Obama calls out New Jersey Governor Christie in fight for minimum wage hike

Comments (11)
sabrefencer wrote:

Obama, like the weak fish that he is, is coming at a person that helped him fool the People, into thinking he was going to be a president for all the people….Christie, gave him the perfect photo ops, to sway just enough, on the fence voters, coupled with eric holders criminal activities overseeing justice, got this huckster, re elected…Now we all suffer from the result, with Obamacare and OBAMANOMICS….Soo Gov Christie, wallow in your misery, you bought it on yourself..see what being around Obama gets you now

Feb 21, 2014 2:45pm EST  --  Report as abuse

@sabrefencer, to quote you ‘coupled with eric holders criminal activities overseeing justice’ Proof perhaps? And proof consists of real data not some idea in your head.

Feb 21, 2014 3:26pm EST  --  Report as abuse
moonhill wrote:

Raising the minimum wage that much will create inflation, which will harm the poorest the most. A teenager flipping burgers at McDonald’s is not worth $10.10 an hour.

Feb 21, 2014 5:31pm EST  --  Report as abuse
Caroline3 wrote:

Why did Christie order “radio silence” to the Mayor of Fort Lee who called and e-mailed Christie’s office in desperation over the clogged lanes ordered by Christie on the George Washington bridge which lasted four days? Why did Christie NEVER return the phone calls to Mayor Sokolich of Fort Lee, New Jersey? Why did the petty Christie order his staff to NOT TAKE any of the Mayor’s phone calls or to answer them? Why did Christie originally propose to continue the traffic gridlock on the world’s busiest bridge, George Washington bridge, for ANOTHER MONTH, which might have happened until Patrick Foye stepped in on behalf of the innocent victims and the elderly woman who died on that bridge when the ambulance could not reach her in time? Why did fat-boy Christie use Hurricane Sandy federal relief money for his own selfish family political advertisements, instead of for the New Jersey homeless victims and their hungry children victims of Storm Sandy? That federal money was earmarked for them, not for the greedy Republican, Chris Christie’s fat pockets. The worthless Chris Christie should resign immediately from office and save New Jersey taxpayers the further costs to throw their fat pig out. Impeachment and Imprisonment for theft and abuse of power are next.

Feb 21, 2014 6:59pm EST  --  Report as abuse
theovulator wrote:

moonhill wrote:


Create inflation in our colons maybe.

Perhaps what will hurt the poorest among us THE MOST, is the actual product that that teenager is flipping.

TEN burgers from Mcdonalds are not worth $10.10, ANY hour, of any day. Who cares what the flipper made.

Other past stories here on Reuters have revealed that the beef patties encountered at ALL fast Food Restaurants are only about 50% real beef, the rest is filler.

Gee I wonder what is the filler? Sawdust? Ground up Pigeon feathers? Dirt? Who knows? To my knowledge it’s not been revealed.

Has anyone ever seen published, the actual makeup of the OTHER 50% of these bogus burgers that are served to all of us daily?

Beware folks the world over, 50% of the content of your Mcdonalds fast-food drive-through beef patty is A TRADE SECRET.

Or should we all just say “Mmmmmm, mud burgers, seasoned sawdust, how tasty”. And SO nutritious. The fries are good though.

Eat at home everyone. It’s much healthier. Raise the minimum wage, and more of us will be doing so anyway.

Feb 22, 2014 3:54am EST  --  Report as abuse
theovulator wrote:


Beavis and Obama?

Feb 22, 2014 4:00am EST  --  Report as abuse
4825 wrote:

@theovulator- I believe moonhill is correct about an increase in minimum wage. It does have an effect on the inflation rate. If you think through it, it has to have an effect. Anytime one of the variables that goes into the expense of the product or service increases, it will eventually increase the price of the product. When that product or service increases in price it has a trickle through effect and other goods and services will likewise increase over time.

Feb 22, 2014 9:25am EST  --  Report as abuse
Bakhtin wrote:


You should stop typing, because every time you do you reveal how little you know of either business or economics. Your premise that cost always get added to the price is nonsensical on two counts.

First, prices are not calculated on costs. Prices are calculated on what the market is willing to pay. They are calculated to achieve maximum profit or maximum volume. As anyone with any experience of business knows, that is a factor of both profit margin and volume. Dumbed down for Republicans, one million units at $1 profit beats 300,000 units at $2 profit.

So, while *you* may just pass an increased cost on to the consumer with not a seconds thought to the effect of that on the volume of sales, real-world business people have more knowledge than you and would not react so simplistically.

Second, you seem to think that wages are the only cost a business pays. They are not. In fact, in most businesses minimum wage earners are a relatively minor cost. Research from PERI concluded that a $10.50 minimum wage would increase the cost of producing a McDonalds burger by only 2.7%. Business Insider (admittedly only a newspaper) ran an article that found that doubling the minimum wage would add only 68 cents to the cost of producing a burger.

You could maybe quibble about the exact numbers if you wanted to be pedantic but the point made by both, that increasing a minor cost has very little effect on the overall cost, is sound.

You are just following the Fox line of scaremongering about run-away inflation (again… when are they going to drop that line?) without thinking it through. The effect on inflation would be minimal, and give how low inflation is in the USA an increase (if any) would not be a bad thing.

Feb 22, 2014 11:33am EST  --  Report as abuse
tobikiri wrote:

$10.10/hr? Why not $50/hr? Everyone would want to work and we can make every working American affluent and end poverty. No more need for welfare, everyone can afford their own health insurance and the government would be flush in taxes to pay off our debts. Win/win. Utopia!

Feb 22, 2014 12:21pm EST  --  Report as abuse
4825 wrote:

@Bakhtin- You would obviously have difficulty running a lemonade booth. If you don’t believe that goods and services are priced taking costs into account then you know less than even I thought you did.

Feb 22, 2014 11:46pm EST  --  Report as abuse
Bakhtin wrote:

4825… do I have to teach you everything?

Scenario 1: give your products away for free – volume is sky-high but profit margin is negative. You don’t make any money.

Scenario 2: price approaches infinity so nobody can afford your product- profit margin is sky-high but volume is zero. You still don’t make any money.

If you start at scenario 1 and keep increasing the price, you will lose volume but make more money. If you keep increasing the price, as you approach scenario 2 volume falls so fast that you make less money even though your profit margins increase. This is called a demand curve, and the correct price is at the top of the curve. You don’t have to draw a demand curve like this – mathematically it is d^2R/dQ^2 > d^2C/dQ^2.

Note that so far, production costs have not come into the pricing at all.

This is where 4825 reveals how little he knows. He doesn’t understand that cost are not fixed. He doesn’t understand that cost vary with volume of production. Once you have found maximum demand price, you know your volume. Then (and only then) you can work out the production costs and hence profit. Perhaps, at this point, the price may be adjusted for maximum profit, but it will never be far from maximum volume as that is generally where minimum cost are.

In simple terms, outside your ridiculous Fox world, demand sets prices and costs simple determine profit. Only a Republican would operate outside the demand curve…

Feb 23, 2014 1:21am EST  --  Report as abuse