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What happened to all of the doom and gloom economic threads?

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in theory

if 20 peeps earn min wage at place X, have it raised.....their incomes go up

in REAL WORLD

when min wage goes up, a bunch of em are laid off and INCOMES GO DOWN



but LIBZ are happy cause they can tell the COLOREDS we dun did good four yo:D

and the MOFO coloreds are so stew pids

they believez da LIBZ
 
Poster_Work_Sucks_300.png
 
vetteman said:
Libs have no clue about real life. They know about how it should be, not how it is.
Click to expand...


So Republicans want to eliminate minimum wage which will cause millions more low-income working Americans to qualify for benefits. Then once that happens Republicans want to take away their benefits.

Republicans are staunchly against class warfare though so I must be missing something here.
 
White House’s Laughable Claim: GDP Will Jump From 1.8% To 5.4% If We Pass Amnesty…




They love insulting our intelligence.:cool:

Via Washington Examiner:


A fight has erupted over the costs of granting amnesty to the estimated 11 million illegal immigrants in America, with the White House claiming the cash benefits to the Treasury are huge and will slash the deficit, and critics showing it will cost Americans more and increase the deficit.

The White House late Thursday dispatched an email to President Obama’s campaign supporters that provided a video claiming that immigration reform will result in a 5.4 percent growth in GDP as “highly skilled” workers and “entrepreneurs” add to the country’s economic base. No mention was made of low-skilled workers, the bulk of illegal immigrants in the country.

“Here’s one of the best things about immigration reform: It’s going to make our economy a lot stronger,” said the White House. “Not enough people are talking about the economic benefits of immigration reform, but it’s exactly the conversation that will help us win the national debate on this issue.”
 
IWFTHAG said:
White House’s Laughable Claim: GDP Will Jump From 1.8% To 5.4% If We Pass Amnesty…


They love insulting our intelligence.:cool:
Click to expand...


No, the CBO claimed that immigration reform will boost GDP by 3.3% in ten years and +5.4% in twenty years. The conservative American Action Forum just released a study saying that the immigration reform bill will increase per capita income by $1,700.

The immigration reform bill is by far the biggest pro-growth item on Congress' agenda today.
 
I don't past many articles on Lit but Robert Brooks' insight is just so remarkable. This read is worth your 2 minutes.


Pass the Bill!
By DAVID BROOKS
Published: July 11, 2013

It’s beginning to look as though we’re not going to get an immigration reform law this year. House Republicans are moving in a direction that will probably be unacceptable to the Senate majority and the White House. Conservative commentators like my friends Bill Kristol and Rich Lowry are arguing that the status quo is better than the comprehensive approach passed by the Senate. The whole effort is in peril.

This could be a tragedy for the country and political suicide for Republicans, especially because the conservative arguments against the comprehensive approach are not compelling.

After all, the Senate bill fulfills the four biggest conservative objectives. Conservatives say they want economic growth. The Senate immigration bill is the biggest pro-growth item on the agenda today. Based on estimates from the Congressional Budget Office, the Senate bill would increase the gross domestic product by 3.3 percent by 2023 and by 5.4 percent by 2033. A separate study by the American Action Forum found that it would increase per capita income by $1,700 after 10 years.

Conservatives say they want to bring down debt. According to government estimates, the Senate bill would reduce federal deficits by up to $850 billion over the next 20 years. The Senate bill reduces the 75-year Social Security fund shortfall by half-a-trillion dollars.

Conservatives say they want to reduce illegal immigration. The Senate bill spends huge amounts of money to secure the border. According to the C.B.O., the bill would reduce illegal immigration by somewhere between 33 percent to 50 percent. True, it would not totally eliminate illegal immigration, but it would do a lot better than current law, which reduces illegal immigration by 0 percent.

Conservatives say they want to avoid a European-style demographic collapse. But without more immigrants, and the higher fertility rates they bring, that is exactly what the U.S. faces. Plus, this bill radically increases the number of high-skilled immigrants. It takes millions of long-term resident families out of the shadows so they can lead more mainstream lives.

These are all gigantic benefits. They are like Himalayan peaks compared with the foothill-size complaints conservatives are lodging.

The first conservative complaint is that, as Kristol and Lowry put it, “the enforcement provisions are riddled with exceptions, loopholes and waivers.” If Obama can waive the parts of Obamacare he finds inconvenient, why won’t he end up waiving a requirement for the use of E-Verify.

There’s some truth to this critique, and maybe the House should pass a version of the Senate bill that has fewer waivers and loopholes. But, at some point, this argument just becomes an excuse to oppose every piece of legislation, ever. All legislation allows the executive branch to have some discretion. It’s always possible to imagine ways in which a law may be distorted in violation of its intent. But if you are going to use that logic to oppose something, you are going to end up opposing tax reform, welfare reform, the Civil Rights Act and everything else.

The second conservative complaint is that the bill would flood the country with more low-skilled workers, driving down wages. This is an argument borrowed from the reactionary left, and it shows. In the first place, the recent research suggests that increased immigration drives down wages far less than expected. Low-skilled immigrants don’t directly compete with the native-born. They do entry-level work, create wealth and push natives into better jobs.

Furthermore, conservatives are not supposed to take a static, protectionist view of economics. They’re not supposed to believe that growth can be created or even preserved if government protects favored groups from competition. Conservatives are supposed to believe in the logic of capitalism; that if you encourage the movement of goods, ideas and people, then you increase dynamism, you increase creative destruction and you end up creating more wealth that improves lives over all.

The final conservative point of opposition is a political one. Republicans should not try to win back lower-middle-class voters with immigration reform; they should do it with a working-class agenda.

This argument would be slightly plausible if Republicans had even a hint of such an agenda, but they don’t. Even then it would fail. Before Asians, Hispanics and all the other groups can be won with economic plans, they need to feel respected and understood by the G.O.P. They need to feel that Republicans respect their ethnic and cultural identity. If Republicans reject immigration reform, that will be a giant sign of disrespect, and nothing else Republicans say will even be heard.

Whether this bill passes or not, this country is heading toward a multiethnic future. Republicans can either shape that future in a conservative direction or, as I’ve tried to argue, they can become the receding roar of a white America that is never coming back.

That’s what’s at stake.
Click to expand...
 
mercury14 said:
No, the CBO claimed that immigration reform will boost GDP by 3.3% in ten years and +5.4% in twenty years. The conservative American Action Forum just released a study saying that the immigration reform bill will increase per capita income by $1,700.

The immigration reform bill is by far the biggest pro-growth item on Congress' agenda today.
Click to expand...

BS!:cool:
 
White House Holds Secret Briefing With Liberal Reporters On How To Spin Obamacare Train Wreck…




Good day to be a lapdog.

Via Daily Caller:


The White House held a background briefing Friday to discuss Obamacare implementation with a handful of journalists from liberal and progressive outlets.

Slate blogger Matthew Yglesias posted a photograph to Instagram Friday featuring himself and other liberal journalists at the White House, with the caption “#thistown.”

Yglesias’ photograph features American Prospect staff writer Jamelle Bouie and MSNBC’s Benjy Sarlin attending the briefing.

Yglesias, who publicly cheered the death of conservative activist Andrew Breitbart, is known as a member of a tight-knit circle of progressive bloggers that includes Washington Post blogger Ezra Klein and low-rated MSNBC host Chris Hayes.
 
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