Critical Hit! U.S Economy Has Just Been Knocked OUT!

A raise in cost of anything would be outrageous at this point in America’s Economic standing. In this case, President Obama brings about the idea of raising minimum wage from $7.25 per hour to $9 per hour. Obama names America the “wealthiest nation on Earth.” Where does Mr. Obama get that from? We’re not the poorest nation by far, but we are so far in debt, we might as well be the poorest nation. How does Obama think that this would even help us to become the “wealthiest nation?” this increase in minimum wage might even increase our debt as the dwindling small businesses ‘receive’ another bailout. Boehner wonders why we would want to “raise the price of employment?” That’s exactly it. This would make it so employers would either hire less, or they would go under quicker, of course depending on business speed. Even though it may sound like a wonderful idea to all the working class people, especially the younger generations, In the long run, it would make it even more difficult for people to find a job, and thus increase poverty in the nation.

Obama believes that “no one who works full-time should have to live in poverty.” What actually is poverty? Is making $7.25 an hour working between 66 and 78 hours per pay period considered poverty?  That’s represented by something around $250 a week, and $500 per pay period. That is enough to survive on. Obama’s definition of poverty appears to me as living in an apartment eating top ramen and drinking water. That’s not poverty, that’s called college. This country was founded by “workers who were guaranteed no minimum wage,” they, or their employers, determined the cost of their labor. There is your proof, we don’t need a raise in minimum wage, our country and out small business economy was much more financially stable when the economy didn’t have the burden of minimum wage. We need to return to that, we could, except some American’s minds are so corrupted by luxury and money, they feel entitled to everything they have, that they shouldn’t have had to work for it. A raise in minimum wage is going to crap in the wallets and purses of the hard-working portions of future generations.