"He said in the first hundred days, he's going to let the big banks write their own rules — unchain Wall Street. They're going to put y'all back in chains." - Mighty Joe Biden correctly diagnosed the Paul Ryan and the Republican Party efforts to reintroduce Slavery to the US.Republicans were super mad at VP Biden during the run-up to the 2012 election because Mighty Joe never gave them the cover they've come to expect from Democrats. The Republican Party is wholly owned by the Plutocracy. As such they care only for what Corporations and the Super Rich want; and what they want is the elimination of the Middle Class, the institution of Wage Slavery and a Neo-Feudalist Corporate Controlled State in which workers are forever shackled in the chains of Corporate Bondage.
"The minimum wage makes no sense whatsoever to me,” former Reagan economist Art Laffer told Faux News host Jenna Lee. “Honestly it’s just the teenage — Black Teenage Unemployment Act. And this is the very group that we need to have jobs, not be put out of work because of a minimum wage. So, I’m very much in favor of getting rid of the minimum wage."
Art Laffer, is famous for popularizing a curve which purportedly showed a massive reduction in tax rates would create more tax wealth for government, and thus led to the creation of Piss Down Your Back and tell you it's Raining Reaganomics. Of course, the last 30+ years of Reaganomics in combination with other Ultra-Reactionary Right-Wing policies have utterly shattered the middle class, created an income inequality not seen since the Gilded Age and ended the belief in the American Dream; which it was designed to do.
Laffer, like most entitled rich white conservatives of his era, represents everything the Republican Party is supposedly against. Laffer spent the sixties attending Yale and Stanford (not in the military, probably because like Tom Delay too many minorities had signed up and taken his spot) and then spent the seventies teaching at Pepperdine and USC before joining Reagan's cabinet. So Laffer has never had a real job so he doesn't know how actual businesses operate.
Now, why would Laffer highlight Black Teenagers in his rant against the Minimum Wage? Because like all modern conservatives he's either a bigot or enjoys playing to the racists. Laffer is proposing that black teenagers work for whatever Business wants to pay with the wealth of their labor being siphoned off for their Owners
Laffer wants a return to the idyllic days of America's Founding in which Owners paid their workers nothing and massive wealth was accumulated. Because we would have 100% employment if we allowed Corporations to pay people nothing; which is exactly what Corporations want to do and what Republicans try to accomplish while in office.
Republicans want Slavery returned to America.
Republicans want Slavery returned to America.
