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General Motors Company Message Board

  • scarbrobill scarbrobill Feb 19, 2013 10:49 AM Flag

    Gov't - Minimum wage

    Obama and unions and other idiot politicians are pushing to raise the 'minimum wage.
    Lets just look at a few of the facts of MW:
    1. it increases the cost of living
    2. it increases taxes
    3. it increases the number of poor people
    4. it reduces employment
    5. people on fixed incomes race toward poverty
    6. drives jobs overseas.
    These 6 factors are more than enough reasons to NOT RAISE MW.
    The people in favor of a raise know nothing about ECON I or are idiots.

    Obama preaches 'fair' if gov't are going to dictate wages and benefits, then those on fixed incomes should be increased by the gov't to compensate their loss of purchasing power. Get gov't out of business. They screw everything up.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • What is shocking is the number of people that will follow an idiot, just like the sheep following the leader into the slaughter. Humans are slow learners.

    • Let pray he doesn't die in poverty.
      Mulally’s compensation for 2012, including salary and benefits, will be revealed later this year in the company’s proxy statement. Ford rewarded Mulally with stock worth $58.3 million in March of last year and $56.6 million a year earlier.

    • Borrowing Gov. money speculating on Energy

      End effect will be killing the Economy

      Wholesale gasoline rose 6 cents to $3.10 a gallon.

      Crude rose sharply in early January, then began to waver between $95 and $98
      per barrel, where it has stayed for the past month.

      But just as oil prices began to flatten, retail gasoline prices began to
      take off. The average U.S. pump price has risen every day since Jan. 18,
      adding 34 cents over the period. Thursday it rose a penny to $3.63, the
      highest ever for this time of year.

      Oil prices rose despite data showing continuing weakness in the European
      economy. The eurozone economy shrank by 0.6 percent in the final quarter of
      2012 from the previous three-month period, more than the 0.4 percent drop
      expected by markets, according to Eurostat, the EU statistics office.
      Germany, Europe's largest economy, shrank by 0.6 percent for the period.

      Addison Armstrong, an analyst at Tradition Energy, said oil prices have
      remained high because investors are using the cheap credit brought on by low
      interest rates to invest in commodities.

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