This week I’m in Washington DC and maybe you didn’t hear about it, but there was an earthquake here yesterday. It wasn’t a physical disaster but a political one and the epicenter was the White House.Yesterday the non-partisan Congressional Budget Office released a report stating that Obamacare will cause some 2 million Americans to lose their jobs. According to a report by Stephen Dinan of the Washington Times,
Obamacare will push the equivalent of about 2 million workers out of the labor market by 2017 as employees decide either to work fewer hours or drop out of the job market altogether, according to estimates released Tuesday by the Congressional Budget Office.
The analysis set off a furious debate in Washington. The White House argued that the reduction is positive because it means Americans will forgo jobs or extra work to stay home with their children or strike out on their own as entrepreneurs.
Thanks to our friends at C-SPAN, you can view the video here.
This administration has more spin than a Maytag and endless weak stories to cover lies. But yesterday, watching Obama’s Chairman of his Economic Council try to explain it’s a good thing to lose your job or work less hours because you’ll be receiving more government subsidies or taxpayer largesse was unconscionable.
White House chief economic adviser Jason Furman said the health care law is about giving workers more choices and having more quality family time.
“Maybe a spouse who wanted to be part-time so they could spend more time with their family now is able to do that,” Mr. Furman told reporters. “Somebody else who wanted to start a business and become an entrepreneur and was terrified of doing it because they’d lose their health insurance, is now able to do that too, and switch and take a chance on creating jobs and growing the overall economy. So there’s a lot of new choices that this will facilitate.”
No Mr. Furman, Americans are fearful of starting a new business because of the horrific economic situation resulting from Obama administration policies and the regulatory environment that presents more obstacles than access to small business growth. And I don’t think any of the long-term unemployed would say they’re delighted to spend more time at home.Americans were told Obamacare would create more jobs. That is a lie. Now Obama and his progressive socialist acolytes are working on “fundamentally transforming” the American work ethic.
Hard to believe the Democrats simply “misspoke” about this one. Nancy Pelosi said Obamacare would create nearly 4 million new jobs. President Obama stressed how this would be good for our economy and not add to our debt or deficit. So who is paying for the Obamacare ads?
You may recall our quick lesson on the Cloward-Piven strategy which is focused on ending poverty in America by overloading the welfare system to the point of collapse. The insane objective is to eradicate poverty by having the government provide direct income.
Sounds to me that’s exactly what the CBO has uncovered. The intent of the Obama administration is to force Americans into job loss or part-time employment and then provide government compensation. Obamacare is not a failure, sadly it’s doing exactly what it was intended to do, collapse the healthcare industry and health insurance markets.
The American people will not agree with an insurance bailout as written in the insurance corridor clause of Obamacare (I hope). Therefore, this nation will be forced into a single-payer system, Medicaid for all. And, that ladies and gentlemen, will just plain suck, regardless of what social utopian liberal progressives believe.
As Mr. Dinan reports, “The CBO said the number of workers dropping out of the labor force will grow from 2 million in 2017 to 2.5 million by 2024. Although part of those numbers are attributed to job cuts, the vast majority represent workers who decide it makes more sense to stay home or work fewer hours, weighing the higher taxes they pay in the workforce versus their qualifications for benefits if they drop out.
Welcome to Obama’s America where you choose government largesse over hard work. And as long as the progressives supply the government benefits, guess for whom those in this dependency state will vote? Of course voters will keep in power whoever feeds them. And that’s the insidious plan behind all of this. Power – over you, my friends.
We were told Obamacare would increase jobs and help the economy, not true. We were told we could keep our health insurance and doctors, not true. We were told it was meant to provide affordable health insurance, not true. We were told it would provide coverage to those without health insurance – but more people lost their insurance and most are just signing up for Medicaid. We were told it wouldn’t affect the debt or deficit, but the original cost of Obamacare in 2010 was $940 billion, and now it is over $1.7 trillion, and rising. We were told there would be a $2500 decrease in premiums, nah.
It all sounded good in theory, because liberal progressives are academics who don’t live in the world of reality and practical implementation — just like the “War on Poverty” which after $20 trillion has only expanded poverty.
Yep, an earthquake hit DC yesterday. But the real question is, will the tremors reverberate throughout the nation and shake people back to their senses?