A minimum wage hike?!
Michelle Malkin
I'm really trying to keep my spirits and your up, but stuff like this ain't helping:
President George W. Bush on Wednesday said increasing the national minimum wage is likely an issue on which he could cooperate with Democratic leaders in Congress.
"I believe in a lot of issues we can find common ground and there's a significant difference between common ground and abandoning principles," the president said in a news conference a day after mid-term elections in which Democrats gained control of the U.S. House of Representatives. ...
More of what we're in for, via AP's summary of Democratic priorities for Congress:
_Military: Force an immediate drawdown of troops in Iraq and conduct oversight hearings on missteps on the war. The announcement Wednesday that Defense Secretary Donald Rumsfeld was resigning met Democratic demands that he step down to take responsibility for the situation in Iraq.
_Intelligence: ...
_Judiciary: Conduct oversight hearings on treatment of terrorism detainees, domestic surveillance programs and President Bush's use of "signing statements" affecting some requirements in the laws he signs.
What is President Bush Thinking?
Daniel Freedman
"President George W. Bush on Wednesday said increasing the national minimum wage is likely an issue on which he could cooperate with Democratic leaders in Congress," Reuters reports (via Michelle Malkin).
When it rains, it pours. Even the New York Times once understood the foolishness of a minimum wage. As we noted in January:
In a famous, or in the Gray Lady's offices, infamous, January 14, 1987, editorial, "The Right Minimum Wage: $0.00" it noted that "there's a virtual consensus among economists that the minimum wage is an idea whose time has passed. Raising the minimum wage by a substantial amount would price working poor people out of the job market." ...