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Obamacare remakes the economy -- and it's not all that bad
Yahoo Finance ^ | FEb 4, 2014 | Rick Newman

Posted on 02/04/2014 6:51:03 PM PST by Innovative

...CBO says Obamacare, as the law is known, could cut the size of the U.S. workforce by 2 million people within 3 years...

That’s roughly double the CBO’s prior estimate...

Those 2 million jobs don’t represent people who will be fired or denied work because of Obamacare. They represent people who hold a job primarily for the healthcare benefits provided by their employer, and might choose not to work it they could get coverage some other way. “The ACA will reduce the total number of hours worked,” the CBO explained in its report, “almost entirely because workers will choose to supply less labor.”

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: biggestlie; obamacare; socializedmedicine; unemployment
This lie is in the same class as "if you like your doctor, you can keep your doctor. PERIOD" and "if you like your health insurance, you can keep your health insurance. PERIOD".
1 posted on 02/04/2014 6:51:03 PM PST by Innovative
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To: Innovative

yeah how do you destroy something you have already destroyed


2 posted on 02/04/2014 6:52:05 PM PST by bigheadfred
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To: Innovative
the boy is remaking the economy in his own image... quota driven and lazy
3 posted on 02/04/2014 6:53:31 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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To: Innovative
If it's “not all that bad” why have the framers (the Rat Party elite) made sure that the rich,the powerful and the “connected” are all exempt?
4 posted on 02/04/2014 6:54:29 PM PST by Gay State Conservative (Osama Obama Care: A Religion That Will Have You On Your Knees!)
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To: Innovative
That duckspeak is giving the Aflac® duck fits.
5 posted on 02/04/2014 6:55:12 PM PST by Olog-hai
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To: Innovative

And the people who will die because their health insurance was cancelled and can’t afford the astronomical premiums demanded by Obamacare, well heck, they would have died anyway, so it’s all good.


6 posted on 02/04/2014 7:03:17 PM PST by SpaceBar
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To: Innovative

Nonsense.


7 posted on 02/04/2014 7:03:45 PM PST by Fungi
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To: Innovative

Is this CBO report the equivalent of a Financial Impact Statement?


8 posted on 02/04/2014 7:06:09 PM PST by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: Innovative
“The ACA will reduce the total number of hours worked,” the CBO explained in its report, “almost entirely because workers will choose to supply less labor.”

Yes... it HELPS the economy when you pass laws that (even its greatest proponents say) will cause people to want to work less.

double-plus good-speak from the non-partisan CBO.

9 posted on 02/04/2014 7:12:21 PM PST by Teacher317 (We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
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To: Innovative

Double speak and gibberish.

Does anyone remember “Funemployment”?


10 posted on 02/04/2014 7:21:27 PM PST by mylife (Ted Cruz understands the law, and he does not fear the unlawful.)
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To: Innovative

Two million more people on YOUR nearby street corner with a cardboard sign “Homeless Vet....Anything will help...God Bless”


11 posted on 02/04/2014 7:23:19 PM PST by Rembrandt (Part of the 51% who pay Federal taxes)
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To: Innovative

On the bright side, work sucked anyway.


12 posted on 02/04/2014 7:27:09 PM PST by DManA
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To: Innovative

13 posted on 02/04/2014 7:27:53 PM PST by dontreadthis
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To: Innovative

Why work to pay for your HC when you can sit home and have someone else pay for your subsidies. As Pelosi stated; now you can become a poet, artist, or go back to college and study 13th century Lesbian Literature


14 posted on 02/04/2014 7:28:52 PM PST by Joshua (Jimmy is the reason for this)
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To: Innovative

So now you don’t have to work as hard to earn health insurance coverage. Well golly gee, lets all get into that cart and ride. Why be the poor sap who has to do all the pulling?


15 posted on 02/04/2014 7:30:21 PM PST by fhayek
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To: Joshua

What could go wrong?


