Rick Santorum: All of Obama’s Policies Are Harmful to Low-Income Workers

VARNEY: "I want your reaction, please, to that other CBO report that we ran just a few minutes ago which suggested that if you raise the minimum wage to over $10 dollars an hour, we would lose 500,000 jobs. You're reaction to that sir?"
SANTORUM: "Well, the reaction is that if you dramatically increase the cost of labor it's going to have a ripple effect. And here's the point. What we've seen from president Obama is that his policies -- while he runs around and talks about the middle class and how much he likes the middle class and how much he tries to help those who are hurting -- all of these policies hurt low-income workers, hurt people who are trying to climb the ladder, and in fact create disincentives to work, as we saw with ObamaCare. And the folks that he's helping, you know, with Dodd-Frank and a whole host of other policies, are the folks who are at the top 1 percent. That's why you've seen their income grow. If you're a real estate holder, if you're investments, you've made a lot of money under president Obama. But if you're at the bottom end of the income scale, you're getting it stuck to you. All for great, you know, high-sounding reasons that you're helping, but what you're really doing is hurting them in your efforts, because the president doesn't understand how the economy works."