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Congressional Budget Office Director Doug Elmendorf was being questioned before the House Budget Committee yesterday and added to the list of the glorious side-effects of Obamacare:

Rep. [John] Campbell: Thank you, Mr. Chairman, we’ll — and Dr. Elmendorf — and we’ll continue this conversation right now. First on health care, before I get to — before I get to broader issues, you just mentioned that you believe — or that in your estimate, that the health care law would reduce the labor used in the economy by about 1/2 of 1 percent, given that, I believe you say, there’s 160 million full-time people working in ’20-’21. That means that, in your estimation, the health care law would reduce employment by 800,000 in ’20-’21. Is that correct?

Director Elmendorf: Yes. The way I would put it is that we do estimate, as you said, that…employment will be about 160 million by the end of the decade. Half a percent of that is 800,000.

Oh sure, almost a million more people will be out of work, but thanks to Obamacare they’ll all have health care! The mad genius in the Democrats’ plans are that the disastrous results of their policies supply the rationale for implementing even more of their catastrophic policies.

Besides, according to Nancy Pelosi, unemployment is the best way to create jobs. Somehow under this philosophy, only when everybody is out of work will we have full employment.

Obamacare to the rescue!

Comments

5 Responses to “CBO Director: Obamacare Will Reduce Rate of Pre-Existing Condition Known as ‘Employment’ by 800,000 Workers”

  1. Marshall_Will on February 11th, 2011 3:43 pm

    Here's what the ever-so 'objective' "FactCheck" had to say about it:
    http://factcheck.org/2011/01/a-job-killing-law/

    Talk about disinformation. Also notice not two paragraphs in the Party Of The Little Guy utterly dismisses 150k to 300k employment casualties by noting "they were mostly min. wage people anyhow".

    Presumably the ones Doug refers to above joining the rolls! Hey, I'm just the messenger.

  2. Doug on February 11th, 2011 3:54 pm

    Fact Check quotes the GOP but now they'll have to have a chat with the CBO.

    I'm guessing that full implementation of the health care law and all it entails will lead to far more "job killing" than even the CBO is admitting.

    Factor in all the doctors who will retire early to avoid the insane red tape and inherent bureaucracy and the payrolls are going to go way down.

  3. Tweets that mention CBO Director: Obamacare Will Reduce Rate of Pre-Existing Condition Known as ‘Employment’ by 800,000 Workers : The Powers That Be -- Topsy.com on February 11th, 2011 4:15 pm

    [...] This post was mentioned on Twitter by bgfain, Doug Powers. Doug Powers said: CBO Director: Obamacare Will Reduce Rate of Pre-Existing Condition Known as ‘Employment’ by 800,000 Workers http://tinyurl.com/4hlhfjr [...]

  4. Marshall_Will on February 11th, 2011 4:19 pm

    Doug,

    Absolutely. A number of my clients are MD's and these guys were on the fence about continuing their practice -before- O'Care.

    It also complicates their transitioning to retirement as most physicians fund a good PART of that by selling their practice of established patients. ( Well WhoTF wants to buy them out 'now'? )

    Contrary to popular opinion, most Doc's ( unless they are 2nd or 3rd generation Doc's ) don't have -near- the savings most of us imagine. Don't tell that to their trophy wives though? ( Trust me, I see their ret. acct. balances )

    Besides, this is all hypothetical, how can there be any "fact check" from the future? Their credibility is SHOT where I'm concerned. Given the current trajectory of the economy I hope no one minds if I error on the side pessimism?

  5. SignPainterGuy on February 12th, 2011 1:58 am

    LOVE the title Doug !

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