Tuesday, September 16, 2014

So what has Obamacare done for employment?

350,000 jobs lost:
Businesses are cutting jobs due to ObamaCare, according to surveys by several regional Federal Reserve Banks.

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."
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.

1 comment:

Glen Filthie said...

Hmmmmmmm. It's almost like there is one of those actions/consequences things going on...but I just can't put my finger on it...kinda like when they voted for Obama...!


As a neocon scumbag I really, really hate to get into realpolitik here. But the fact is, BP, that if conservatives started banging on this, the low IQ, low information voters that gave Obama his job - would go nuts. What other items of their 'gimme dat free shit' would would get taken away? Up here in Canada, if a politician even mentions the word 'healthcare' the seniors start chimping out without even listening to what they have to say.

I think it can be argued that harping on this would backfire. Sure, it makes sense to you and I or anyone else with a triple digit IQ...but those kinds of people are a rapidly shrinking minority.