CNN Lying Agenda for Today: Minimum Wage HikeSubmitted by matt_ on Mon, 03/03/2014 - 14:35
This morning I watched an interview of Warren Buffet on CNBC. He was asked about his support of the minimum wage increase to $10.10, as proposed by the White House. His response was that he would love to increase the minimum wage even higher to $15 if there were no economic consequences.
However, there are negative consequences, so Buffet suggested increasing the earned income tax credit would be a better way to go. Buffet was also told the White House estimate of jobs lost would "only" be 500,000 if the minimum wage was increased to $10.10, but the White House gave a range of potential job losses from 0 to 1 million.
He was asked what number he thought was most accurate, he responded by saying that he didn't know, but agrees on the direction of change in number of jobs, which is why he would rather see an earned income tax credit increase instead of a minimum wage increase.
How does CNN distill down this interview? With the following headline:
"Buffet: I'd love to see minimum wage at $15 an hour"
Unbelievable. Sometimes I think I am living in 1984. Yes, Buffet said he supports increasing the minimum wage because he opposes it.