« | »

White House Says It’s Not Going After The CBO

From the Washington Examiner:

White House: ‘We’re not going after’ CBO

By Meghashyam Mali | FEBRUARY 19, 2014

The White House on Wednesday downplayed criticism that they had unfairly attacked a Congressional Budget Office report on the minimum wage, insisting that they were “not going after” the nonpartisan agency.

“We’re not going after anyone,” said White House press secretary Jay Carney to reporters aboard Air Force One, en route to Mexico, where the president is joining the North American Leaders Summit.

The White House must not have been able to find any dirt on Mr. Elmendorf. And they are afraid they can’t keep him in line. So they are backing down — for now. Knowing that they need the CBO to keep carrying their water as much as possible.

The CBO released a report on Tuesday which found that raising the wage would help boost incomes for 16.5 million Americans and lift 900,000 people above the poverty line.

And never mind the people who will be thrown into poverty by losing their jobs. (Up to a million people, plus their families.) And never mind the people in poverty or on fixed incomes who will have to pay more for goods and services.

But the report also cautioned that the wage hike would cost the economy about 500,000 jobs by 2016…

In fact, the report said it could cost the economy up to 1 million jobs.

The White House touted the income numbers but challenged the data claiming it could cause more unemployment.

“As Jason Furman, the President’s chief economist, said yesterday, we respectfully disagree with that particular conclusion and point to the deep and wide body of academic research on this that supports our view,” Carney added. “Obviously we have enormous respect for the CBO, and I think that’s reflected in the fact that we point to some of the other conclusions in that report.”

Yes, what can be more respectful than saying that you don’t know what you are talking about? And that the universal consensus of economists who know what they are talking about is the exact opposite.

Carney said many economic experts in the field had found there would be no job losses from raising the minimum wage.

Who in their right mind believes you can raise the minimum wage and not have any businesses cut jobs? That is Economics 101.

“But again, that’s a respectful disagreement on a particular finding in which the experts in the field have expressed a different view,” he said.

Again, there was nothing respectful in their criticism. And there really isn’t another view here. You raise the minimum wage and employers are going to cut workers. This isn’t rocket surgery.

This article was posted by Steve Gilbert on Thursday, February 20th, 2014. Comments are currently closed.

One Response to “White House Says It’s Not Going After The CBO”

  1. Right of the People

    That statement is up there with, Check’s in the mail, I’ll respect you in the morning and I never inhaled.




« Front Page | To Top
« | »