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Honored Advisor

Peter Shiff on 0bama`s lies to West Point grads.

 

 

http://www.youtube.com/watch?v=LOY1AD1FStA 

 

Obama`s big lie was "America has never been stronger relative to the rest of the world".  Peter tells of where the term "ugly American" came from, in the 50`s the US was a CREDITOR nation, the world owed us money and we sold goods overseas, rich Americans travelled abroad at bargain rates relative to the US dollar.

 

The Swiss wanted to raise their minimum wage to $50,000/yr, the problem was 95% of the Swiss make MORE than $50,000!  Do 95% of Americans make $50,000 a year???  Most that actually work don`t , those taking advantage of the welfare system are close they make  $38,000 or $40,000.   Obama can`t be that damned dumb, he has to understand what a mess it is, yet he bold faced lies about it.  The West Point cadets throw their "made in China hats" in the air as the band plays.

13 Replies
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Advisor

Re: Peter Shiff on 0bama`s lies to West Point grads.

Obama has no comprehension of history and no understanding of basic economics.
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Senior Advisor

Re: Peter Shiff on 0bama`s lies to West Point grads.


@425Cat wrote:
Obama has no comprehension of history and no understanding of basic economics.

Oh, but he does. That is what is so scary and what makes him so dangerous. It is his supporters who have no comprehension of history and no understanding of basic economics.

Highlighted
Senior Contributor

Correction on Swiss Minimum Wage

The Swiss did not vote on an  'increase' the minimum wage, to around $25, they voted on a measure that would ESTABLISH a minimum wage, of around $25 an hour. 
Switzerland has no National Minimum wage law, so technically, the National Swiss minimum wage, would be zero.  (I belive that the individual States do that).



Switzerland has (compared to the US) a limited/weak central/federal government, but with more power to the individual State governements.

So, when someone wants to use Switzerland as an example of high wages, they need to realize that there is no Federal minimum wage, and a limited central government.  Pay is determined by agreements between the workers and bosses.

 

http://www.huffingtonpost.com/2014/05/12/swiss-minimum-wage_n_5309352.html

 

-snip-

the proposed minimum wage of 22 Swiss francs ($25.13) an hour would be the world's highest even when adjusted for purchasing power in notoriously expensive Switzerland.

The economically liberal country does not currently have a nationwide minimum wage. Pay is determined by individual employment contracts or via collective bargaining agreements, some of which also set industry-specific minimum wages.

-snip-

Highlighted
Senior Advisor

Re: Peter Shiff on 0bama`s lies to West Point grads.

Now you know d well that is a gd lie. You don't know even one person that gets close to $38 or $40 k from the welfare system. However their are conservative farmers that get that much or more. And they look down the long blue noses in disgust at the welfare folks.  Right Red!

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Veteran Advisor

Re: Peter Shiff on 0bama`s lies to West Point grads.

Funny, but I always thought the term 'ugly American" cam from, like today, MANY Americans refuse to learn any foreign words to try to speak to someone who doesn't speak English. That happens all the time here but overseas, when Americans travel, they show their butts with their arrogance about everything from food to autos and language!!
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Veteran Advisor

Re: Correction on Swiss Minimum Wage

Are you actually saying that someone in one of ba's posts is a liar????
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Senior Contributor

Re: Peter Shiff on 0bama`s lies to West Point grads.

425Cat wrote:
Obama has no comprehension of history and no understanding of basic economics.
Oh, but he does. That is what is so scary and what makes him so dangerous. It is his supporters who have no comprehension of history and no understanding of basic economics.

Fancy a republican telling a democrat he hasn't learnt from history. What a hypocrit.
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Advisor

Re: Peter Shiff on 0bama`s lies to West Point grads.

Highlighted
Senior Contributor

Re: Correction on Swiss Minimum Wage

I didn't say that.  One could say they were going to raise it from zero to $25 or so an hour, but it was worded like it was an increase of minimum wage, not an establishment of one.

Isn't it funny, though, that the country where the average wage is something like $50K, has no minimum wage.