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Guys thinking sheer numbers Americas GDP is bigger than it has ever been so 1.5% growth now was 5% 20 years a go and 25% 100 years ago............., since Anerica's GDP growth is probably been almost exponential since WW1 Obama's percentage might mean nothing as he may have still had he most sheer GDP growth while he was president.
In 2008 GW Bush had a (negative) -0.92% GDP growth rate. Bush handed that negative GDP rate to Obama, but Obama has stabilized the falling GDP. US GDP Growth Rate by Year
The republicans oppose high min wages and oppose middle class tax cuts.
Inflation causes home prices and rent prices to rise with time. And republicans refuse to adjust wages to inflation (their corporate leaders like to pay workers as little as possible to increase corporate profits.)
"The Minimum Wage Fairness Act (S. 1737) is a bill that would amend the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to $10.10 per hour over the course of a two-year period."
"The Minimum Wage Fairness Act (S. 1737) is a bill that would amend the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to $10.10 per hour over the course of a two-year period."
I'm glad they opposed it. Why should politicians be allowed to determine how much someone in the private sector gets paid? It's really none of their business.
Reading what Obama has said in defense I believe he knows he screwed up. Why he thought the likes of Bernanke and Geithner could lead us on a path of growth and stability will always be one of life's greatest mysteries.
Reading what Obama has said in defense I believe he knows he screwed up. Why he thought the likes of Bernanke and Geithner could lead us on a path of growth and stability will always be one of life's greatest mysteries.
Should've listened to Bernie:
Sanders Op-Ed: Bernanke Must Go
Date: Dec. 29, 2009
"I cannot vote to confirm Ben Bernanke for another term as chairman of the Federal Reserve and have placed a hold on his nomination in the United States Senate.
The American people overwhelmingly voted last year for a change in our national priorities and for a new direction on the economy. After eight long years of trickle-down economics that benefitted millionaires and billionaires while leaving the middle class behind, Americans demanded a change that would put the interests of ordinary people ahead of the greed of Wall Street and the wealthy few.
What the American people did not bargain for was another four years for one of the key architects of the Bush economy.
Before Mr. Bernanke became the Fed chairman in 2006, he headed the Council of Economic Advisers for President George W. Bush -- one of the most conservative presidents in American history. He also sat on the Fed board of governors from 2002 to 2005. Perhaps more than anyone else, Mr. Bernanke was in a position to diagnose the impending economic disaster and take steps to stop it. Tragically, not only did he fail to prevent the worst economic collapse since the 1930s, he did not even warn the American people that it was coming until it was too late. Equally distressing, his actions since the crisis began may leave taxpayers holding the bag for an even bigger bailout in the future.
A Federal Reserve chairman has four main responsibilities: 1) to conduct monetary policy in a way that leads to maximum employment and stable prices; 2) to maintain the safety and soundness of financial institutions; 3) to contain systemic risk in financial markets; and 4) to protect consumers against deceptive and unfair financial products.
By any sober assessment, Mr. Bernanke has failed in all four of these areas. ..."
I'm glad they opposed it. Why should politicians be allowed to determine how much someone in the private sector gets paid? It's really none of their business.
Business is about (1) thing and that is profits. Business does not care about human rights or morality, and without min wage laws huge numbers of American workers would be exploited by businesses paying them unjust wages.
Obama had the opportunity to rebuild the economy after the financial crash.
What could Obama have done to rebuild the economy?
Quote:
He chose to steal everything not nailed down and destroy the middle class.
What did Obama steal?
And how did Obama destroy the middle class?
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