Wednesday, February 5, 2014

“No matter how you calculate this number or how the administration tries to explain it away, it’s about two and a half times as high as the number was when they looked at it the first time,”

"A Congressional Budget Office analysis released Tuesday predicted that the Affordable Care Act would shrink the work force by the equivalent of more than two million full-time positions and recharged the political debate over the health care law, providing Republican opponents fresh lines of attack and putting Democrats on the defensive."
The budget office analysis found that the law, in effect, nudges workers to work less. The insurance expansion reduces the need for a person to take a full-time job just to get coverage. The premium subsidies effectively bolster household income. Higher taxes for richer households also reduce the incentive to work.
That last paragraph, above, was number 13th, in a story that must have been very painful for the NY Times to have to write. Everybody is on board with the CBO as the 'nonpartisan' voice of the government.

And by the way, as if this 'we have to pass it to find out what's in it' news was not bad enough, the projections in the report do not include the Obama delayed employer mandate. The report doesn't project the mandate, because it hasn't happened yet. We will have to wait until next year, to find out how many more jobs Obamacare will drown out. ObamaCare is Obama's waterboarding.

NYT Health Care Law Projected to Cut the Labor Force

16 comments:

chickelit said...

Cool the economy. Everything slows. Eventually, approaching zero Kelvin, all motion stops. Of course catastrophic things like condensation (downsizing from gas to liquid) and solidification (loss of liquidity) occur along the way. But the goal is achieved: every atom is finally the same (or nearly the same) energy wise.
The Parable Of The Gas Explained

Lem Vibe Bandit said...

The administration tried to explain it away, the job losses, as a good thing because it meant that people would have more choices?

As if having a job, in a high unemployment economy, was like going to the mall and trying on a pair of shoes.

Icepick said...

Lem, it's jsut all part of the plan to make this look like some sort of third World country, with a small wealthy class on top, a slightly larger class of needed professionals in the middle, and then a large class of peasants.

And think about it: Poor people tend to vote Democratic, so of COURSE the Dems want more poor people. It's the Democratic Politician Full Employment Plan.

Lydia said...

Or as Nancy Pelosi said in 2010, "you don't have to be job locked":

“We see it as an entrepreneurial bill, a bill that says to someone, if you want to be creative and be a musician or whatever, you can leave your work, focus on your talent, your skill, your passion, your aspirations because you will have health care. You won’t have to be job locked.”

Paddy O said...

Now that I'm in academia, I'm required to say it's a great law and I have good insurance so everything is fine with everyone. Why do conservatives hate people so much?

Icepick said...

Why do conservatives hate people so much?

What, haven't you met any of them? If you had, you'd know.

Revenant said...

While Obama has delayed the mandate by executive fiat, its effects are still being felt this year.

See, the key problem is that Obama has no legal authority to delay the mandate. He's just opting not to ENFORCE the mandate. But if an employer is liable for a fine this year, the government's failure to collect it THIS year doesn't let the employer off the hook. The government can come back next year, or the year after that, or the year after that...

An employer covered by the mandate this year assumes the risk that NEXT year he'll get hit for that year's fine, plus this year's. Oh, sure, he might not, but he might. It all depends on Presidential whim.

More than any actual law it is Obama's capriciousness that is crippling economic recovery. Businesses need to be able to plan for the future, and they can't plan for the future when the government -- which controls one-quarter of the entire economy -- is just making shit up as it goes along.

The Dude said...

I can't believe that Obama lied.

KCFleming said...
This comment has been removed by the author.
KCFleming said...

I had not expected the absurdity by Obama, claiming the loss of jobs was a good thing, rather than having the decency to deny it.

Calypso Facto said...

Office of the Whitehouse Press Secretary: Due to the ACA, 2 million "Americans [will] no longer be trapped in a job".

Trapped in a job. Mindboggling. Orwell would be so proud.

Unknown said...

"Providing the R's with a fresh line of attack."

Yeah - As the nation crumbles and sinks into socialist shit-hole- it's all about the talking points. The pro-corruptocrat media talking points.

Icepick said...

I can't believe that Obama lied.

So you are going on the assumption that he had no idea what the Hell he was talking about then. That is a believable alternative....

Unknown said...

http://www.foxnews.com/on-air/the-five/videos

After the Netflix ad, scroll ahead to the 3:20 mark where Greg Gutlfeld lays it on the line. Perfect.

"It's easy to kill jobs when you've never had a real one yourself. They [the administration] don't see this as a sad thing. They see it as a victory. A desired result. For every job lost is one more body dependent on government."

'It's the soft serenity of socialism.'

Unknown said...

'The administration are saying it's a good thing that people are leaving their jobs. That's like saying starvation is good because it gives you the freedom to lose weight.'

deborah said...

CF:
"Trapped in a job. Mindboggling. Orwell would be so proud."

Reminds me of the line about pregnant females being punished with a baby.