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Obamacare puts a floor under U.S. economy in first quarter
Reuters ^ | April 30, 2014 | BY LUCIA MUTIKANI

Posted on 04/30/2014 8:49:25 PM PDT by Oldeconomybuyer

As the U.S. economy teetered on the brink of contraction in the first quarter, one thing stood out. Healthcare spending increased at its fastest pace in more than three decades.

That surge is attributed to the implementation of President Barack Obama's signature healthcare law, known as Obamacare. Because of Obamacare, the nation narrowly avoided its first decline in output in three years.

"GDP growth would have ... been negative were it not for healthcare spending," said Harm Bandholz, chief economist at UniCredit Research in New York.

Healthcare spending increased at a 9.9 percent annual rate, the quickest since the third quarter of 1980, and it contributed 1.1 percentage points to GDP growth.

(Excerpt) Read more at reuters.com ...


TOPICS: Constitution/Conservatism; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: failure; obamacare; obamanomicsrinocare; obamasfault
So much for saving $2500 for the average family. We can thank John Roberts for mandated "economic growth".
1 posted on 04/30/2014 8:49:25 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Just think how much wealth is being created. /s/


2 posted on 04/30/2014 8:51:53 PM PDT by saganite (What happens to taglines? Is there a termination date?)
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To: Oldeconomybuyer

The carpenters put a floor on the gallows, too.


3 posted on 04/30/2014 8:53:32 PM PDT by Dr.Deth
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To: Oldeconomybuyer

I thought we were spending too much on healthcare. Now it’s a good thing? That’s a bit much to take.


4 posted on 04/30/2014 8:55:31 PM PDT by cdcdawg (Be seeing you...)
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To: Oldeconomybuyer

LOL - what a amazing headline and article all too typical of the drive-by media. Spinning disastrous economic news as a positive - an Obamacare rescue story. Even if true, this is a bubble - and not exactly a stable one at that.


5 posted on 04/30/2014 8:58:31 PM PDT by Republican Wildcat
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To: cdcdawg

Right - LOL.

Amazing spin. A bunch of forced spending due to Obamacare has “rescued” the economy. Horrific economic news spun into a victory story.


6 posted on 04/30/2014 8:59:46 PM PDT by Republican Wildcat
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To: Oldeconomybuyer

The fact that a government program that is financed by borrowed and printed money, is why GDP is “growing”, says volumes about the true status of the stagnant if not contracting American economy.


7 posted on 04/30/2014 8:59:59 PM PDT by allendale
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To: Oldeconomybuyer

Forget the hip boots, you need chest waders to read that jive.


8 posted on 04/30/2014 9:00:26 PM PDT by dainbramaged (Don't tell me, I'll tell you.)
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To: Oldeconomybuyer

Besides pretending that increased medical costs are a good thing, the article ignores where the money for that increased ObamaCare spending came from. We know with certainly that consumers reduced spending elsewhere to cover their mandatory ObamaCare spending, except for those who didn’t bother paying their ObamaCare premiums (we know this because we have seen those ObamaCare victims interviewed, and they are our neighbors and relatives who tell us face to face what ObamaCare is costing them both in dollars and in lost opportunities to spend on their family needs and desires).


9 posted on 04/30/2014 9:06:47 PM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: Oldeconomybuyer

You know a country has really gone in the toilet when it needs to use forced, socialized healthcare to prop up its economy.


10 posted on 04/30/2014 9:24:41 PM PDT by FlingWingFlyer (Obama's smidgens are coming home to roost.)
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To: Oldeconomybuyer
Healthcare spending increased at a 9.9 percent annual rate, the quickest since the third quarter of 1980, and it contributed 1.1 percentage points to GDP growth.

"Healthcare spending" from the GOVERNMENT! More on the credit card.

11 posted on 04/30/2014 9:29:29 PM PDT by montag813
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To: Oldeconomybuyer

ROFL. Talk about making lemonade when given lemons!


12 posted on 04/30/2014 9:30:28 PM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: dainbramaged

Chin waders would be more like it. We’re up to our neck in bullsh@t!


