In response to:

Bursting the Washington Bubble: The Outlook for 2013

D G Wrote: Feb 01, 2013 1:10 PM
The 2007 Minimum Wage Act slowed the economy, reduced jobs, and increased deficits as it increased the minimum wage by 40%. It was followed with rapid loss of jobs especially for low-skilled workers................. Why didn't GWB veto it? ... Answer is the Democrats combined this legislation with other legislation for emergency funding needed for Katrina recovery and the wars. .... Line item vetoes are not allowed. ... The Pelosi-Reid-Obama Depression has completed its fifth year, and 2013 is projected to be much worse than this year.
Houziwang Wrote: Feb 01, 2013 6:34 PM
ROFLMAO...NBC news and CBS News...lol!!!!
Magna Wrote: Feb 01, 2013 6:04 PM
You are a flat Earther as I have it from a reliable source at NBC news that it will be a banner year for the economy and Obama confirmed this with 60 Minutes on CBS News and chatted about it with the wise Oracle Buddy of his David Letterman .
Houziwang Wrote: Feb 01, 2013 6:01 PM
Obama hires those who successfully cheat the system...not honest hard working Americans.
ppotts Wrote: Feb 01, 2013 4:25 PM
so how come Obama didn't give you one of his cabinet positions?
OBAMA-DRAMA Wrote: Feb 01, 2013 1:23 PM
D G

Read my various posts below to realize what is really going on.
D G Wrote: Feb 01, 2013 1:18 PM
Look at John's second graph and you can see unemployment is the blue line.

It began improving immediately after Tax Releif 2003 was enacted.

It began worsening immediately after Democratic legislation was enacted tp hike the minimum wage 40%.

The only major change in economic policy in Mid-2007 was the minimum wage increase.

That is when unemployment got worse. Unskilled workers were impacted the most, and that cause unemployment to rise rapidly for teenagers and minorities.

These are the people who had subprime mortgages, and their foreclosures were a factor in causing the Financial Crisis in September 2008


Yes, it’s that time of year again.

It’s time to hold our nose and check the diaper that we have all come to know as Obamanomics.
While rightly this review should have been completed closer to the first of the year, there were too many events in the offing that were likely to impact the...