I am highly amused by the reaction of our much cosseted criminal class (Bankers and their Allies) to the new proposed overtime rules. When I read some of the reactions I recalled my high school US history class when we had the unit on the Great Depression and all the efforts to pull us out of our death spiral, not the least of which was the Fair Labor Standards Act of 1938, which established a minimum wage amongst many other reforms.
I’m going to give you some quotes and see if you can tell if they are from today or from 1938:
- ” [this] crackpot legislation…is utterly impractical…[and] would be much more destructive than constructive to the very purposes which it is designed to serve.”
- “Supporters of these regulations say they want to increase Americans’ take home pay, but these sweeping changes to the rules could mean anything but. If these regulations stand, that mobility and adaptability of employee schedules, which make our industry appealing, will be severely diminished.”
- “…[it] constitutes a step in the direction of communism…”
- “[Overtime] will not guarantee more income, but instead will negatively impact small businesses and drastically limit employment opportunities.”
- “It seems as if these proposed rules have the potential to radically change industry standards and negatively impact our workforce.”
- “…[it] will destroy small industry.”
- “[how could business] find any time left to provide jobs if we are to persist in loading upon it these everlastingly multiplying governmental mandates and delivering it to the mercies of multiplying and hampering federal bureaucracy?”
So if you too think that you hear an echo, you are not crazy. They’ve been pissing on our leg and telling us it is raining for 75 years.
I’d also like to call your attention to yesterday’s NYTimes editorial, which concludes with:
“No party and no politician that opposes the new overtime rules can credibly claim to care about the middle class.”
This really is the the Kobayashi Maru for Wingnuttia: they can’t support overtime because The Kenyan Usurper wants it and their nutty base will eat them with fava beans and a nice chianti, but they can’t oppose it because reveals their inequality rhetoric is as empty as their suits.