Businesses are cutting jobs due to ObamaCare, according to surveys by several regional Federal Reserve Banks.Man, nobody could have seen that coming. All the proof that you need that the GOP is the Stupid Party is that you don't have campaign ads 24/7 on this, featuring people who have been put out of work. #GOPTooStupid2Live.
Health economist John Goodman noted that "three Federal Reserve Banks in Philadelphia, New York and Atlanta have surveyed the folks in their area and roughly one fifth of the employers are saying they cut back on employment.
“Roughly one fifth are saying they're moving from full time to part time,” Goodman added. “More than one in ten are saying they're doing more outsourcing - all this because of the new health care reform."
Doug Holtz-Eakin, former Director of the Congressional Budget Office, said “for the smaller employers -- those that have between 20 and 49 employees -- you get a negative impact on jobs, you get a negative impact on wages in those jobs. What this means for small business as a whole is over $22 billion of earnings gone for their workers and 350,000 jobs."
Tuesday, September 16, 2014
So what has Obamacare done for employment?
350,000 jobs lost: