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The party of the paycheck, huh? Whose bonehead idea was this slogan? Clearly not RNC Chair Michael I-don’t-do-policy-only-strategy Steele, who does not even know what the minimum wage rate is. But take heart. He is not alone.
Financial disclosure reports submitted by Linda McMahon, GOP candidate for the US senate from CT, indicate assets with values ranging between $156 million to $400 million , plus a huge chunk of mystery money. Her concept of a family business is the Worldwide Wrestling Entertainment, Inc., that bastion of sex, violence and steroids. The forms do not even allow for full disclosure of the value of WWE, since the top range that appears on them is the generic $50-million plus category. WWE value is estimated at $1 billion.
When asked what minimum wage in CT is, she did not know, but said “perhaps” some of the WWE employees are paid at that rate. She recently laid of 10% of her workforce, thus insuring that her pittance take-home pay does not fall below its current paltry $46 million annually. She does know that she opposes raises in minimum wage, but would entertain the idea of lowering it, in accordance with National Federation of Independent Businesses express policy, an organization she belongs to and who endorses her.
Joe Miller, GOP US senate candidate from Alaska, thinks that Congress is not authorized to determine minimum wage or pay unemployment benefits, which he seemed to have no problem receiving after his wife was laid off from her clerk’s job in HIS judge magistrate’s office on account of nepotism policies. Miller thinks minimum wage should be abolished, as does his counterpart, John Raese, GOP US senate candidate from West Virginia and Kentucky’s Rand Paul. They are wrong, of course, to claim Congress does not have the authority, at least so says the US Supreme Court (see second link below). Dino Rossi, current GOP US senate candidate, has a clear voting record in his state senate of blocking raises in minimum wage, would advocate lower it or eliminating it all together.
I should mention, polls show two-thirds of Americans support increase in the minimum wage.
If they want to showcase their world reknown hypocrisy, then this slogan is just the ticket. Otherwise, they might want to rethink that (whoops) cat-out-of-the-bag battle cry.
;Please note what year the unemployment, jobs, and the stock market started floundering.
Tax cuts: A $1.35 trillion tax cut program—one of the largest tax cuts in U.S. history. Bush argued that unspent government funds should be returned to taxpayers, saying "the surplus is not the government’s money. The surplus is the people’s money." With reports of the threat of recession from Federal Reserve Chairman Alan Greenspan, Bush argued that such a tax cut would stimulate the economy and create jobs. By 2003, the economy showed signs of improvement, though job growth remained stagnant. Under the Bush Administration, real GDP grew at an average annual rate of 2.5%, considerably below the average for business cycles from 1949 to 2000. Bush entered office with the Dow Jones Industrial Average at 10,587, and the average peaked in October 2007 at over 14,000. When Bush left office, the average was at 7,949, one of the lowest levels of his presidency. Unemployment originally rose from 4.2% in January 2001 to 6.3% in June 2003, but subsequently dropped to 4.5% as of July 2007. By the end of Bush's presidency, unemployment climbed to 7.2%. The perception of Bush's effect on the economy is significantly affected by partisanship.
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet
http://kenhoma.wordpress.com/2008/08/28/from-clinton-to-bush-after-tax-household-income-is-up/