A former Reagan adviser has asked how it is possible that with more than 93 million Americans out of work, how can we possibly have 5% unemployment? He contends that with only 210 million Americans eligible to be in the workforce, it leaves us with 42% unemployed.
With millions of Americans unemployed and businesses facing oppressive regulations which are growing by the day, Barack Obama has decided to implement a rule under federal labor law that will raise the salary threshold below what workers automatically qualify for time-and-a-half overtime wages to $50,440 a year from $23,660..
This is another redistribution of wealth from business owners and investors to lower-wage workers to make things “fair” and “equal” according to social justice tenets. He says he is helping the middle class, which is code for Marxist redistribution. It has more to do with destroying the middle class than helping it.