• Del. Jimmie Massie: Democrats Can’t Legislate Away Mathematical Reality

    — Northam, Perriello $15 min wage proposal defies economic reality, common sense–

    Del. Jimmie Massie, R-Henrico, delivered this week’s Virginia GOP Address.

    Remarks as prepared for delivery:

    “Hi, I’m Delegate Jimmie Massie, and I represent 80,000 Henrico citizens living in the 72nd House of Delegates district.”

    “On March 9th, both of the Democrat candidates for Governor, Tom Perriello and Ralph Northam, came out in favor of a $15 per hour minimum wage for Virginia. This would be a 107% increase from the current $7.25. It’s difficult to think of a policy that could do more harm, more quickly to our economy that this one.

    “Democrats are attempting to mask their major economic policy failures with another policy that is doomed to fail. ”

    “Our national economy hasn’t grown at more than 3 percent per year in the past 11 years. This is the worst economic performance of the past century! As late as 2004, Democrats were complaining that 4 percent annual growth was inadequate and represented a crisis for our nation. Virginia’s economy has performed even worse, it only grew 2 percent in 2015 and less than 1 percent for the prior 4 years, lagging behind the nation as a whole when historically Virginia’s economy always grew faster than the national economy.”

    “Democrats will not concede that the policies of President Obama and Governor McAuliffe have created this problem, but they do recognize that we do have a growth problem. Their solution, though, goes right back to the same worn out playbook they’ve always used.”

    “If economic growth won’t produce wage growth, then they’ll simply mandate it with a law. ”

    “This reminds me of one of the biggest acts of legislative hubris ever. ”

    “This week we marked Pi Day, March 14th, in recognition of the ratio of a circle’s circumference to it’s diameter, 3.14 and so on. Pi is one of those things about the universe that never changes, no matter how much we might want it to. Democrats never change…their economic policies do not work for the economy or in the polling booth , just as Hilary Clinton.”

    “In 1897, the legislature of Indiana entertained a bill that set to declare the value of pi as 3.2. Mathematicians the world over howled at the idea, and the bill died a quick death in the Indiana Senate.”

    “You can’t just legislate mathematical reality out of existence. But that’s just what Ralph Northam and Tom Perriello have promised to do!”

    “In their race to the liberal left, these two candidates have proposed a wage that is more than twice the existing minimum wage. Even Maryland, not known as a bastion of free market economics, would have a lower minimum wage. ”

    “A full 70 percent of our businesses and residents are within an hour of a lower minimum wage. It doesn’t take a mathematician to figure out what happens – Virginia businesses and customers will simply vote with their feet and take jobs and economic activity out of the Commonwealth.”

    “Economists across the political spectrum agree that a $15 minimum wage would be a disaster. Vox.com, the center left Brookings Institution, and President Obama’s former chief economic advisor have come out against a $15 minimum wage. ”

    “The reason the policy is damaging is simple, the government cannot mandate that all work is worth $15 per hour. This policy would clobber mom and pop small businesses and make it harder to hire younger, less experienced workers and the poor.”

    “And we haven’t even talked about what this would do to the prices we all pay for goods and services. ”

    “Ralph Northam and Tom Perriello are trapped in a race to the liberal left for their party’s nomination this June. They need support from labor unions and other groups that have supported this horrible economic idea.”

    “Democrats, and Virginians as a whole, would be much better served if these two Democrats paid as much attention to mathematical an economic reality as they do to the special interest groups they’re trying to please.”

    “I’m Delegate Jimmie Massie. On behalf of all Virginia Republicans, thank you for watching, and have a great weekend. “

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