CBO Admits Obamacare will kill 800,000 Jobs

Post Reply New Topic

You are conflating two issues again.

My point is that Q&A session in the video is about a paper the CBO issued in August. The details of that paper are quite clear. For some reason you just don't want to know.

So, YOU are bringing up the CBO (despite not trusting them), I'm just noting the full context of the remarks and the underlying paper they are discussing.

I don't trust what their blog says because for starters it has to be cleared by certain parties in government.

You have yet to explain why you think exhorbinately raising the cost of doing business and incentivizing people to stay on welfare is going to help the economy.

So the CBO can't speak for itself, unless you can make it sound bad. Then you believe it.

Ok, that's an interesting way to live. Best of luck.

That isn't what I'm saying...

I'm saying you can't believe things just because it is on a government blog, especially when it doesn't add up in basic math.

It's not just the official CBO blog, it's the paper linked to on the normal CBO site.

Here it is: From the CBO;
http://www.cbo.gov/doc.cfm?index=11705

It discusses a small reduction in labor, as the man did in his testimony. When the congressman first asked the question, he also said, "you just said that the health care law will reduce the labor used in the economy by about 1/2 of 1%". The man's initial testimony isnt included in the cut youtube video you provided but the congressman lets us know what he said.

There is no difference between the written paper and the spoken testimony.

That number which you conveniently throw around as a percentage point, is 800,000 jobs. And that's with Obama's rosy economic estimates that should be thrown in the trash.

That's the quote from your own link. In support of the paper. He also notes that these arent literal jobs, its a way of quantifying hours reductions.

Way to miss the forest for the trees.

Obamacare doesn't exactly provide incentive for part-time employment.

Furchtgott-Roth says this aspect of Obamacare is part of a larger trend toward government pricing low-skilled workers out of the U.S. economy.

“The burden of all these Obamacare provisions is going to fall more on America's low-skilled workers—the workers at White Castle, Burger King, and so on. Because their labor will become more expensive for companies to use, we’re going to see more mechanized solutions, a trend that is already happening in Europe,” Furchtgott-Roth said.

America’s current minimum wage is $7.25 per hour, but Furchtgott-Roth points out that when factoring in the costs of Social Security and worker's compensation, workers only make sense for small businesses if their skills are worth more than $8.00 per hour.

“Obamacare raises the cost even more—close to $9.00 per hour. If your skills aren't above that level, you will not be hired,” Furchtgott-Roth said.

“Basically, this means unskilled workers will not be hired,” she explained. “In Italy today, you’ll see pizza machines where you put money into the machine and it basically rolls the bread right in front of you, puts on the fresh ingredients right in front of you, all because it is cheaper to pay for that machine because of Italy’s regulations and taxes than to hire a worker to do it. That's the future of America.”
http://www.heartland.org/healthpolicy-n ... rkers.html

This also affects students trying to get a part time job.

But that has nothing to do with what the CBO said.

So, I'm pointing out the rosy estimates aren't accurate, further you may want to reduce 800,000 jobs to a statistic, but I don't.

Basically, Republicans were 100% right about Obamacare, it needs to be tossed in the garbage and then set on fire.

It seems designed to wreck the economy if you think about it.

lol

Well so much for trying to teach you to look for context in remarks.

I do look for context, I'm just not going to sit here and reduce 800,000 jobs to a statistic because it makes something awful look better to someone that doesn't pay attention to the details.

Why you won't listen to what he actually said and wrote is a mystery.

I don't care about the attempts to make Obamacare look better when it is garbage.

CBO finally admitted that Obamacare costs jobs, that is what I care about.

Back to that nonsense eh?

I immediately discredit the validity of the filth spewing from the mouths of those so unprofessional and disingenuous to call the health reform bill 'Obamacare'. Its just a filthy soundbite to establish continuity in the pea-brains of conservatives. If you don't keep repeating the same non-sense you can't get the lemmings properly fired up.

I have spent dozens of hours watching both the senate and house open sessions and various committee meetings regarding the "Repeal the Job-Killing Health Care Act", as well as many more so watching the development and passage of the Affordable Health Care Act, and stand firmly in stating that conservatives are so far out of touch with the demands of our modern world, society, economy, etc. that if they capture significant influence or power in the near term, the apocolypse will be a self-fulfilling prophecy. They are either a race of super evil aliens hell bent on destroying humanity, or are just really that dense and stupid as to not understand the ramifications of modern mathematics, science and technology to be able to take place in governing it. I am sorry Jimbo, but your beer drinking animal huntin' hill billy existence in the back woods has no relevance to the REAL world, nor does your false idea of 'no regulatin', god will take care of it just fine' have any reasonable place in reality.

Popular media is a disaster in the modern age, Fox News, Limbaugh, etc. have found the formula to get the lowest intelligence demographics up in arms. The saddest part, is the conservatives have capitalized so much that now you can't get through 45 seconds of republican speech on the floor of the house or senate without being bombarded by soundbite after soundbite after soundbite. Even worse yet, is the lemmings don't know they are being had for ratings, FOR PROFIT. They are being emotionally exploited for revenue alone. Beck has admitted it, Limbaugh has admitted it, Fox News has admitted it (in court).