13 posted on 04/30/2014 9:41:28 PM PDT by poobear (Socialism in the minds of the elites, is a con-game for the serfs, nothing more.)
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To: saganite

Just think how much wealth is being created. /s/ <<

Post of the Day!


14 posted on 04/30/2014 10:00:34 PM PDT by M-cubed
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To: Republican Wildcat

Seems to me all they are doing is taking your money and my money and giving it to someone else and that leaves you and I less money to spend elsewhere.


15 posted on 04/30/2014 10:09:55 PM PDT by funfan
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To: Oldeconomybuyer

These people are idiots, right?

I mean to come up with such a stupid interpretation has to be because they are common core educated even before there was a common core.

Can’t wait for them to tout disease/drought driven meat prices as a boon to save us all....


16 posted on 05/01/2014 3:28:01 AM PDT by Adder (No, Mr. Franklin, we could NOT keep it.)
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To: Oldeconomybuyer

Government spending is a component of the GDP. If you take that out of the equation, we’re still deep in the Great Recession.


17 posted on 05/01/2014 3:35:39 AM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: Oldeconomybuyer

Yesterday my cat puked, robust decrease in our home’s net undigested cat chow deficit growth for the quarter day

Someone quick please email Paul Krugman, my cat prints food.


18 posted on 05/01/2014 3:39:57 AM PDT by tinyowl (A equals A)
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To: Oldeconomybuyer
As some else noted.

Obamacare Fed printing and bond buying puts a floor under U.S. economy in first quarter

fixed it.

19 posted on 05/01/2014 3:41:05 AM PDT by TwelveOfTwenty (See my home page for some of my answers to the left's talking points.)
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To: Oldeconomybuyer

...by breaking its windows.


20 posted on 05/01/2014 3:53:28 AM PDT by Yardstick
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To: Republican Wildcat

“Spinning disastrous economic news as a positive - an Obamacare rescue story.”

Expect this nonsense to go on in perpetuity; any unverifiable praise for ObamaCare will do. If it was true it could only be because Americans have fallen further into debt to pay for medical care; more likely it is just nonsense thrown out there for an ignorant public without the means of verifying it (like so many proclamations from this regime - remember “jobs created or saved”?).


21 posted on 05/01/2014 4:04:08 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: Oldeconomybuyer

Lucia, the author, apparently doesn’t understand the difference between health INSURANCE and health CARE.

Obamacare forces people and businesses (other than the millions who are exempt) to buy insurance, but there’s no guarantee of them obtaining health care.


22 posted on 05/01/2014 4:04:25 AM PDT by octex
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To: funfan

“Seems to me all they are doing is taking your money and my money and giving it to someone else and that leaves you and I less money to spend elsewhere.”

Sure, but it still makes a good headline. In other news, ObamaCare has slowed global warming; it has also changed the orbit of the moon in a way that will benefit mankind for millenia. They can really say anything they want, can’t they?


23 posted on 05/01/2014 4:08:01 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: Oldeconomybuyer

Now if the Gov can prevent money from going out eventually, like denile of care, growth of Gov will skyrocket until there isn’t enough people alive to pay enough taxes.


24 posted on 05/01/2014 4:17:37 AM PDT by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: Oldeconomybuyer

There you have it........ a negative perfect storm. A vector resolution of failure

The positive growth vector is Obamadon’tcare increased health care cost.

One negative vector is general decline

the third vector is winter.

By resolving them you get .1% growth

The number, the minuscule number is meaningless, in its self but the bad feeling, the general feeling of unease, of pain, generated by the vents is devastating.

The crap..... the resigned queer denouncer, the tired old basket ball owner, the Nevada cow boy..... all are conscious and malicious actions to detract from the economic flat spin.


25 posted on 05/01/2014 4:23:14 AM PDT by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: All

26 posted on 05/01/2014 5:31:20 AM PDT by Hotlanta Mike ("Governing a great nation is like cooking a small fish - too much handling will spoil it." Lao Tzu)
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