Billy Come Lately

Bill Clinton knows three reasons why Americans' wage growth has been non-existant under President Obama. He shared these pity thoughts at the Clinton Global Initiative meeting over the weekend. These insights are: 1) a loose labor market, 2) a stagnant job mix, and 3) poor economic growth. He suggests three solutions: 1) raise the minimum wage, 2) companies should share more of their profits with their workers, and 3) reform the corporate taxing system … see: CNBC Story.

Except for corporate tax reform, I feel that none of these thoughts were that economically profound … in fact, like most of Clinton’s pronouncements from on high, they were just weak syllogisms or tautologies. What about fewer government regulations? What about fixing Obamacare? What about stopping the flood of cheap labor through illegal immigration? What about reducing government wasteful spending? What about free-trade agreements particularly with Central and South America? What about encouraging rather than trying to stifle this country’s energy development? Just to name a few …

Nevertheless, I have a suggestion … Bill, you had a phone and your wife had President Obama’s private number. Perhaps you could have rung him up sometime over the last six years and offered him some advice on how you would fix things? Instead of Billy come lately ...