Obama: The Job Killer
Today, the misguided and unwanted “health care reform” that has been the cornerstone of the failing Obama presidency starts to come online.
Suddenly, many of the benefits those of us who prefer to pay our own way have come to rely on as part of our employer-sponsored health plans, will disappear.
Those benefits are already changing - despite the fact Obama and the do-nothing Congress promised our benefits wouldn’t change under socialized medicine. It’s no surprise they again lied to get this horrible piece of legislation passed.
If that insult isn’t enough, again we find out today jobless claims continue to rise as job growth in the private sector continues but at a snail’s pace. Claims rose by 12,000 to 465,000, surprising many analyst who had projected the number would be unchanged at 450,000.
“The labor market is in a pretty soft position,” said Paul Dales, an economist with Capital Economics told Bloomberg News. “Private-sector employment is still growing but not anywhere near fast enough to bring down the unemployment rate.”
As I have said numerous times in this space, the U.S. economy will not improve until Americans go back to work. It’s simple: people don’t spend money, or even save money, unless they’re working.
Obama is focused on everything else besides jobs. In fact, of the agenda he continues to push in Washington, almost all of the initiatives kill jobs. For example:
- Universal healthcare. Call it socialized, call it public, call it whatever you want, when you force private industry to give away its services, it kills competition and it means people lose their jobs. Healthcare companies will cut costs because the space is no longer as profitable as it once was.
- Not renewing Bush tax cuts. Despite Democrat’s insistence they’re keeping the tax cuts in place for the middle class and cutting them for the “rich,” all this does is cut down on continued investment in small to mid-sized business. Guess what those “rich” business owners do with their investments? They create jobs.
- Across-the-board tax hikes. After racking up the biggest debt in U.S. history, Obama now wants to pass on the bill to all of us. Claiming we must “reduce our debt,” he’s floating the largest tax cut in recent U.S. history. Imagine what that will do for the job market.
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