All presidents since FDR have thought they were kings, but only Wormtongue has taken it to heart, issuing decree after decree, each one costing the economy in some way.
“Thursday’s example was Obama’s plan to decree overtime pay for some 10 million who had willingly been working without it, because they are salaried employees.
“It’s not a good thing. First of all, anytime the government mandates pay increases, it costs real people their jobs. While some people might get more pay, others’ pay goes to part-time, or to zero. When Obama proposed his minimum wage hike last month, even the Congressional Budget Office (CBO) agreed that it would cost 500,000 jobs.”
I’m surprised Wormtongue and Dictator Putin aren’t chummier. They have a lot in common, after all. But the worm probably identifies even more with FDR, who prolonged the Great Depression by keeping taxes high and business uncertain about what regulations he would impose on them next.
Via Gay Patriot.
THE TEXAS SCRIBBLER 