President Obama has certainly done “almost” everything within his power to lift Americans out of dire poverty into just “normal” poverty by calling on Republicans to raise the minimum wage, but that is, and has been, a non-starter for the Koch Congress; their inclination and hope is abolishing the minimum wage outright. Besides, raising the minimum wage to $10, or even $15, per hour is not going to accomplish much in the way of rebuilding the vanishing middle class or relieving poverty because those minimum wage workers will still be earning incomes below the federal poverty line. The President certainly champions “growing the middle class” in every economic speech he delivers and one truly believes he is sincere, but thus far he has not taken advantage of the executive authority he has to make it happen for over 10 million Americans. It really makes even an avowed Obama supporter wonder; is the President terrified of the Koch brothers, or devoted to the U.S. Chamber of Commerce, Wall Street, and corporate America to really “grow the middle class” like he claims is crucial to the continued growth of the economy. Something seems amiss. There is a seeming incongruence between the President’s claim he wants to expedite growing the middle class, and his regular economic meetings with the U.S. Chamber of Commerce, Wall Street titans, and corporate CEOs whose only interest is growing their profit margin and not the middle class.
Posted on: Mon, 05 Jan 2015 05:17:27 +0000
Trending Topics
Recently Viewed Topics
© 2015