“It’s full of fecal matter” [Darleen Click]
Obama’s new catchphrase, Ladders of Opportunity
CHICAGO (AP) — Pressing his case in the town that launched his political career, President Barack Obama called Friday for the government to take an active, wide-ranging role in ensuring every American has a “ladder of opportunity” into the middle class.
Speaking at Hyde Park Academy in Chicago, Obama sought support for proposals, unveiled this week in his State of the Union address, to increase the federal minimum wage and ensure every child can attend preschool. He also pitched plans to pair businesses with recession-battered communities to help them rebuild and provide job training.
(h/t Weasel Zippers)
Nothing says “Leftism” like doubling down on proven failures
In summary, there were initial positive impacts from having access to Head Start, but by the end of 3rd grade there were very few impacts found for either cohort in any of the four domains of cognitive, social-emotional, health and parenting practices.
And raising the minimum wage to $9/hr? Well, obviously that magic number is not going to put receivers in the “middle class” so why not $20/hr? $25/hr?
Why not $100/hr and make all those minimum wage earners the FILTHY!RICH! so they can then contribute just a little bit more to King Barry?
The absurdity of arbitrarily raising the minimum wage aside, Obama lies about its effect on unemployment based on “studies” just as he does about the benefits of Head Start.
University of California at Irvine economist David Neumark has looked at more than 100 major academic studies on the minimum wage, and he says the White House claim of de minimis job losses “grossly misstates the weight of the evidence.” About 85% of the studies “find a negative employment effect on low-skilled workers.”
The minimum wage is also an ineffective way to reduce poverty. Most families in poverty don’t have someone who works, so making it more difficult to get a job exacerbates poverty. Mr. Obama says that a “family with two kids that earns the minimum wage still lives below the poverty level. That is wrong.”
He left out that most minimum-wage earners are not the primary bread winner. Nearly 40% live with a parent or relative. The average family income of a household with a minimum-wage worker is about $47,023—which is far above the poverty line of $23,550 for a family of four.
Mr. Obama didn’t even tell the whole story about parents raising a family on a minimum-wage income. A full-time minimum-wage worker earns roughly $15,000 a year. But that worker also receives a cash supplement from the earned income tax credit of roughly $5,000, and many states provide benefits on top of that to reward working. That doesn’t count government benefits like food stamps, Medicaid, child care and more. According to data from the Employment Policies Institute, about two of every three minimum-wage workers also get a raise within one year.
“Full of fecal matter,” indeed.Tags: minimum wage, obama, universal preschool