Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Saturday, November 9, 2013

Yahoo Finance Writer Needles Boehner, Ryan: ‘Obamacare Still Isn’t Killing Jobs’

Yahoo Finance columnist Rick Newman wrote a column arguing “Obamacare Still Isn’t Killing Jobs,” playing off the Friday employment numbers and picking on Speaker John Boehner and Paul Ryan.

“Since the Affordable Care Act became law in 2010, Republicans have claimed repeatedly that it would be a job-killing monstrosity, with ample evidence of its withering effect on the economy by now. “The health-care law will cause significant job losses for the U.S. economy,” a 2011 report sponsored by House Speaker John Boehner, Rep. Paul Ryan and other Republicans declared. Well maybe, someday, but in the law’s first month of existence it appeared to have no impact whatsoever on jobs.” Newman even argued Obamacare could create jobs by spurring people to quit jobs they were only keeping for the health benefits:
Obamacare could help create jobs, too, and not just for customer-service representatives taking calls from frustrated health-care shoppers unable to navigate the bug-filled Obamacare website. One benefit of the law is it will free some people from sticking with jobs they don’t like simply to get health-care benefits, since they’ll now be able to buy policies priced at a group rate — similar to the rates big companies pay — on one of the public exchanges. That could persuade some people to ditch jobs they’re poorly suited for so they can do more-productive work someplace else, or even start their own business.
Newman’s Twitter bio includes the word (and punctuation)  “Centrist!” You could have fooled people with this column. You’d be looking for the Obama logo.
Via: Newsbusters

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