Posts Tagged ‘State of the union’

Why were Democrats AWOL on minimum wage?

January 26, 2015

President Obama in his 2013 State of the Union message proposed tying the minimum wage to the rate of inflation.

A blogger named Jamison Foser pointed out that the Democrats, who had a majority in the Senate, did not introduce any legislation in 2014 to accomplish that.

minimum_wage_onpagePresident Obama in his 2014 State of the Union message proposed an increase in the minimum wage.

Foser pointed out that the Democrats, who still had a majority in the Senate, introduced a bill in April to raise the minimum wage and, when it failed, they did not try again.

The Republicans who controlled the House of Representatives meanwhile passed bill after bill to repeal Obamacare.

Pundits ridiculed them for this, but in the 2014 elections, the Obamacare mess was a much bigger issue for voters than minimum wage.  Some states that passed referendums to increase the minimum wage still voted Republican.

This is a failure of the whole Washington leadership of the Democratic Party.

What good are politicians who won’t fight for the public good even when it’s popular?

LINK

After the State of the Union by Jamison Foser.  Hat tip to Mike the Mad Biologist.

Tom Ferguson on President Obama’s speech

January 25, 2012

The real state of the union

January 25, 2011

A blogger whose handle is miguelitoH2O gave better and more accurate presentation on The Real State of the Union, 2011 in a post last December than anything we are likely to hear tonight.

miguelitoH2O

Oil is at 90 dollars a barrel. The governments of Europe, Japan, and the United States are saturated with debt. Housing prices in the US are falling again, and there’s no job growth in America. For some reason, many are still imagining that we’re in an economic recovery.  Our economic system remains as fragile and dangerous as it ever was.  Meanwhile the perpetrators of the financial crisis are enjoying record profits.

We find ourselves bailing out not just American banks but large banks around the world.  The economies of scale in the financial sector continue to chip away at the sovereignty of not just ours, but all the nations of the world.  In fact, we had begun refinancing foreign banks as early as 2007, indicating that the Fed was aware of a crisis long before they had admitted. Giving those monies to foreign banks without so much as a press release or a demand for better trade agreements, it is clear that even with all those big geopolitical shifts we have been hearing so much about, the United States remains the world’s sole Schmuck Superpower.  The good news?  Of the money that was used in bailing out financial institutions, about half has been returned.

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