You have to pass the bill…
Obamacare rears its ugly head in the headlines this week.
Papa John’s, along with a legion of other high profile businesses are going to be transitioning many full time positions to part time as a cost cutting measure due to the healthcare expenses that kick in in 2013 and 2014 due to Obamacare.
This has not gone unnoticed, and is not without controversy. The usual suspects are screaming ‘eleventy!’
Now you can go to this nice piece over on NRO for their POV. But the question is, why did this wait until after the election?
This was not some secret ‘get Obama relected consipiracy.’ Employers were sitting on the sidelines, hoping that Romney would be elected, as well as a senate majority. With that Obamacare would have been repealed. Yes, Dr. J. believes that the Republican majority would have used the nuclear option to cut this albatross from our country’s neck, were they given a simple majority.
Once it was clear we had two more years of Harry Reid and four more years of Obama, it was time for them to do what was necessary to protect their companies and shareholders. Dr. J. knew this was coming, and was not surprised to watch the other shoe drop.
Health insurance is expensive. Obamacare made it more expensive. Businesses are dropping employee coverage.
The good news for Obama is with this drop to part-time hours for many employees, more part-time jobs will be offered. U-3 unemployment will go down despite a static or increasing U-6 as a consequence. Nobody but racist Obama haters look at the U-6. You heard that here first and you can take it to the bank. Part time jobs are the recovery summer of 2012-2013! Yay!
The next thing to happen will be in a couple of years when a critical mass of employees have lost their coverage and cry to the government to create a single payer option to rescue them from their uninsured suffering…
All is proceeding as I have foreseen…