Out of ideas and out of their minds

Obama's house think tank proposes an increase in the minimum wage.  With most young adults unemployed, it's time to raise the price of unskilled labor?  This is what intellectual bankruptcy looks like.  And the Obami have a bad case of it.

"The Center for American Progress, often called the think tank for the Obama White House, recently recommended another increase in the minimum wage to $8.25 an hour. Though the U.S. unemployment rate is 9.1%, the thinkers assert that a rising wage would "stimulate economic growth to the tune of 50,000 new jobs." So if the government orders employers to pay more to hire workers when they're already not hiring, they'll somehow hire more workers. By this logic, if we raised the minimum wage to $25 an hour we'd have full employment."

~WSJ editorial