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Imagine if, during the campaign of 2008, someone had written the following: “If Barack Obama is elected president, then each year from now on the federal budget will be a trillion dollars in the red. He will pile up in two terms more debt than all previous presidents combined. Interest rates will stay at near zero; he will lower the Labor Force Participation Rate to 1979 (Jimmy Carter) levels, and 3 out of 4 jobs created will be part-time. Record use of food stamps, unemployment, and disability insurance will be hallmarks of the Obama economy.
The government will take over health care, the costs will skyrocket and the Federal Agency assigned to enforce Obamacare will refuse to participate in it. Obama will outsource the ACA front-end web site and it will fail, all while he hands out over 1200 ObamaCare waivers to his Special Interest groups and Campaign Donors. Then Obama will illegally delay the Employer Mandate portion of the law until after the 2014 elections because of its negative impact on unemployment.
• The Baltimore Sun: “Lost Jobs, Higher Costs; Obamacare Hits Home.” • The Indianapolis Star: “Health-Care Tax Plan Threatens Hoosier Jobs.” • The Arizona Republic: “Obama Agenda Crushing Employment.” • The Boston Herald: “Experts: Obamacare Could Hit Paycheck.” • The Wall Street Journal Abstracts: “Obamacare vs. Small Businesses.” • The Star Tribune: “Obamacare Now Begins To Reveal Itself; Expect Some Businesses To Stop Hiring And Others To Drop Health Coverage.” • The Australian Financial Review: “Exporters Reluctant To Hire Full-Timers As Obamacare Obligations Loom.” • The Chicago Tribune: “The Part-Timing Of America/ Obamacare Will Push Workers - Not Just Employers – To Cut Hours.” • The Orange County Register: “Health Law May Chill Hiring.” • The Kansas City Star: “Involuntary Part Time Jobs Are Growing.” • The Columbus Dispatch: “Unhealthy Side Effects; Employers Seek Ways To Avoid Health-Care Law’s Burdens.” • The Columbus Dispatch: Unintended Consequences; Thanks To Health-Care Law, Many Employees Are Seeing Hours Cut.” • The New York Times: “Surge In Part-Time Work.” • The Orlando Sentinel: “Workers’ Hours Cut – Obamacare Blamed.” • The Atlanta Journal-Constitution: “The Obamacare Economy: 35 Part-Time Jobs For Every New Full-Time Job.” • Investor’s Business Daily: “Obamacare Spurs Shift Away From 30-40 Hour Work Week.” • The Washington Post: “Health-Care Law Is Tied To New Caps On Work Hours For Part-Timers.” • WJFW News: “Obamacare Forces Trig’s To Limit Workers’ Hours.” • The Los Angeles Times: “Small Businesses To Cut Hours And Workers Due To Obama Health Care Law, Survey Says.”
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