It's Monday again and Robert Samuelson has written his opinion piece for the Washington Post. Dean Baker does his usual job of taking apart his arguments. In this case, Samuelson takes a line out of the CBO report about the impact of the minimum wage and he ignores the qualifications made by the CBO. If you watch Fox News you probably already know the line that Samuelson quotes. The CBO report said that as many as 500,000 jobs could be lost by raising the minimum wage. Dean Baker reports the full statement about potential job loss and he explains what job loss really means. We have learned to expect this kind of reporting from Robert Samuelson. He is not the real problem. The real problem is that the Washington Post has Robert Samuelson instead of Dean Baker writing its opinion articles on the economy.
Samuelson also claims that the ACA will lead to job loss, and that the XL Pipeline will create jobs. Dean Baker comments on those claims as well. He also points out that the XL Pipeline will lead to the burning of more dirty oil products that will contribute to global warming. Conservatives who claim to care about future generations when it comes to estate taxes, seem to care less about the kind of environment that we will leave to future generations.