Obama's Plan To Make A Bad Economy Much Worse

I was reading a post over at Ace Of Spades and they had linked to Obama's transitional website, change.gov. The agenda part of the website had been scrubbed after some interesting information appeared. But, thanks to Google, we have a cached page.

The interesting tidbit I found was that Obama wants to raise minimum wage to $9.50/hr.

Increase the Minimum Wage: As president, Obama will raise the minimum wage to $9.50 an hour by 2011 and index it to inflation so full-time workers can earn a living wage that allows them to raise their families and pay for basic needs such as food, transportation, and housing – things so many people take for granted.

Now combine this minimum wage increase with the higher taxes he plans to impose on business. This is just another cost that is passed on to the consumer. That $9.50 is not going to make your life easier when prices increase because of higher taxes and higher wages.

That's CHANGE we can believe in.