Friday, April 19, 2013

Obamacare "Train Wreck"

Gary L. Bauer

Three years ago, conservatives warned that Obamacare was a job killer. Liberals laughed off the warnings. Yet since its enactment, the economy has remained sluggish at best and the unemployment rate remains stubbornly high. Obamacare is unquestionably a big part of the problem.

Many small businesses are reluctant to hire new employees because of its mandates and others, as we have reported, are actually cutting back on workers' hours. This week the nation's largest movie theater company, Regal Entertainment Group, announced that it too had started reducing the hours of its employees. In a letter to managers, the company stated:

"To comply with the Affordable Care Act, Regal had to increase our health care budget to cover those newly deemed eligible based on the law's definition of a full-time employee. To manage this budget, all other employees will be scheduled in accord with business needs and in a manner that will not negatively impact our health care budget."

Once again, big government mandates are hurting the working poor -- the very people liberals claim they are trying to help.

As more and more folks start to find out exactly what is in Obamacare, they are realizing they don't like it so much anymore. For example, Big Labor was a big backer of Obamacare, but now, citing "unintended consequences," one union wants Obamacare to be repealed.

Here's another example. Earlier this week, we reported that Obama's budget included hidden middle class tax increases due to proposed changes in accounting for inflation in Medicare and Social Security. Investor's Business Daily reported this week that a number of Obamacare's taxes operate the exact same way.

By deliberately failing to adequately adjust for inflation, liberal politicians are targeting more and more middle class families with higher taxes that we were told were only meant for the "rich." Obamacare is a repeat of the alternative minimum tax fiasco.

Again, conservatives warned Obamacare was full of "unintended consequences" and bad ideas, but liberals rammed it through while they could. Now they are starting to worry about a backlash.

Last week, Senator Jay Rockefeller (D-WV) complained that Obamacare's rollout was "beyond comprehension." This week, Senator Max Baucus (D-MT), Obamacare's principle author, said he was "very concerned" about how it is being implemented, and warned, "I just see a huge train wreck coming."