Happy Wednesday folks,
The non-partisan Congressional Budget office recently came out with a report on Obamacare that shows, “the new health law is projected to reduce the total number of hours Americans work by the equivalent of 2.3 million full-time jobs in 2021, a bigger impact on the workforce than previously expected,” according to The Wall Street Journal’s Louise Radnofsky and Damian Paletta. The previously expected number was 800,000.Glenn Kessler of The Washington Post is quick to point out that this analysis does not show that 2.3 million jobs will be immediately scraped from the economy, but that the figure of 2.3 million is derived from “a combination of two conclusions: fewer people looking for work and some people choosing to work fewer hours.”
That being said, it’s still horrible news for an American middle class that has been just trying to tread water over the past five years.
Obamacare continues to have a negative impact on everyday Americans, so it’s no surprise that a majority of the nation disapproves of the law. According to a new Gallup survey, 51 percent of Americans disapprove of the law, while only 41 percent approve.
And when asked about the healthcare law’s impact “on you and your family so far,” only 13 percent of Americans said the law was helping. For such an expensive, burdensome law, a positive impact of only 13 percent does not bode well for the law’s supporters.
Seize the day.