Obama’s Proposal to Boost the Minimum Wage: Will It Help or Hurt Workers?
Of the proposals in President Obama’s State of the Union address, the one that’s perhaps getting the most attention is his push to have the federal minimum wage raised from $7.25 to $9.00 per hour. There are many reasons for this. First, it was one of the few concrete proposals to come out of the speech; and unlike many of the President’s industrial and tax policy ideas, it is easy to understand: Pass a law saying businesses can’t pay workers less than $9 per hour. But does the law make sense for the low-income workers it aims to help? For years the conventional wisdom among many economists was that higher minimum wages actually reduced employment — for the simple reason that if you make something like labor more expensive, firms will purchase less of it. But research in the 1990s, specifically a study authored by economists David Carr and Alan Kreuger, seemed to prove otherwise, or at least to poke holes in this theory. Carr and Kreuger studied the effect of an increase in the ...
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Dictators for Obama?
Tuesday, October 23, 2012 - 09:11 Chris Kleponis/AFP/Getty Images Evangelical leader Gary Bauer leads the Campaign for American Values PAC, which produced the ad "Dictator Vote." President Barack Obama has the dictator vote, at least according to a super PAC run by evangelical leader Gary Bauer. Hours before Obama and GOP nominee Mitt Romney began a debate on foreign policy, Bauer’s super PAC released an ad with quotes from Cuba’s Fidel Castro, Venezuela’s Hugo Chavez and Russia’s Vladimir Putin, expressing their admiration for the president. “Obama secured the dictator vote,” the narrator says. “Does he have yours?” Bauer’s Campaign for American Values PAC has spent more than a half-million dollars on ads supporting Romney and opposing Obama. An August ad said Obama is “forcing gay marriage on the country.” Another accused the president of “bowing to Islam.” And a third ad asked, “Why was God booed by Obama’s delegates” at the Democratic ...
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Super PAC quarterly report sheds light on donors
Tuesday, October 16, 2012 - 09:32 Win McNamee/Getty Images Super PACs reported their donors and funds raised for the third quarter Monday. A new batch of super PAC donor information arrived at the Federal Election Commission Monday, and among the top contributors was the nonprofit Americans for Limited Government, profiled by the Daily Disclosure on Monday after the organization released a Web video implying that Vice President Joe Biden was on drugs during last week’s vice presidential debate. Americans for Limited Government gave 86 percent of the $1.7 million received by Now or Never PAC , which has spent most of its money opposing the candidacy of Democrat Tammy Duckworth. Duckworth is running for U.S. House in Illinois’ 8th District. Super PACs report donors to the FEC monthly or quarterly. Super PACs that file quarterly are generally less well-known. For example, Restore Our Future , which favors Mitt Romney, brought in $9.4 million in August alone. American Bridge ...
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Ads quick to criticize after VP debate
Friday, October 12, 2012 - 09:13 Saul Loeb/AFP Ads released hours after the vice presidential debate hit Biden for grinning too much and Ryan for bending the facts. Last night’s debate between Vice President Joe Biden and GOP vice presidential nominee Rep. Paul Ryan has already produced at least two ads from outside spenders criticizing both the style and substance of the debate. American Bridge 21st Century , a liberal super PAC, released a web video called “ VP Debate Fact Check ,” which takes issue with many of Ryan’s statements. The Republican National Committee responded to the debate with “ Laughing at the Issues ,” portraying Biden as not serious about the country’s problems. The debate, which was feistier and livelier than the first presidential debate, saw Biden laughing and sometimes shaking his head at Ryan, of Wisconsin, argued his points. Biden was particularly aggressive in calling Ryan out when he seemed to bend the facts. Republicans, as seen in the RNC ...
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Let the debate spin begin
Thursday, October 4, 2012 - 10:08 YouTube/Screenshot Big Bird gets crushed by an anvil at the end of the new web video from liberal super PAC American Bridge 21st Century. The super PAC was one of the first outside spenders to put together a debate response. Within hours of the close of the first presidential debate Wednesday night, the liberal super PAC American Bridge 21st Century and the Republican National Committee fired off spin reports. The RNC’s “ Smirk ” shows clips edited together of GOP nominee Mitt Romney criticizing President Barack Obama on the deficit, middle class income, health care and other issues while the camera zooms in on Obama looking down at his notes with his lips pursed and the corners of his mouth slightly turned up. Obama was accused of smugness during a 2008 debate against his then-opponent, Secretary of State Hillary Clinton, and the Romney team alluded to The New York Times last week that Romney’s strategy included “luring the president ...
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