Category Archives: Economy

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WND Exclusive – Socialists Don’t Understand Cost of Labor

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from Brent Smith for World Net Daily:

How dare the government – any government – set a minimum wage that a business must pay its employees? It’s the pinnacle of arrogance and exactly the strong arm tactics the founders warned us of – a runaway, all-powerful government.

The “Fight for $15” has been circulating for a few years. It seemed to have reached a peak in interest maybe about a year or two ago, but coverage and enthusiasm had fallen off.

Well, evidently, the “Fight for $15” is picking up steam again as the Democrat-controlled House of Representatives passed the Raise the Wage Act, which would make $15 an hour a reality for nearly all American workers by 2025, more than doubling the current national minimum wage of $7.25 an hour. read more

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I Guess There’s Never a Good Time to be Fiscally Responsible

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by: Brent Smith at the Common Constitutionalist

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What a shocker. Congress’s last day in session for a month is this Friday and low and behold, we have a budget which must be passed before they leave, or the world will end … or something.

It’s the oldest trick in the book. Wait til the last minute. Then insist that we will default on our debt, grandma won’t get her new teeth and children will go hungry, but only children of color.

I guess what Mitch McConnell said is true. There will be no more government shutdowns.

On Monday Trump, by way of Treasury Secretary, Steve Mnuchin, and the leaders of both Parties got together to avoid another dreaded shutdown.

As if the last one was any big deal in retrospect. Remember at the beginning of 2019 – the world-ending, 35 day federal government shutdown. It went from December 22, 2018 until January 25, 2019. Recall the pain and suffering it caused all Americans?

Barely, you say? You’re not alone. Even just weeks after the shutdown ended, do we recall the follow-up reporting of ongoing or continued struggles of some 800,000 people that were affected? No? read more

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Congress Voting Itself a Pay Raise

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What a great deal! I’m sure every person in America wishes he or she could get together with their fellow employees and just vote themselves a raise.
But that’s not the way the private sector works. The private sector has that darned “merit based” system, where if you perform well, you are compensated accordingly. And I doubt many Americans would say that Congress is anywhere close to performing their duties well.Related image
Instead, how about considering a vote to cut your pay. And is this not a tacit admission by the dems of the strength of the Trump economy?

from The Blaze:

House Democrats push to give themselves pay raises despite pushback

Not all members are on board

House Democrats are moving forward with a spending package that would allow for a $4,500 cost-of-living pay increase for members of Congress, despite pushback from lawmakers on both sides of the aisle. read more

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Tone Deaf AOC Fights for $15 Minimum Wage

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from the Washington Free Beacon:

AOC to Bartend for a Day to Advocate Policies That Closed Former Employer

New York City’s increased minimum wage drove AOC’s former employer out of business

Rep. Alexandria Ocasio-Cortez (D, N.Y.) is set to bartend again for a day to advocate for policies that led to one of her former employers shutting down its business.

The freshman congresswoman will return to her district in New York City this Friday to “pour a few pints” and push for the federal Raise the Wage Act while showing support for “abolishing below-minimum wage” for tipped workers in the state, the New York Daily News reports.  The exact location of the event, which was organized by the Restaurant Opportunities Centers United, a New York-based nonprofit that advocates for increased pay through its ONE FAIR WAGE campaign, will be announced later. read more

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De Blasio’s Green New Deal

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by: Brent Smith at the Common Constitutionalist

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“Mayor Bill de Blasio approved an ambitious $14 billion plan last Monday to attack global warming and combat climate change,” writes the Brooklyn Daily Eagle.

“New York City’s Green New Deal will drive a nearly 30 percent additional reduction in greenhouse emissions by 2030 while also creating tens of thousands of new jobs.”

So its going to cost the residents and businesses $14 billion to attack global and combat climate change. I dedicated part of this past weekend’s video podcast to just this very thing. Not global warming, but to how the left just gets to make these wild claims without being challenged. Who would challenge them? The Daily Eagle is just parroting de Blasio’s talking points. So much for holding politicians accountable.

And I love the tens of thousands of new jobs. Doing what and paid for by whom? And why 2030? What happens in 2030? Answer – nothing. The year is just arbitrary. It’s close enough to cause the uncurious and dull-witted a sense of panic to “get things done,” but far enough away for people to forget what was claimed, as we close in on it without the world ending. The date was probably focus-grouped.

Okay, back to the propaganda. read more

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The Lie of Nordic Socialism Exposed

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The left loves to trumpet the Nordic countries as socialist success stories. But as Dane, Otto Brons-Petersen explains, they couldn’t be more wrong. In some ways Denmark is less socialist than is the United States. I like to call the Nordics, cuddly capitalist countries. They’re private sector is free market capitalism, but they pay very high taxes to maintain the socialist type safety nets.

But Petersen explains that as we in the U.S. march further toward socialism, Denmark is fast rejecting it, returning things like social security to the private sector.

Enjoy this episode of Prager University: Is Denmark Socialist? read more

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Food Service Workers Push Back on Hollywood Elites

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from the Daily Wire:

Amy Schumer And Amy Poehler Really Want To Help NYC Waitresses. NYC Waitresses Wish They’d Just ‘Butt Out.’

Amy Schumer, Amy Poehler, and a host of other progressive activists just really want to help New York City waitresses earn minimum wage, and they’re willing to stick their neck out to do it.

There’s just one prolem: the waitresses really don’t want their help. read more

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Shocker: More and More Wish to Leave New York

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from the Washington Free Beacon:

Businesses, Residents Plan to Leave New York

Poll: One-third N.Y. residents plan to move because it’s too expensive

Several companies are relocating from the Empire State, numerous businesses have announced they are closing shop altogether citing economic reasons, and a new poll shows a third of New York residents plan to move because they can’t afford to stay.

A review of the New York Department of Labor WARN notices shows several companies are relocating to other states. Private sector employers that have more than 50 employees must file a notice before closing a plant and must also notify the state when they are laying off 33 percent of their workforce. read more

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Billions in Remittances Sent Back to Central America

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from the Daily Caller:

CENTRAL AMERICAN MIGRANTS ARE SENDING BILLIONS BACK TO THEIR HOME COUNTRIES

Foreign nationals from three Central American countries that send some of the highest numbers of illegal immigrants to the U.S. are sending back a record amount of money to their home countries.

Immigrants from Guatemala, El Salvador and Honduras sent back a record $120 billion in remittances this decade, according to an immigration expert who spoke to the Washington Examiner using U.N. and Latin American banking statistics. The numbers are expected to keep rising, with immigrants from these three nations having sent $17 billion in 2018 alone, and Central American bank data indicates that the trend will keeping going. read more

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The Border Wall Can be Built on the Cheap

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from the Washington Examiner:

Company offers to build 234 miles of border wall for $1.4 billion

A U.S. company is offering to build 234 miles of President Trump’s border wall for just $1.4 billion, a fraction of the $8 billion the Trump administration is hoping to use for that project.

Fisher Sand and Gravel Company’s President and CEO Tommy Fisher said the government is overpaying and said that for $4.31 billion, he can build the wall and incorporate paved roads and border technology plus warranty. read more