Skip to comments.Federal Reserve: ObamaCare Leading to Layoffs
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 werent 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 unitedliberty.org ...
By 2021 zero will be enjoying the good life in his 30 million dollar ‘crib’ in Hawaii. He doesn’t shiv a git.
-——He doesnt shiv a git.-——
But the first wookie moochelle does.
Her agenda is to steal as much as she can while she can