That ObamaCare helped crash the economy is not in the least bit news.The plain and simple fact is that ObamaCare was specifically designed to do just that. To cause as much damage to the economy as possible. As if Obama gives a Demo'rat's behind about the health of the American people or its economy.
But HuffPo said Obamacare helped save the economy! How can this be?
-2.9%. We’re going backwards and the MSM press still tries to spin it.
When the GDP shrinks, it's a reflection of lower levels of economic activity. Under normal circumstances a decline in health care spending would be offset with growth in other areas -- and exorbitant increases in insurance premiums are still economic activity even if we don't like paying them.
There's more to this than just ObamaCare. I suspect a big part of it is tied to increasing numbers of workers simply checking out of the workforce and reducing their purchasing considerably.
Does anyone doubt there will be a new formula within tbe next couple days? It will demonstrate that Q1 was zero or modestly positive and Q2 will, no doubt, feature robust growth. No recession for the King!
They’re pissing down our backs and telling is that it’s raining.