Barack Obama Live Coverage

barack obama live coverage
Promoting Cleaner, More Efficient Vehicles

What is your opinion of this quote?

“When I’m President, I will raise the minimum wage and make it a living wage by making sure that it rises every time the cost of living does. I’ll start letting our unions do what they do best again – organize our workers and lift up our middle-class. And I’ll finally make sure every American has affordable health care that stays with you no matter what happens by passing my plan to provide universal coverage and cut the cost of health care by up to $2500 per family.”

Barack Obama, July 18, 2007, in Washington D.C.

If you did that, we would have runaway inflation. Wages goes up, price of products go up. Cost of living goes up. Wages go up, price of products go up, Cost of living goes up. Be a big circle until we would have to have a dump truck of money to buy a cup of coffee. So I think it’s absolutely insane and whoever said it has no idea how the economy works.

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