PrintJuly 25, 2011
The Tea Party, Right About Everything
The false narrative is that the Tea Party is a bunch of stubborn nuts, if not outright racists. In truth, the Tea Party has been right about everything, while almost everyone else has been nuts, especially the "experts."
Minimum wage. One of the first things Democrats did after taking back Congress in 2007 was raise the federal minimum wage 41% from 2007 to 2009. Result? The unemployment rate went from 4.4% in May 2007 to 10.1% in 2009. It is 9.2% even today -- four years later.
As for teens, the unemployment rate went from 14.9% to 27.1%, the highest ever recorded, meaning since 1948. Today it is still a high 24.5%. And for blacks: from a low of 7.9% in 2007 to 16.5% in 2010. It is still a high 16.2%.
The Democrat Congress also decided to apply the same minimum wages to American Samoa. Results? Near-decimation of its economy, one that had been based largely on low-cost tuna canning and textile work.
... employment fell 19...(Read Full Article)
