Last January, I wrote a column for the American Spectator titled “A Natural Born Job Killer.” Obviously, my point was that the health care “reform” law discouraged employers from creating new jobs. Well, if you didn’t believe me, take a look at this chart from the Heritage Foundation:
This is stunning. The change in the job growth rate confirms what many of us have been saying for a long time. ObamaCare is not merely bad health care policy, it essentially killed what might have eventually turned into a real recovery:
Private-sector job creation initially recovered from the recession at a normal rate, leading to predictions last year of a “Recovery Summer.� Since April 2010, however, net private-sector job creation has stalled. Within two months of the passage of Obamacare, the job market stopped improving.
While Americans were asking the President and his congressional accomplices to get off their health care fixation and focus on jobs, Obama thumbed his nose as us. The result is a level of sustained unemployment that we haven’t seen since the Great Depression. ObAmaCare needs to be repealed and its namesake needs to be fired.
[ht Tina Korbe]
Comments 2
I firmly believe that any and all government interference of the economy is unethical. I also know that FDR’s interference with the economy prolonged the not-so-great depression for a decade.
Posted 24 Jul 2011 at 10:07 am ¶However, as a mathematician, I cannot ignore the fact that statistical correlation does not imply causation.
Nevertheless, I do think that Obama’s Nightmare is a factor in the employment plateau.
Here is another unintended (or is it) consequence of Obamacare.
http://www.boston.com/business/healthcare/articles/2011/07/29/boston_scientific_to_lay_off_1200_plus/
1200 US workers downsized, 1000 Chinese workers hired. Any correlation between the cost of healthcare between US and China?
BTW, they are calling for bipartisanship with the Debt Limit vote. Where was the bipartisanship with the healthcare debate?
Posted 29 Jul 2011 at 5:09 pm ¶Post a Comment