GOP Again Screws Working People, Lobbies for Rich

[Nickdfresh]

Originally posted by BigBadBrian
In a way, yes.

However, as Big Train and I have said before, people need to reflect on what happens to a company's Income Statement and Balance Sheet when wages rise: wages go up, Gross Profits go down, and then company's think about lowering expenses, such as reducing their workforce.

Again, I'm not opposed to a minimum wage hike. However, it will affect employment.

And yet you have no hard data to support this. The vast majority of economists dismiss this notion, unless they're partisan hacks. You can spare me the partisan-kool Aid economics.

We're in the longest period of between hikes in the minimum wage in history, yet no one has mentioned this. Raising the minimum wage forces companies to become more competitive to attract the best and brightest, and further can increase wages as well as increasing disposable income, which in turn increases conspicuous-consumerism.

[Cathedral]

Originally posted by BigBadBrian
In a way, yes.

However, as Big Train and I have said before, people need to reflect on what happens to a company's Income Statement and Balance Sheet when wages rise: wages go up, Gross Profits go down, and then company's think about lowering expenses, such as reducing their workforce.

Again, I'm not opposed to a minimum wage hike. However, it will affect employment.

Well too bad for the companies then.
Look, it's easy math, if people can't afford to buy something, THAT will affect a companies bottom line because they can't sell their goods if there are no buyers of those goods because they can't afford them.

And even if it did cause layoff's, those people can now go somewhere else to make a higher wage than the minimum they were working for where they were.
Every time I've changed jobs it was to make more money, and sometimes i even changed fields because THAT was what it took to improve my families standard of living.

You gotta do what you gotta do for your family, man.
NOT raising the wage to help people compete with rising cost of living hikes only hurts the people who don't have the opportunities you or I had, assuming you are doing well for yourself.

Sure it will affect employment, but i don't see it as a dire situation as some make it appear.
The price of goods have risen anyway, what hasn't risen is people's ability to stay in the game.

And in the end, more people end up on welfare which places the burdon on the tax payers to compensate for the increased spending on that and other social programs.

I believe that people should be afforded the tools to better their lives, not be left behind to suffer through them and drowned.
Hell, since the bankruptcy laws were changed they can't even get out from under overwhelming debt anymore.

The good far outweighs the bad in my opinion.

But like i posted to BigTrain, this discussion is a waste of time because the bill will be killed for one reason, the estate tax portion of the bill.

It's sad how those that are supposed to be working FOR the people only seem to shit on them.
But, they get their raises, which they don't exactly NEED, don't they?
Their biggest burdon is whether to buy the green or blue Lexus, whereas people are deciding whether they can afford milk or rent, or utilities, or medicine, etc. etc. etc.

Bring on election day, the people have been getting smarter than our Government Officials ever bargained for over the last 6 1/2 years of Bush.
I'm one of them, and i remember how hard I was fucked in the ass in the early 90's.

I'm just one of many newly bred Liberal Conservatives in this country, and we don't vote straight party lines anymore, brother.

Roth On, I gotta hit the road...

[FORD]

Senate blocks minimum wage hike
Thu Aug 3, 2006 10:14 PM ET

WASHINGTON (Reuters) - A group of mostly Democratic U.S. senators blocked legislation on Thursday that would have raised the federal minimum wage for the first time in a decade, because it also would have permanently cut estate taxes paid by the rich.

On a 56-42 vote, the Republican-led Senate failed to get the 60 votes needed to clear the way for final congressional passage. Earlier approved by the House of Representatives, the bill would have raised the $5.15-per-hour minimum wage to $7.25 over three years.

The Senate vote was a setback for conservative Republicans who put the inheritance tax cut at the top of their agenda. Democrats, who want a minimum wage increase and oppose the tax cut, have vowed to keep pushing for the pay raise and have made it a centerpiece of their effort to take control of the U.S. Congress in the November elections.

The Only "Democratic" Traitors this time......



Bill Nelson (DLC - Florida)
Ben Nelson (DLC - Nebraska)

[Cathedral]

Oh boy, what a surprise that was, eh?.....

I have no further comment on this until election day, thanks...

[Big Train]

Originally posted by Cathedral
Not, it isn't, it's a fact that the Republicans did this on purpose.
The Republicans knew going in that it was a non-starter, the Democrats have said it was a non-starter, and I knew the moment i heard about the bill that it was a non-starter.

Damn, i don't see what is so hard for you to understand about my point.
Was I really that thick too when i wore the wool?

Let me re-phrase my point just for you, k?

Gee thanks Cathedral for dumbing down your mighty intellect for lil old me? I don't know how thick you wer e before, but your pretty thick now.

Don't insult me by saying I don't understand your point ok? I just don't agree with it.

But we will save this one for election day...

[Cathedral]

Originally posted by Big Train
Gee thanks Cathedral for dumbing down your mighty intellect for lil old me? I don't know how thick you wer e before, but your pretty thick now.

Don't insult me by saying I don't understand your point ok? I just don't agree with it.

But we will save this one for election day...

Then why didn't you just say that?
All you did was dance around it, and we never discussed my point because the estate tax had nothing to do with it and THAT was your focus.

I'm thick?
Hardly, I just took off the wool, dude.
Try it sometime and maybe you'll see things more objectively.

But now that you do mention it, if my choice to stop following the pide piper like the little gutter rats that wave flags for this Administration makes me thick?
So be it, my point from the very start was that the working class would get screwed, and I was right.

Your argument was as pointless as that bill was, bro.