Written by Allen West
This week I’m in Washington DC and maybe you didn’t hear about it, but there was an earthquake here yesterday. It wasn’t a physical disaster but a political one and the epicenter was the White House.
Yesterday the non-partisan Congressional Budget Office released a report stating that Obamacare will cause some 2 million Americans to lose their jobs. According to a report by Stephen Dinan of the Washington Times,
Obamacare will push the equivalent of about 2 million workers out of the labor market by 2017 as employees decide either to work fewer hours or drop out of the job market altogether, according to estimates released Tuesday by the Congressional Budget Office.
The analysis set off a furious debate in Washington. The White House argued that the reduction is positive because it means Americans will forgo jobs or extra work to stay home with their children or strike out on their own as entrepreneurs.
No Mr. Furman, Americans are fearful of starting a new business because of the horrific economic situation resulting from Obama administration policies and the regulatory environment that presents more obstacles than access to small business growth. And I don’t think any of the long-term unemployed would say they’re delighted to spend more time at home.
Americans were told Obamacare would create more jobs. That is a lie. Now Obama and his progressive socialist acolytes are working on “fundamentally transforming” the American work ethic.