Wednesday, December 26, 2012

Obamacare Increasing Unemployment?

"Obamacare" has struck me as problematic from the beginning; based on way too many assumptions that were/are dubious at best.  Then, there are all the indirect consequences that are not easily anticipated or considered without a very thorough consideration of all the factors in play.  This is in part where legislative process really is important; lots of eyes to really analyze and assess the scope and range of impact - direct or indirect.  Obamacare was passed via Reconciliation - which is essentially a simple majority endeavor.  In bypassing the normal legislative process - having the bill passed by the House and Senate - elements and aspects of the law simply were not "vetted" adequately.  This is a real problem with a sector of the USA economy that accounts for about 15 to 20% of total US domestic product or "servince" each year.  Anyway, the employment issue is almost certainly one of the hidden or surprise pitfalls that I am guessing most missed.  

http://online.wsj.com/article/SB10001424127887324677204578186030313144130.html



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