If I were in charge of the government, I would index the minimum wage to inflation, so that way, everybody knows what they can count on.
Sentiment: NEGATIVE
Inflation was driven by higher labor costs, not higher goods costs. Frankly, I'd love to see a little bit of that. Because I'd love to pay people more. I'd love to see rising wages for everybody.
I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
In the general economy, you get government involved in making market decisions - first of all, they're going to get it wrong. For a minimum wage, you will actually reduce the number of jobs available.
I would be open to a proposal that would have some minimum tax level for everyone.
The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.
I would cap the amount of federal government can spend at 20 percent of the economy. Bring it back to 20 percent or lower. And say, we are not going to spend above that level. Democrats, they want to raise your taxes and spend more and more and turn us into an economy which is no longer driven by the private sector.
The worst thing that we could do is raises taxes. It would only hurt the economy.
I think anybody who looks at my record will say I've been trying to cut government spending and make government live more like families do.
We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is.
I don't think we should run government based on economists' predictions.