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’ . . .