Remember: We actually pay people to report on stuff like this.
The Congressional Budget Office (CBO), while not exactly non-partisan, doesn’t always see eye to eye with either party in D.C.
Yes, sometimes the effects of proposed Democrat economic policies are so obvious that even the CBO is forced to agree with Republicans.
The CBO just reported that the Democrats plan to raise the minimum wage would cost between 500,00 to a million jobs. Initially.
At least that many jobs; really, probably more.
“The CBO analysts said their estimate of employment losses was approximate,” says Fox News. “They said the actual impact could range from a very slight employment reduction to a loss of one million workers.”
These are the same economic clowns who put that bright red nose on Obamacare telling us all that it would balance the budget, bring peace to the Middle East, and provide free birth control for Sandra Fluke.
Getting past the fact that I personally know of at least seven people who have told me they’d privately pay for Fluke’s birth control if it meant she’d never become part of a breeding pair, the clowns were recently forced to update their Obamacare estimates saying, well, gee guys: Obamacare is going to cost a lot of jobs.
How many? 2.5 million. Initially.
“Initially” is a big point with any Obama policy.
Because it always seems that those “initial” estimates by the CBO of the economic consequences of an Obama policy are much rosier than the reality.
With current unemployed, plus those who have dropped out of the workforce, plus the jobs killed by Keystone inaction, plus Obamacare job casualties, plus the war on energy like coal, there are between 6 and 8 million people without jobs, who in other circumstances might have work as of now.
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for October 31st, 2014 | John Ransom
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