More Unreported Bad News

The GOP would be wise to make the repeal of ObamaCare a major issue in the 2012 presidential election. If you thought this monstrosity of a bill was a nightmare before, it just keeps getting worse and worse, and our corrupt American Pravda refuses to educate us as to its horrors. Do these foolish people ever stop to realize that they will also reap the evils of Obama's dreadful healthcare bill? What fools!

Read the latest from Gateway Pundit, and you will see that Barack Obama is a one-man wrecking machine.

Obamacare Will Cost 800,000 Jobs Too

"Not only will Obamacare impose $500 billion in new taxes on American taxpayers… Not only will it actually cost more than $2.3 trillion in ten years… It will cost 800,000 jobs, too.
The Weekly Standard reported:


'Testifying today before the House Budget Committee, Congressional Budget Office (CBO) Director Doug Elmendorf confirmed that Obamacare is expected to reduce the number of jobs in the labor market by an estimated 800,000. Here are excerpts from the exchange:

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.
lmendorf — 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.'


By the time Barack Obama leaves office, we will all be shaking our heads wondering how one man could possibly do so much damage to our country. Elections certainly do have consequences.