The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Yes, ObamaCare Kills Jobs

Posted on | April 1, 2014 | 39 Comments

File this under “Not Exactly News.” Anyone with a rudimentary knowledge of basic economics understood that the complex and burdensome system of mandates in ObamaCare would impede job creation. But nothing is true until the “experts” say so, I guess:

The Republicans just got a big gift from the Congressional Budget Office: It’s going to be a lot easier for them to call Obamacare a “job killer.”
That’s because the budget office’s new economic report, released Tuesday, says the health care law will cause Americans to work fewer hours — enough to be the equivalent of 2 million fewer jobs in 2017.
The latest number is nearly three times as high as the budget office’s previous prediction, and it’s supposed to rise in later years to the equivalent of 2.5 million jobs in 2024. . . .
The projection will put the White House, and especially red-state Democrats, in an even more awkward position heading into November. Until now, they’ve mostly had to worry about stories of canceled health plans and, of course, the botched website rollout. Now they’ll need to figure out how to counter, or at least explain, the new CBO job figures.

There are two Americas. In one America, people understand economics. In the other America, people vote for Democrats.

It might help to read Basic Economics by Thomas Sowell. Just sayin’ . . .

 

Bookmark and Share

Comments

  • http://www.journal14.com/ Dana

    This is the second site I’ve seen reference this story, and I noted that the linked article is the same one talked about back in February; it’s dated February 5th.

  • scarymatt

    Yeah, and this is actually great news. What is RSM going on about? More people liberated from their dreary lives of providing for themselves! Free to be artists!

  • http://evilbloggerlady.blogspot.com/ Evi L. Bloggerlady

    So ObamaCare kills jobs like flesh eating zombies (and possible cannibals) kill the living? http://3.bp.blogspot.com/-tLzLVl2o_f0/UzrdengIrVI/AAAAAAAAgcM/UpML_X-Jh_I/s1600/Capture.PNG

  • Pingback: On Voting Republicans Out Of Office - Page 295

  • RS

    While O-Care’s effects on the economy are not to be understated, I note only that when the focus is on jobs or employment, the focus is on the wrong thing. Jobs and employees are not–repeat–not a benefit to employers. They are a cost. They exist for one reason and only one: The employer can make more money by hiring someone to do something than if the employer did the task himself. Regulations of all sorts, but especially those tied to the number of workers or tied to employment generally, decrease that margin and create disincentives to create jobs. The focus should be on making it easier for entrepreneurs to make money, by eliminating the barriers to being in business in all forms. If business people are making lots of money, jobs will follow because it’s worth it to the business owner.

    And I speak as a literature major cum business owner/employer.

  • http://www.journal14.com/ Dana

    One of us is glad that a literature major has been able to create a job for himself.

  • http://wizbangblog.com/ Adjoran

    ObamaCare treats America like the three-legged pig in the old joke.

  • http://wizbangblog.com/ Adjoran

    Stacy ain’t no clock-watcher.

  • RS

    In fairness, my literature degrees were obtained back in the day when a degree in the humanities still meant something. I weep when I see the postmodern drivel that passes for scholarship in my field.

  • Pingback: Weiner Relaunch | Regular Right Guy

  • ConsSayNoHealthcareForYou

    So, when it was Romneycare, Mitt Romney, and Heritage President Jim Demint didn’t know anything about the economy either?

    In this Fox interview Demint said Romneycare should be nationwide.

    Anyway, I’m saving a boatload of money on my insurance because of the ACA.

  • Rob Crawford

    On your parents’ policy then, are you? Or does being an OFA staffer come with a discount insurance policy?

    And why do you assume we care what Romney helped inflict on Commiechussetts, or what Demint says? Unlike you fascists, we don’t march in lockstep.

  • ConsSayNoHealthcareForYou

    Yeah, that must be it: I either work for the government, or have my parents pay for it. You douchebags need new material. I got a good deal through the exchange. Im sorry if you didn’t. Well, not really sorry for you personally, but whatever…

    Because you care about Heritage, and using the words of conservatives to discredit other conservatives is always a good thing.

    Yeah, fascism, is getting people healthcare, but not forcing women to have children they don’t want. Some logic you got there, dummy.

  • Quartermaster

    Most people aren’t getting a good deal. A lot of people that decent plans lost them. Next comes employer plans.

    You are a fascist. Throwing around the strawmen you throw around doesn’t save you. You simply are clueless as to what fascism is.

  • RS

    Actually, what you got most likely is a subsidy on the actual cost, which means that someone else is paying for it. The truth is, when you look at the actual cost of policies without regard to artificial reductions due to cost shifting none of the policies are even close to what was available before.

    According to eminent economic scholars and healthcare analysts like yourself, my former insurance policy was a piece of crap. Indeed, I’m much better off now, towit: My $690 per month premium for five people doubled as did my $5000 deductible and none of my doctors whom I’d had for 15 years were on the plan. Oh, and certain meds I take are also not covered for an additional $4800 per year.

