For liberals it is not about basic economics, but about feeling good.
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Barack Obama announced Saturday morning in his weekly address that he is urging Congress to pass a bill that would raise the federal minimum wage for all workers.
Noting that he used an executive action in the past week to require federal contractors to pay their employees at least $10.10 an hour, Obama pontificated that this action would be good “for contractors, for taxpayers, and for America’s bottom line.”
Ignoring the burden this action will place on businesses, Obama intoned, “That’s why we’ve got to build an economy that works for everybody, not just a fortunate few. We’ve got to restore opportunity for all – the notion that no matter who you are or how you started out, with hard work and responsibility, you can get ahead in America.”
He then segued into his attempt to bully Congress into accepting his plan, saying, “But to finish the job, Congress needs to act… An overwhelming majority of Americans support raising a minimum wage that’s worth about 20% less than when Ronald Reagan took office.”Continue reading on www.breitbart.com