Friday, July 24, 2015

Jeb Bush ‘should be embarrassed’ by his overtime pay claims, economists say

Just how far out of touch is Bush version 3.0 with the everyday life of the average American,  First he and his ilk have been attacking Social Security from a variety of angles - privatization of some form [1], outright elimination based on the sound biblical principle that Noah never retired [2] because it is a Pagan concept [3] or raising the retirement age.  In their minds destroying a long standing social safety net is just one way to humiliate the poor.

Recently, Bush3.0 "began" attacking the work ethic of those of us who have to grind it out at lower paying jobs in order to survive.  Stating,
"(That) means we have to be a lot more productive. Workforce participation has to rise from its all-time modern lows. It means that people need to work longer hours and through their productivity gain more income for their families. That's the only way we are going to get out of this rut that we're in," Bush had said.
But yet this week he is against support for expanding overtime protections for mid-management working those same long hours. In other words, working longer hours shouldn't necessarily gain you more income for your family. 
“It’s this prescribed top-down approach that is the wrong approach,” Bush said. “The net effects of the overtime rule will be, if history is any guide, there will be less overtime paid, less wages earned.”
The reality, 
“If employers want to avoid overtime pay, they hire more workers on straight time and that creates new jobs,” Bernstein said. “Even staunch opponents agree with that and disagree with Mr Bush.”
So what really is your agenda Mr. Bush?

[1] In good economic times this would make sense, over the long term stocks typically fare better. But recent history tells us how fool hardy that plan may be.  No one has been able to answer this one question:  What if the stock market goes bad just before retirement, will the government guarantee against this loss?

[2]  In regards to Greg Gianforte's comments

[3] From Right Wing Watch,  "One of the great indications that something is not part of what God wants is the fruit that accompanies it," he continued. "And one of the things that I’ve always believed is Deuteronomy 6:24, He says, 'Everything I tell you is for your benefit, that you can enjoy a long life, that you can prosper,' and so if we see something in the way of statistics or science that shows that we don’t have a long life, that will diminish our life, then we know that’s not part of what God wanted us to do."

For a bit more snark on the matter:  ‘God Hates Retirement’ Is Wingnuts’ Hot New Reason For Killing Social Security
Jeb Bush ‘should be embarrassed’ by his overtime pay claims, economists say

No comments:

Post a Comment