ObamaCare: The Job Destroyer

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by boedicca, Feb 10, 2011.

  1. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The Obamanoids are quite fond of citing the CBO in defense of ObamaCare. It now turns out that the CBO believes ObamaCare will destroy 800,000 jobs.

    How Hopey Change is that?

    Chairman [Paul] Ryan: “[ I]t’s been argued...that the new health care law will create jobs and increase labor force participation. But if I recall from your analysis, it was quite the opposite. Is that not the case?”

    Director [Douglas] Elmendorf : “Yes.”...

    […]

    Rep. [John] Campbell: Thank you, Mr. Chairman, we'll -- and Dr. Elmendorf -- and we'll continue this conversation right now. First on health care, before I get to -- before I get to broader issues, you just mentioned that you believe -- or that in your estimate, that the health care law would reduce the labor used in the economy by about 1/2 of 1 percent, given that, I believe you say, there's 160 million full-time people working in '20-'21. That means that, in your estimation, the health care law would reduce employment by 800,000 in '20-'21. Is that correct?

    Director Elmendorf: Yes. The way I would put it is that we do estimate, as you said, that...employment will be about 160 million by the end of the decade. Half a percent of that is 800,000.



    CBO Director Says Obamacare Would Reduce Employment by 800,000 Workers | The Weekly Standard


    Cue up the lame ass excuses that it will Save or Create other jobs.
     
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  2. RDD_1210
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    RDD_1210 Forms his own opinions

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    LMAO. This argument again?

    So because people will actually be able to afford health care on their own without having to get it through their employer means a small amount (800k) will remove themselves voluntarily from the workforce. That's more like quality of life improving and not so much job killing.
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    800,000 jobs is quite a significant amount to the people who are out of work.

    But leave it to a leftwing moonbat not to care about the little people.
     
  4. Greenbeard
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    Greenbeard Gold Member

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    Do you not understand that these are different concepts?
     
  5. RDD_1210
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    What don't you understand about they chose to remove themself from the workforce because they no longer need a job? They can get health insurance on their own without needing a job to purchase it through, and thus they don't need a job. Which part is confusing you?
     
  6. Annie
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    Annie Diamond Member

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    Please explain your take. Thanks.
     
  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Oh. So that's how we explain the recent drop in the official unemployment rate to 9%. People removed themselves from the job market because they "no longer needed a job" to purchase health insurance.

    Right.

    In the real world, they gave up looking due to lack of jobs - just like the future 800,000 who cannot find jobs will give up.
     
    Last edited: Feb 10, 2011
  8. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    How the Hell will they purchase it without a job? :confused:
     
  9. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Details details.... :eusa_shhh:
     
  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    They won't need to purchase health care because in ObamaLand, the magic unicorns make free health care for everyone!
     

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