16 posted on 02/04/2014 7:31:54 PM PST by mylife (Ted Cruz understands the law, and he does not fear the unlawful.)
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To: Innovative

I read the article and it fits in with Nancy Pelosi’s vision of a nation of loafers (’artist’ as she called them) or folks who are generally uncommitted to their jobs. This may seem good for any given individual, but I don’t see how it will not hurt the overall economy. Plus, the additional unemployed will find other interesting things to do, resulting in higher crime rates. Perhaps they will form the core of Obama’s tonton macoute “Domestic Security Force”.


17 posted on 02/04/2014 7:39:47 PM PST by BRK
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To: Innovative

So promoting a culture if dependency and the patron state is not all that bad?

Bra....yoos kuhrayzee ...


18 posted on 02/04/2014 7:42:44 PM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: BRK
I read the article and it fits in with Nancy Pelosi’s vision of a nation of loafers (’artist’ as she called them) or folks who are generally uncommitted to their jobs. This may seem good for any given individual...

Not really good for the individual either. The cliche that idle minds are the devil's workshop is not far from the truth. God gave us work to do. Even when the world was perfect, God gave Adam a job - to keep and dress the Garden. Likewise Paul wrote in his letter to the Thessalonians that he who does not work shall not eat.
No matter what the task, toilet cleaner, teacher, or doctor - all the work we do is to the Glory of a God. Idleness does not glorify His Name.

19 posted on 02/04/2014 7:56:45 PM PST by El Cid (Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house...)
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To: Innovative
They represent people who hold a job primarily for the healthcare benefits provided by their employer, and might choose not to work it they could get coverage some other way.

These are people who hold jobs to take care of themselves, but would rather have other people hold jobs to pay for their care. Only a liberal would think that type of change is a good thing; I've never understood those who admire parasites or who aspire to that status.

20 posted on 02/05/2014 2:21:56 AM PST by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: Innovative
Some lower-income workers will cut back on their hours or stop working altogether to assure they get the largest subsidies most of other peoples' money under Obamacare, which go to those with the lowest incomes.

Fixed.

In that regard, Obamacare does create the kind of perverse incentive—giving people a reason not to work—that upsets a lot of taxpayers.

Yes it does. I want my money spent on our defense, veterans, and maybe to match foreign incentives to keep jobs here, not so someone else can choose to work part time at my expense.

21 posted on 02/05/2014 3:29:59 AM PST by TwelveOfTwenty (See my home page for some of my answers to the left's talking points.)
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To: Pollster1
I've never understood those who admire parasites or who aspire to that status.

Me neither, but one thing I'll remember about the Obama years will be feeling stupid for working and paying my bills.

22 posted on 02/05/2014 3:31:22 AM PST by TwelveOfTwenty (See my home page for some of my answers to the left's talking points.)
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To: Fungi
Nonsense.

How can the CBO compute the numbers of what they anticipate employers reaction to the PPACA will be? There are no current numbers available to develop statistical trending. There are no numbers for the impact upon larger corporations, since that's been illegally delayed until after the 2014 election. How is that statistical trend developed? Since when is EMPLOYEE CHOICES to instead not work a measureable set of numbers? Since when does EMPLOYEE CHOICES dictate to employers whether a position exists or not?

23 posted on 02/05/2014 3:45:11 AM PST by USCG SimTech (Honored to serve since '71)
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To: Innovative

I guess they mean that people who are productive will then decide to sit home and collect a government subsidy,great,then where does that money come from to pay them with the debt at 17 trillion and growing?


24 posted on 02/05/2014 4:14:15 AM PST by ballplayer
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To: Teacher317

This IS just like Denmark. One thing extraordinary about the US work force was its work ethic. That is CHANGING, not for the better.


25 posted on 02/05/2014 5:02:34 AM PST by griswold3 (Post-Christian America is living on borrowed moral heritage)
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