Thursday, July 21, 2011

Private Sector Hiring Nearly Stopped Immediately After the Passage of Obamacare
Almost makes you want to laugh (to keep from crying) at Nancy Pelosi’s botox-faced lie that Obamacare would create 400,000 jobs “immediately.”
Steve Wynn, the CEO of casino company Wynn Resorts, was spot-on when he went off on an epic rant about Obama asserting, “And I’m saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime.”
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.

1 comment:

  1. Not only that, but my electrician who had been independent for 22 years without ads, said the day Obama was inaugurated the calls stopped. He now works for DISH to support his family.