New Low

Every few months the editorial board of the Ragister feels a need to suck up to CommieTommie Harkin and today was another such day.

More jobs is best way to restore middle class
Harkin is correct: A living wage, tax equity are needed, too

Harkin, and the Ragister, want to raise the minimum wage, from its current $7.25 to $9.80, and index it to inflation.

The Employment Policies Institute says it would eliminate at least 467,000 jobs and we could lose as many as 1.1 million jobs.

In addition, Economists at Miami University and Trinity University found that nearly 115,000 young workers have never been able to enter the workforce because of the $7.25 minimum wage.

The Ragister also signed on to Harkin's Wall Street Trading and Speculators Tax Act.

Last fall (Don't Be A Do-Badder), we related how the proposal is similar to Europe's Robin Hood tax which is speculated would increase unemployment and could double the cost of certain financial transactions and could cause the Dow Jones Industrial Average to fall by 12.5%.

So much for restoring the middle class, it's more like bend over and kiss your class goodbye and the scientific community is united in that fact.

It's a good thing that there is zero chance most of CommieTommie's proposals will become law.