Skip to comments.CBO Obamacare job loss worse than reported
Posted on 02/13/2014 6:03:42 AM PST by SeekAndFind
The Obama machine is scrambling to minimize damage inflicted by the Congressional Budget Office's report that Obamacare will have a negative impact on employment, delaying yet again parts of the employer mandate, and forcing employers to swear Orwellian oaths that they won't cut workers. But a full reading of the CBO report shows that job loss could be even worse than previously reported.
The CBO report concludes that the equivalent of 2.5 million jobs will be lost due to Obamacare, primarily because of decisions made by workers. But, like Holmes's dog that didn't bark, the report may be even more damning because of what isn't there.
The CBO minimizes -- and even willfully ignores in some cases -- decisions that employers will make about jobs because of Obamacare provisions that punish them: penalties for not providing insurance, or insurance that doesn't carry the Obamacare stamp of approval; higher costs to provide expanded, and sometimes unnecessary, coverage; costs of maintaining and reporting Obamacare documentation, etc.
"Uncertainty in several areas -- including the timing and sequence of policy changes and implementation procedures and their effects on health insurance premiums and workers' demand for health insurance -- probably has encouraged some employers to delay hiring. However, those effects are difficult to quantify separately from other developments in the labor market, and possible effects on the demand for labor through such channels have not been incorporated into CBO's estimates of the ACA's impact." (Emphasis added.)
An omission of such importance is startling given that, as the CBO report concedes, there are multiple reasons to believe Obamacare will reduce hiring, such as the penalty paid by mid-to large-level employers who don't offer Obamacare-approved health insurance.
(Excerpt) Read more at americanthinker.com ...
I call BS! It’s all about more free time to paint pictures of rainbow unicorns and tuck your kids in. It’s not about job losses or hours lost because your employer has put you on part time. Oh, and ten is now less than five too. How can these asshats keep a straight face when spewing this crap? I guess practiced liars are really, really good at that.
Zero is the gift that will keep on giving. He wants his “signature” achievement to embed itself like a tick into the American economy.