Videos: Tammy on Fox Business Discussing Greece and Obama’s Overtime Pay Expansion

by Patricia on July 1, 2015
Posted in: Politics

T on MM 7-1a

Tammy was part of the panel on ‘Making Money’ with Charles Payne discussing the Greece debt crisis, the U.S. economy and President Obama’s new overtime pay rules.

Does the U.S. have something in common with Greece?

Wilbur Ross: A ‘no’ vote in Greece is a deadly thing

Obama proposes to expand overtime pay rules

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4 Comments | Leave a comment
  1. ancientwrrior says:
    July 1, 2015 at 22:05

    Once again the prezy has come up with a shell game, to move pieces around giving the illusion that it is making things better for some, (it’s not), while shafting most everyone with his slight of hand.

  2. Pat_S says:
    July 2, 2015 at 07:06

    This is where I part company with conservatives. It’s OK for someone who earns less than $23,660 for a 40-hr week to earn less than $23,660 for a 50-hour week?

    Conservatives always cast this sort of thing always as a matter of jobs or no jobs never a matter of greed. They argue it is better for the employee not to get a benefit. There is another side of the argument. If a greedy business owner needs the work of three people, he hires and pays for two then has them do the work of three keeping the third salary for himself. Don’t say this doesn’t happen.

    It isn’t always best for the economy to squeeze the most out of workers for the benefit of management/owners. If few can afford to buy enough of the products and services to keep the wheels of commerce spinning there will be no jobs for workers and no income for owners. Capitalism is a great system for wealth creation but it has to be equitable or it isn’t worth keeping. Equitable doesn’t mean income redistribution. It means stop squeezing the workers.

    You bet government will step in when this kind of crap happens. The first wave of the Progressive movement brought in the five-day, forty-hour work week. Is that a good thing or do conservatives want to roll that back to make more jobs?

    If we want do keep government out of business then business has to do the right thing towards workers. From the top down it looks like a choice between jobs or benefits. From the bottom up, it is a question of exploitation or rebellion.

    • Alain41 says:
      July 2, 2015 at 10:03

      Don’t think that we’re that far apart.

      With the elimination/destruction of middle management (for multiple reasons) and with increased minimum wage, the position & pay of first-level supervisors are spotlighted. You could have a review/discussion of what if anything should our rules/practices be revised considering this current reality. But Obama is just making a pure ideological/political decision. Some businesses that don’t give overtime for the positions under consideration here, do give annual bonuses to those workers. Their response will likely be, okay we’ll pay the overtime, cancel the annual bonuses and mandate no overtime. Big business stocks will react favorably.

  3. Alain41 says:
    July 11, 2015 at 20:31

    Excellent column by Charles Lane, WaPo, on Puerto Rico and how its economic destruction was caused by the Federal minimum wage. Simplistically, the Fed. min. wage was/is too high considering the economic wealth of the nation (majority of people) and that led to emigration of the able bodied and an extensive black market. He wimps out a little at the end saying, so proceed with caution vs saying don’t raise it like Dems. are promoting, but still highly recommended reading.

    http://www.washingtonpost.com/opinions/puerto-ricos-lesson-for-the-mainland/2015/07/08/24e63970-25ad-11e5-b77f-eb13a215f593_story.html

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