From
The Heritage Foundation via
Tina Korbe:
As the Heritage report explains, Obamacare discourages hiring in three important ways:
- Businesses with fewer than 50 workers have a strong incentive to maintain this size, which allows them to avoid the mandate to provide government-approved health coverage or face a penalty;
- Businesses with more than 50 workers will see their costs for health coverage rise—they must purchase more expensive government-approved insurance or pay a penalty; and
- Employers face considerable uncertainty about what constitutes qualifying health coverage and what it will cost. They also do not know what the health care market or their health care costs will look like in four years. This makes planning for the future difficult.
Democrats once touted that Obamacare would create jobs, but the data underscore the reality that that’s not true for the private sector. The only jobs Obamacare created were within the new agencies and layers of bureaucracy the law added to the federal government.
Who could have seen this coming? I'll tell you who - me. From a prior post of mine from October 2010:
Anyone notice that the economy flatlined the minute after ObamaCare was signed into law? My graphic from back then:
I opined:
I claim, based on the US Department of Labor data that ObamaCare is likely the causal factor for causing the stagnation that we have now. And just wait until the inflation kicks in from the overspending, borrowing and printing of money by this regime. It'll make the stagflation of the Carter era seem like Utopia. Obama is focused only on his liberal agenda, not on jobs
