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Federal Reserve: ObamaCare Leading to Layoffs ^ | march 8, 2013 | Jason Pye

Posted on 03/09/2013 5:27:24 AM PST by lowbridge

During testimony before the House Budget Committee in February 2011, Doug Elemendorf, director of the Congressional Budget Office, told Rep. John Campbell (R-CA) that ObamaCare would reduce employment by some 800,000 by 2021. The effects of the law on the job market was a point that many policy analysts were making before its passage.

Unfortunately, the Obama Administration and Democrats in Congress weren’t listening. And now, the Federal Reserve has released a report noting that ObamaCare is leading many businesses to layoff workers:

The Federal Reserve on Wednesday released an edition of its so-called “beige book,” that said the 2010 healthcare law is being cited as a reason for layoffs and a slowdown in hiring.

“Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff,” said the March 6 beige book, which examines economic conditions across various Federal Reserve districts across the country.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: healthcare; obamacare

1 posted on 03/09/2013 5:27:24 AM PST by lowbridge
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To: lowbridge

By 2021 zero will be enjoying the good life in his 30 million dollar ‘crib’ in Hawaii. He doesn’t shiv a git.

2 posted on 03/09/2013 6:23:09 AM PST by duckman (I'm part of the group pulling the wagon!)
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To: duckman

-——He doesn’t shiv a git.-——

But the first wookie moochelle does.

Her agenda is to steal as much as she can while she can

3 posted on 03/09/2013 6:24:49 AM PST by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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