“Well, actually, when I was governor the legislature passed a law raising the minimum wage. I vetoed it.”
Are you surprised that he is bragging that he vetoed a bill that would have raised the minimum wage when he was Governor?
Mitt Romney certainly doesn’t seem to care about a person’s ability to feed their family at a blue collar job. Needless to say…he made tens of millions on big private equity deals where he would buy a company, fire all the employees, hire them back with a smaller salary and reduced benefits (if he didn’t send their job overseas)…or he would buy a company like Dominoes and pay the vast majority of them minimum wage. Of course he vetoed the minimum wage – it would cut directly into HIS bottom line profits.
Of course – Mitt Romney is the guy that has refused to say whether or not he’ll remove loopholes for the very rich, developed a tax plan that is skewed for the 1% of highest earners, thinks that if you can’t afford college but want access to higher education then you should join the military, the guy who thinks that unlimited funds should be able to go directly from wealthy donors and corporations to candidates, the guy that doesn’t worry about the poor, and he’s definitely the guy who has supported the House Republican Paul Ryan plan to essentially privatize Medicare, eliminate Medicaid in order to pay for tax cuts for the rich.
Starting at the 4:50 mark
“So, certainly, the level of inflation is something you should look at and you should identify what’s the right way to keep America competitive. So that would tell you that right now, there’s probably not a need to raise the minimum wage.
What I can tell you is had one indexed the minimum wage back to 1990, the minimum wage would be lower now than it actually is. Democrats make big hay of this. Every few years, ‘oh, we’re going to raise the minimum wage’ and get a lot of hoopla for it.”
Of course – minimum wage is actually at it’s lowest point since 1950 relative to where we have been in real wages until a law passed which increased the minimum wage to $7.25. Source HERE. The chart below shows the minimum wage increases year to year in blue and the “real” wages when taking into account inflation. I believe the chart uses 2009 or 2010 wages for comparison.
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