About This Blog
In my ongoing quest to educate liberals, I have often pointed out a basic economic point - increasing taxes on businesses causes job losses. Therefore, I keep advocating massive business tax cuts to stimulate job creation in this country and end the recession. For some reason, liberals keep arguing with me, though for the life of me I can't figure out what they are arguing with. Here is yet more proof of what I'm talking about:
Stryker, the Kalamazoo-based maker of artificial hips and knees, will cut 5% of its global workforce by the end of next year to reduce costs in the face of new fees on device makers required by the U.S. health care law [aka, ObamaCare].
The job cuts will reduce annual pretax operating costs by more than $100 million beginning in 2013, when the medical-device excise tax is scheduled to take effect, Stryker said Thursday in a statement. Stryker had more than 20,000 employees as of Dec. 31, according to Bloomberg News data.
Liberals run around crowing about poverty, greed, taxing the rich, fair shares, income disparity, class warfare, etc, etc, etc., but the best anti-poverty program ever invented is called a J-O-B, and liberal tax and spend policies INHIBIT job creation.
While I'm on the subject of ObamaCare, here's another unintended effect of that ill-conceived legislation:
Gallup reports that from the first quarter of 2010 (when Obama signed Obamacare into law) to the third quarter of this year, 2 percent of American adults lost their employer sponsored health insurance. In other words, about 4.5 million Americans lost their employer-sponsored insurance over a span of just 18 months.
This is not what the Congressional Budget Office (CBO) had predicted would happen. Rather, the CBO had predicted that Obamacare would increase the number of people with employer-sponsored insurance by now. It had predicted that, under Obamacare, 6 million more Americans would have employer-sponsored insurance in 2011 than in 2010...
“The nation's largest private employer, Wal-Mart, announced in October that new part-time employees who work less than an average of 24 hours a week would no longer be able to get their health insurance from the company. Wal-Mart laid out several other cuts to its health insurance offerings, including some workers’ ability get coverage for their spouses. Other companies have already made and will likely continue to make similar changes to their health insurance benefits….
“If Wal-Mart's decision is a precursor of how employers intend to manage their healthcare costs, the downward trend in employer-based healthcare will likely continue.”
So in addition to costing about $2.5 trillion over its real first decade (2014 to 2023), looting nearly $1 trillion from Medicare over that time (according to the CBO), forcing Americans to buy government-approved health insurance under penalty of law, and amassing unprecedented power and money in Washington at the expense of Americans’ liberty — if Obamacare stays on the books, you may like your health care plan, but that doesn’t necessarily mean you can keep your health care plan.
This is yet another example of liberals loading costs onto the American private business sector, with predictable negative side effects. It also explains why the Obama administration has granted 1800 waivers to companies excluding them from ObamaCare regulations. If ObamaCare was actually helping businesses to compete in this country, that would not be necessary. Our brilliant President and his equally brilliant Democratic Congress actually designed a health care law that HURTS business and inhibits job creation, right smack dab in the middle of what Obama himself calls "the worst recession since the Great Depression".
Add this to the fact that Obama has run up a record amount of debt, with projected $1 trillion deficits as far as the eye can see, and my only question becomes...is Obama TRYING to destroy the country, or is he merely the dumbest and worst President in American history ??? In either case, unless we have a desire to commit national suicide, we better not elect him to a second term, and we better get rid of all the anti-business Democrats in Congress while we're at it. If there was ever a time for America to pursue pro-business job creation and economic growth policies, it's now. Unfortunately, Democrats are standing directly in the way, blocking the road to prosperity. There is no valid economic reason for it, which I suppose explains all the class warfare doubletalk Obama and the Democrats are engaging in. They would rather propagandize the country to win the next election than implement policies to get us out of economic flatline. They complain about jobs going overseas, while at the same time promoting tax increases, regulations, and spending policies that will send more jobs overseas. It's shameful, and it's far past time for somebody to call them out on it.