Thursday, July 21, 2011

Strong correlation of Obamacare to joblessness

So it was Obamacare that caused the huge loss of jobs and the lack of new jobs... Hmmmm.

By 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:

  • Businesses with fewer than 50 workers have a strong incentive to maintain this size, which allows them to avoid the mandate to provide government-approved health coverage or face a penalty;
  • Businesses with more than 50 workers will see their costs for health coverage rise—they must purchase more expensive government-approved insurance or pay a penalty; and
  • Employers face considerable uncertainty about what constitutes qualifying health coverage and what it will cost. They also do not know what the health care market or their health care costs will look like in four years. This makes planning for the future difficult

Creating jobs, better healthcare .. these are not important compared to the idea of making more people dependent on the government.


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