let's start with one of the biggies: the Virtues of the Minimum Wage.

Liberal support for having and raising the minimum wage is ubiquitous. As of July 2009, the minimum wage--varying in each state--is federally at $7.25. During the campaign trail, Obama promised to raise the minimum wage even further, to $9.50 an hour, which means that in the last five years, the minimum wage would have skyrocketed 85 percent.1 That's all a cause of celebration for the left. They view it as helping "working families" and the "poor." For the late senator Ted Kennedy, it was one of his trademark issues. He famously erupted at conservatives in the Senate for trying to block increases to the minimum wage; Kennedy accused them of tampering with the economic prosperity of others.

And as Politico noted, the minimum-wage issue is specifically messaged toward younger people: "Through events on the Hill, visits to college campuses and regional conference calls to college newspaper editors, majority leaders in Congress are working to convince this potentially powerful voting bloc that they're delivering on a youth agenda."2 Liberals on Capitol Hill emphasize the increase in the minimum wage as part of their youth outreach, Politico added, because it "disproportionately affects young workers." It is a message that Obama continues during his failed presidency. At a Labor Day speech in Cincinnati, he praised much of the "labor movement" for, among other things, the minimum wage, which makes our "economy the envy of the world."3

The Zombie is especially susceptible to the minimum-wage talk. It's all emotion and no substance. The Zombie thinks to himself, If we only raise the minimum wage higher for workers who are trying to feed their family of six, then we can increase their standard of living. This family will now have bread to feed themselves!

First off, most people on the minimum wage are young, usually teenagers. The families of four or six are statistically the exception. But what these do-gooders fail to grasp is that artificially raising wages comes at a cost to the worker, and that cost, especially during hard economic times, is getting fired. Raising the minimum wage hurts low-income workers, forfeits jobs, and negatively impacts the American economy. Minimum-wage jobs are entry points in the job market. Even though they try, liberals can't escape basic economics: There's an inverse relationship between price and demand, which means that the more expensive it is to employ workers, the fewer of them there will be.

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