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The Obamacare Recession

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  1. CashMcCall says:

    Your article missed most of the salient points by soft peddling this bill. IRS has it right. It says that for a family of four the cost to that family in after tax dollars will be $20000. Suppose the family income was 60K, that would be taxed first then Obamacare policies bought OR a tax penalty would be asserted by IRS. John Roberts of course calls this a tax.

    Large businesses get no deductions. So if they pay $5K for every employee that money has to come from someplace and that some place will be the cost of goods and the corporation bottom line. For small businesses under fifty it will mean employees have to foot the tax out of their existing incomes. And companies larger than fifty will scale back on employees. This is just a hefty regressive tax against all citizen taxpayers and will create a whole new collection of new tax penalty recipients.

    This bill was supposed to cut the cost of medical insurance instead it quadrupled it.

    It is really onerous. Before Obamacare there were 250 million insured. After Obamacare, I venture the guess the number will be less than 200 million and a large chunk will be from the expansion of medicaid. In Florida only 2% of doctors take Medicaid so most of this traffic will go to Emergency Rooms which will systematically bilk the system.

    The good news for the really sick is that you can wait to get sick then get insurance. This is the area where the insurance companies will go under. You see, I believe that the a huge number of people will just pay the penalty tax which is based on incomes levels, so the insurance companies in bed with the Democratic machine will not get their cash cow of forcing All Americans to buy their product. In fact their numbers will be lower than they anticipated and the higher they raise their prices, the worse their numbers look.

    Obamacare is more than just a terrible idea, it is a fiasco. Worse, major industries have migrated to Asia over the last three years, all manufacturing. There is no point in an American manufacturer staying in the USA. Consider CAT. All major structural steel is made in China. The US doesn’t have a single blast furnace. All we make is rolled steel. So CAT must import Steel to make its products.

    Meanwhile, the Chinese are creating CAT knockoff at a dozen plants. The thing CAT offers in the USA is service so CAT is stuck with its service industry in the face of Obamacare. Meanwhile their manufacturing margins decline. The Unions and Obamacare will put manufacturing out of business in Illinois. Further the company attempted to move some operations to China but management was negligent and lost a money.

    In addition to this virtually all the US semiconductor businesses have moved to Asia with R&D. This is a major loss in technology and brain power. So enjoy the fruits of a democratic party that went berserk with power; you get obamacare and you get the rug ripped out of the US Economy. This will trigger a recession unless Obamacare is repealed now for the good of the country.

  2. Seipherd says:

    The Oconomy is what is going on, not a recession, nor anything else. O as in zero, O as in hole of the donut, O as in Ocrat’s leading the charge.