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CBO: Healthcare will free 800,000 trapped workers. GOP: OBAMACARE KILLS JOBS

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charlie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-10-11 06:32 PM
Original message
CBO: Healthcare will free 800,000 trapped workers. GOP: OBAMACARE KILLS JOBS
CBO Director Douglas Elmendorf told the House Budget Committee on Thursday that the health care law will reduce employment by 0.5 percent by 2021 because some people will no longer have to work just to afford health insurance.

“That means that if the reduction in the labor used was workers working the average number of hours in the economy and earning the average wage, that there would be a reduction of 800,000 workers,” Elmendorf said in an exchange with Rep. John Campbell (R-CA).
...

“More bad news for American families,” was how Budget Committee Chairman Paul Ryan’s office described the report in a release.

“Since day one Republicans have opposed Obamacare for a simple reason: it would destroy jobs. Minority Leader Pelosi, Leader Reid and others said we were wrong. Guess not," said John Murray, deputy chief of staff for Majority Leader Eric Cantor.

http://www.politico.com/news/stories/0211/49273.html


And already the idiots are running with it:

Job Killing

CBO: Obamacare will cost an estimated 800,000 jobs

CBO Director: 800,000 People Will Lose Their Jobs Because of ObamaCare

CBO Director Says Obamacare Would Reduce Employment by 800,000 Workers
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louis-t Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-10-11 06:39 PM
Response to Original message
1. They don't believe the CBO when he says it will
cut the deficit, but they DO believe him when he says it will cost jobs. Same CBO, same repugs, same HCR, same country, different answers. By the way, what the hell does "the health care law will reduce employment by 0.5 percent by 2021 because some people will no longer have to work just to afford health insurance" mean?
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SpartanDem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-10-11 07:27 PM
Response to Reply #1
3. People will be able to retire early or quit jobs
because they don't have to worry about keeping a job at all cost in order to have insurance
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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-10-11 06:42 PM
Response to Original message
2. And how about the people are working in a non qualified job
because they get benefits or their spouse has a pre-existing condition.
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Change Happens Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-10-11 08:58 PM
Response to Original message
4. WOW! Just watched Larry Kudlow, had not seen this, he had Steve Forbes on:
They fully discussed this topic, BUT WAIT: It was presented as the CBO said that the Healthcare Bill will COST the economy 800K jobs.


WOW WOW WOW!

I can't wait for Media Matter to see this!

What a bunch of crooks these Republicans are...
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