Category Archives: Economy

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WND Exclusive – The Myth of Poverty in America

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from Brent Smith for World Net Daily:

Bernie Sanders says, “If I’m not mistaken, China has made more progress in addressing extreme poverty than any other country in the history of civilization. They’ve done a lot of things for their people.”

Yes they have, unless you are one of “their people” who just happens to be part of the Chinese Muslim community, for example, or not part of the Maoist cultural revolution, which killed an estimated 20-45 million.

But what should we expect from Bernie the Red? This is the same guy who trumpeted the Cuban Communist health-care system. read more

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So Labor Day is Not a Full-Blown Communist Holiday

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From: National Review

Red Monday

There isn’t much good to say about Labor Day, except maybe that it could be worse — it could be on May 1, which would make it a full-on Communist holiday instead of a merely crypto-Communist one. For that we can thank Grover Cleveland, the last pretty-good Democrat (seriously: gold standard, anti-tariff, vetoed twice as many bills as all of his predecessors combined — Rand Paul is a fan), who pushed for the creation of a labor festival in September as cultural competition to the international workers’ celebration in May, sort of the reverse of the strategy of the early Church fathers’ choosing the dates of heathen festivals for the new Christian holidays.

So, from the two out of three working-age Americans who are gainfully employed, a round of applause for President Cleveland. But crypto-Communist holidays are not so great, either.

Labor Day, like Obamacare and much else that is distasteful about American public life today, is a product of American liberals’ desire to be Canadians. The ’Nucks started celebrating labor on the first Monday in September in the 1880s; this holiday grew out of a parade celebrating a typographical workers’ strike in 1872. Soon, U.S. labor bosses, especially the Marxist Central Labor Union, wanted a holiday of their own. read more

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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