zappasguitar
Well-known member
How bout that? That didn't take very long...
CBO director: Obamacare won't kill jobs, it'll create them
Well, lookie. At the same hearing in which Rep. Paul Ryan was forced to acknowledge that no, the CBO report didn't say that Obamacare would kill 2 million jobs, the flip-side of 2 million workers free to quit their jobs was explored. And guess what? It actually turns out that Obamacare is going to reduce unemployment, as CBO Director Douglas Elmendorf reiterates with Rep. Chris Van Hollen (D-MD) in that video clip. Greg Sargent has more:
On page 124, the report estimates that the ACA will "boost overall demand for goods and services over the next few years because the people who will benefit from the expansion of Medicaid and from access to the exchange subsidies are predominantly in lower-income households and thus are likely to spend a considerable fraction of their additional resources on goods and services." This, the report says, "will in turn boost demand for labor over the next few years."
"When you boost demand for labor in this kind of economy, you actually reduce the unemployment rate, because those people who are looking for work can find more work, right?" Van Hollen asked Elmendorf.
"Yes, that's right," Elmendorf said.
Elmendorf added that the factor Van Hollen had identified was something CBO thinks "spurs employment and would reduce unemployment over the next few years."
That's considering the increased buying power lower-income folks are going to have now that they don't have to spend so much on health care. It's not considering the jobs that will be opening up as people choose to leave them to pursue other opportunities. It's not counting the potential jobs created by people leaving those jobs to start their own businesses. Even Republicans love those people, right? Republicans especially love those people, unless of course those people are foregoing the "dignity of work" to become moochers reliant on tax credits to help them pay for health insurance.
Here's the truth: Obamacare isn't a jobs killer. It's a jobs creator. The Republicans' dirty little secret is that this is something they've known all along; it's one of the reasons they've fought so hard to kill the law. It's one of the reason so many Republican governors and legislatures have refused participate. Economic sabotage has been one of the GOP's primary tactics against President Obama, and Obamacare opposition has been part and parcel of that.
http://www.dailykos.com/story/2014/...t-kill-jobs-it-ll-create-them?detail=facebook
CBO director: Obamacare won't kill jobs, it'll create them
Well, lookie. At the same hearing in which Rep. Paul Ryan was forced to acknowledge that no, the CBO report didn't say that Obamacare would kill 2 million jobs, the flip-side of 2 million workers free to quit their jobs was explored. And guess what? It actually turns out that Obamacare is going to reduce unemployment, as CBO Director Douglas Elmendorf reiterates with Rep. Chris Van Hollen (D-MD) in that video clip. Greg Sargent has more:
On page 124, the report estimates that the ACA will "boost overall demand for goods and services over the next few years because the people who will benefit from the expansion of Medicaid and from access to the exchange subsidies are predominantly in lower-income households and thus are likely to spend a considerable fraction of their additional resources on goods and services." This, the report says, "will in turn boost demand for labor over the next few years."
"When you boost demand for labor in this kind of economy, you actually reduce the unemployment rate, because those people who are looking for work can find more work, right?" Van Hollen asked Elmendorf.
"Yes, that's right," Elmendorf said.
Elmendorf added that the factor Van Hollen had identified was something CBO thinks "spurs employment and would reduce unemployment over the next few years."
That's considering the increased buying power lower-income folks are going to have now that they don't have to spend so much on health care. It's not considering the jobs that will be opening up as people choose to leave them to pursue other opportunities. It's not counting the potential jobs created by people leaving those jobs to start their own businesses. Even Republicans love those people, right? Republicans especially love those people, unless of course those people are foregoing the "dignity of work" to become moochers reliant on tax credits to help them pay for health insurance.
Here's the truth: Obamacare isn't a jobs killer. It's a jobs creator. The Republicans' dirty little secret is that this is something they've known all along; it's one of the reasons they've fought so hard to kill the law. It's one of the reason so many Republican governors and legislatures have refused participate. Economic sabotage has been one of the GOP's primary tactics against President Obama, and Obamacare opposition has been part and parcel of that.
http://www.dailykos.com/story/2014/...t-kill-jobs-it-ll-create-them?detail=facebook
