Job creation ground to a halt almost instantly after Obamacare passed.

[Soul Crusher]

Report: Private sector job creation ground to a halt almost instantly after Obamacare passed
Hot Air ^ | 20 Jul 2011 | Tina Korbe



A new report out yesterday from The Heritage Foundation shows private sector job creation dropped dramatically almost immediately after President Barack Obama signed the Patient Protection and Affordable Care Act (a.k.a. Obamacare) into law.

From the recession’s low point in January 2009 until April 2010, when Obamacare went into effect, the private sector created about 67,600 jobs a month. After the president signed PPACA into law, that number slowed to a meager 6,400 jobs a month — a more than 90 percent decrease or less than one-tenth the previous rate.

As the report states, correlation cannot prove causation — but the change in course is statistically measurable and testing reveals a structural break between April and May of 2010. Moreover, small-business owners have said Obamacare is a deterrent to hiring. Take Scott Womack, the owner of 12 IHOP restaurants in Indiana and Ohio, as just one example. Before Obamacare became law, he had development plans in Ohio. Now, he’s worried he won’t be able to carry out his original plans unless Obamacare is repealed. Those restaurants he planned to open would provide jobs not only for his future employees, but also for everyone involved in the construction of the restaurant buildings themselves.

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.


(Excerpt) Read more at hotair.com ...

[Soul Crusher]

 

[Soul Crusher]

Bump for straw and blacken and benny.

[Fury]

Bush's fault. He passed Obamacare.

[Soul Crusher]

Healthcare law could leave families with high insurance costs
 07/21/11 12:43 PM ET


A major provision of the healthcare reform law designed to prevent businesses from dropping coverage for their workers could inadvertently leave families without access to subsidized health insurance.

The problem is a huge headache for the Obama administration and congressional Democrats, because it could leave families unable to buy affordable health insurance when the healthcare law requires that everyone be insured starting in 2014.

Some of the administration’s closest allies on healthcare reform warn this situation could dramatically undercut support for the law, which already is unpopular with many voters and contributed to Democrats losing the House in the 2010 midterm elections.

“It’s going to be a massive problem if it comes out that families have to buy really expensive employer-based coverage,” said Jocelyn Guyer, deputy executive director at Georgetown University’s Center for Children and Families.

More: http://thehill.com/blogs/healthwatch/health-reform-impl...
 


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Bump for Straw 

[Soul Crusher]

Bipartisan Rejection of Obamacare’s IPAB Rationing Board Grows
Heritage ^ | 7/21/11 | Todd Thurman



This week, the House Budget Committee and Energy and Commerce Committee held hearings to examine the Independent Payment Advisory Board (IPAB), a board of unelected bureaucrats tasked under Obamacare to reduce the growth in Medicare spending.

During the Budget Committee hearing, Grace-Marie Turner, president of the Galen Institute, described the board:

[T]he IPAB is unprecedented in the power given to unelected officials to direct hundreds of billions of dollars in federal spending. The IPAB will give unelected, unaccountable government appointees the power to make decisions about payment policy in Medicare that will ultimately determine whether millions of seniors have access to the care they need. This challenges the very principles of representative democracy and consent of the governed.


(Excerpt) Read more at blog.heritage.org ...

[Kazan]

[Soul Crusher]

Published on The Weekly Standard (http://www.weeklystandard.com)



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Analysis: Job Growth Was 10-Fold Higher Before the Democrats Passed Obamacare
Jeffrey H. Anderson
July 21, 2011 4:57 PM

The Obama administration’s Bureau of Labor Statistics shows that, since the official end of the recession over two years ago (in June 2009), the percentage of Americans who are employed has actually dropped, while most Americans who are employed are now making less money (in inflation-adjusted dollars) than they were during the recession. Why is our economy plainly failing to match the historical pattern of strong growth following a recession? New analysis suggests that Obamacare (signed into law — “With the strokes of 22 pens” — on March 23, 2010) could be a principal cause.

The Heritage Foundation’s James Sherk writes, “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. This suggests that businesses are not exaggerating when they tell pollsters that the new health care law is holding back hiring.”

Sherk writes that Obamacare “discourages employers from hiring in several 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.”
Sherk then provides the following chart, showing that prior to the first full month in which Obamacare was law (April 2010), the economy added an average of 67,600 jobs per month during Obama’s presidency (which includes several months during the recession).  Following the first full month in which

[Soul Crusher]

Report: Under Obamacare, less-skilled workers will be most likely to be priced out of jobs
Hot Air ^ | October 19,2011 | Tina Korbe
Posted on October 19, 2011 10:27:22 PM EDT by Hojczyk

The employer premiums for a single plan, distributed across a full-time work year, will add $1.79 per hour to these labor costs. The premiums for a family plan will add $5.51 per hour. Nationwide minimum labor costs will rise to an average of $10.03 per hour for full-time workers with a single health plan and $13.75 per hour for workers with family coverage.

Moderately and highly skilled workers already cost more than this minimum to employ. Their employers will likely respond to the law by spending more on health benefits and reducing wages by a corresponding amount. The health care law will not increase their total compensation costs.

But it is an entirely different story for unskilled workers. Employers cannot reduce cash pay below the minimum wage. However, employers will not pay workers more than their productivity. No businesses will pay $14 per hour to employ a worker whose labor raises earnings by just $9 per hour. Businesses that pay workers more than their productivity quickly go out of business. …

Obamacare hurts less skilled workers. It raises the minimum productivity required for them to hold a full-time job, particularly workers with families. Workers who cannot produce at least $20,000 per year (single plan) or $27,500 per year (family plan) of value to employers will have serious difficulty finding full-time jobs. Many of these workers will have to either live off reduced income from part-time hours or juggle the schedules of multiple part-time jobs.

(Excerpt) Read more at hotair.com ...







Anyone voting for this communist destroyer needs to be tortured slowly to death.