Wednesday, February 19, 2014

If Mr. Obama Were a General

I see on the news that Mr. Obama's proposed increase in the minimum wage will cost 500,000 U. S. jobs, while offering a slight pay increase for 16,000,000 others.  If Mr. Obama were a general in WWII, it would be the moral equivalent of him leaving 500,000 troops to die behind enemy lines in the Battle of the Bulge so the rest of us could enjoy a Bob Hope Special.

The solution is to abolish central banking and the monetary expansion intrinsic to it that devalues the value of labor wages over time.

Gene Chapman, CEO
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