    Guess what? That totals up to enough to keep me from hiring a new entry level worker.

    If you got a good deal via O-Care it’s because you were contributing nothing to common weal to start with.

  • RS

    Oh, and you somehow neglect to mention the blatant “keep your policy, keep your doctor, save $2500 per year lies that were told to sell this to the public, not to mention the fact that there are still the same number of uninsured people in this country as there were before the nightmare passed.

  • http://boogieforward.us/ K-Bob

    Are you arguing with your invisible friend? If so, you’re going to have to supply his exact words so we can tell if you’re doing it right.

  • Pingback: ObamaCARE kills jobs says CBO

  • NeoWayland

    Rule of thumb, forcing someone to buy something is not freedom.

    Taking away choice is not freedom.

    Even without the increased costs, I now have fewer doctors to choose from. I have fewer health insurance plans to choose from. Except for the whim of the Imperious Leader (may his toenails grow ever longer), I don’t even have the choice to walk away.

  • http://boogieforward.us/ K-Bob

    I remember that day. Obama was lying on that date.

    It was a day ending in ‘y’, and at a time ending in “O’Clock.”

    He always lies at instances of alignment between those two things. Scientific fact.

  • http://aconservativeteacher.blogspot.com aconservativeteacher

    According to the Los Angeles, out of the 9.5 million who signed up for Obamacare, the numbers break down like this: 4.5 million previously uninsured people are now on Medicaid; 3 million previously uninsured young people are now covered because of a provision that allows them to stay on their parents’ policies until age 26; and 2 million previously uninsured people have purchased coverage on the Obamacare exchanges, 70% of whom use subsidies.

    Obamacare is exactly what we always thought it was- a massive expensive new government expansion of subsidized healthcare. If America were a communist nation and success was measured by how many people received government benefits, financed by higher taxes and massive borrowing, than Obamacare would be a massive success.

    Next time though, instead of destroying our entire healthcare system and driving up premium costs for everyone and throwing everyone off their health plans, let’s just have a national debate about massive new communist give away programs.

  • Finrod Felagund

    Obamacare: loved by thousands, hated by millions!

  • Pingback: The Daley Gator | As the president pitched the wonders (and likely overly inflated numbers) of ObamaCare to the low info voters…………

  • cmdr358

    Another freeloader?

  • cmdr358

    Douchebags?

    You go to the extremes of creating multiple anti conservative user accounts and id’s just so you can troll and harass and you call us douchebags?

    Loser.

  • DeadMessenger

    Hahahaha…Pelosi just said that Dems are going to run on jobs this year, not “health care.” Hmmm…is anybody surprised that Wasserman-Schultz is from Florida?

  • Pingback: Opinion and news for Tuesday | Walla Walla TEA Party Patriots

  • JonB

    This doesn’t mean anything in isolation. Interchangeable parts caused people to work fewer hours, too. Sometimes lost jobs just mean the economy is becoming more efficient.

  • scarymatt

    Sure, if you know nothing else. And probably that’s the case with a lot of LIVs and progs. But Obamacare is not the economy getting more efficient.

  • JonB

    According to the CBO these ‘lost hours’ are from positions that would otherwise be part time being full time to get health benefits.

    If you’ve got people slacking at work to hit an arbitrary number of hours, removing the need to slack is improving efficiency.

    ‘Course, it probably would have been even more efficient if the employers had arrived at this on their own and realized they were blowing money on inflated wage costs because of their outdated benefit policies.

  • scarymatt

    I can’t untangle your first sentence. My understanding is that employers are expected to react to the incentive of a giant step increase in employee cost by keeping people at hours below the Obamacare requirements.

    Your assumption about people slacking is just an ass pull that is probably true for some of Rubio’s non-star employees, but is bullshit spin at the macro level.

    Employees and employers had already come to conclusions about efficiency and employee worth, and Obamacare is adding costs, changing the incentives. It may result in some more efficient businesses as employers innovate and/or invest in more capital to avoid paying these higher labor costs. But it’s still an artificial bullshit incentive created by people who don’t know better.

  • Jonb

    Employers were expected to redistribute the same number of work hours to a greater pool of employees to keep each individual’s share below the Obamacare requirements.

    The CBO is predicting is that this will not happen – that the total number of hours will decline because it will turn out that all the work can get done without hiring on new people.

  • Bozikek

    Dems are gonna run on the same thing they do everyyear… vote for us because your TV tells you we are the good guys.

    And they will win to unless the GOP figures out to stop being the loser party.

  • juandos
  • Rob Crawford

    No, fascism is totalitarian government control of economic decisions.

  • Rob Crawford

    How are they going to run on jobs, when they’ve made them harder to find AND they’re calling to bring in millions more uneducated Mexicans?

  • DeadMessenger

    They’re pants-on-fire liars, and imbeciles believe the lies, is how. Sad, isn’t it, the lack of discernment and critical thinking? Frankly, they could run on the National Socialism platform and win, so long as they lyingly promised to continue amping up the entitlements.