The Obamacare job killing plan

Neal Boortz:

What happened almost immediately after Dear Ruler signed ObamaCare into law?  The private sector stopped creating jobs, that’s what.  Yeah, I know … Nancy Pelosi said that the passage of ObamaCare would create 400,000 jobs “almost immediately,” but she was as full of yak squeeze on that one as she is on most of her other pronouncements.

A new report from the Heritage Foundation highlights the correlation between the time ObamaCare was signed and job creation figures.  From January 2009 through April 2010 (when ObamaCare went into effect), we were created jobs at a pace of about 67,600 per month.  After ObamaCare was passed, that figure dropped by 90% to just 6,400 jobs a month.  While it can’t be said for sure that ObamaCare was the cause, the timing is convenient and would be in line with interviews, articles and polls showing that job creators are stifled by uncertainty, government regulations and higher taxes … all of which are a guarantee under ObamaCare.  The Heritage Foundation offers a few reasons as to why ObamaCare discourages employers from hiring....

...
One of the biggest job killers is the 50 employee cutoff for requiring compliance with the rationed health care plan.  Employers close to the cut off just quit hiring to avoid the hassle of dealing with higher cost insurance and uncertain rules.  Pelosi was just dead wrong about job creation as has been Obama.  Other regulations like the awful Dodd-Frank law which was passed to cover up Democrats screw ups which caused the housing and financial debacle also contributed.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t...
Read more

Is the F-35 obsolete?

Headline USA: Pentagon Fires Back after Musk Calls Its Most Expensive Project ‘Obsolete’ 'Yeah, as I'm sure you can appreciate, Mr. Musk is, currently, a private citizen, I'm not going to make any comments about what a private citizen may have to say about the F-35....'   ... ... Drones appear to be replacing jets for many operations.  The Russia-Ukraine war is an example of that.  Drones are often hard to detect and can be used for intelligence operations as well as for attacking enemy targets.  It would not surprise me to see drones engaging other drones in combat.  They also cost much less than manned fighters.  
Read more