WASHINGTON–At and early morning news conference
on the steps of the U.S. Treasury, standing next to James Earle Fraser’s bronze
sculpture of Alexander Hamilton, Speaker of the House John Boehner explained
the latest Republican plan to slash the unemployment rate.
“We all know that raising the minimum wage is a job killer; that’s why Republicans consistently fight any attempt to raise it. Well, if raising the minimum wage destroys jobs, then extrapolating backwards implies that reducing the minimum wage will create jobs. So if we want to put Americans back to work, then we need lower the minimum wage. That’s why later today I’ll be introducing a bill reducing the federal minimum wage to $1.37 per hour. ”
Incredulous reporters asked the Speaker if such
low wages would actually hurt the economy by taking away consumers’ purchasing
power and reducing demand.
“Don’t be ridiculous,” replied the bronze
Boehner. “If consumers have less money to spend, inflation will evaporate and prices
will naturally fall, stimulating demand.”
A reporter for The Onion asked why it took
Republicans so long to present their latest proposal since it was such an obvious
extension of long established conservative principles.
“Look, math is hard,” explained Boehner. “Complex
economic reasoning is not the sort of thing any random idiot can do
effectively. But back in 2005, Rep. Michele Bachmann had an insight that I think we were too eager to dismiss. Let me share the genius that is Michele Bachmann.”
"If we took away
the minimum wage -- if conceivably it was gone -- we could potentially
virtually wipe out unemployment completely because we would be able to offer
jobs at whatever level." – Michele Bachmann, 2005.
“Given Bachmann’s transcendent observation,”
continued Boehner, “you might be asking why we don’t eliminate the minimum wage
altogether and let wages fall to essentially nothing? If wages fell to zero,
then the demand for workers would become infinite. I’m not sure why; I think it has
something to do with division by zero. Remember, math is hard. But back to the
point–infinity is a really big number, and according to the Census Bureau we don’t have that many workers.”
“There is one other thing we must do. This plan won't work unless we also increase security along our southern perimeter,” cautioned Boehner.” Such a dramatic change in the employment situation is sure to send
millions clamoring across the border.”
2 comments:
I just laughed off my asymptote
Bachmann and Boehner? Those two couldn't come up with a beer fart in a windstorm!..
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