WASHINGTON, August 6, 2013 — How many times does the news have to come out before even the most hardened Obama supporter will realize that Obamanomics is a disaster?
The signature program of Obamanomics, Obamacare, is destroying America.
How is this happening?
The basics of economics are very easy to understand. Create an incentive for something, and you get more of it; create a disincentive, and you get less.
America is slowly lurching towards Obamacare’s ultimate rollout. One of the most damaging provisions of Obamacare is the employer mandate. Every employer must provide government approved healthcare insurance for every employee provided the enterprise has more than 50 employees. However, the mandate only applies to workers who work more than 30 hours a week.
So what is the result?
The obvious result is a massive change from full time work to part time work. Obamacare creates a disincentive to hire people to work fulltime. It makes it much cheaper to hire three, four or five part-time employees than it does to hire two full-time employees.
We are seeing this play out now in the unemployment statistics. Employers are not hiring. A record eighty nine million Americans are not in the labor force. Labor force participation is at the lowest level it has ever been recorded, at 63 percent. Only 47 percent of Americans have a full time job.
If those numbers do not stagger you, then there is one number that should.
While the Administration likes to brag that it is creating jobs and we are in a recovery, according to Kenneth Hall, who ran the Bureau of Labor Statistics from 2008 to 2012, 97 percent of the job creation in the last six months has been part-time jobs.
Of the new jobs that are being created, a scant 3 percent of them are full time jobs.
America is now rapidly becoming a nation of economic castes. Either you are one of those fortunate people who can land a full time job — and with that you will get not only benefits, but the key to the middle class life — or you are one of those people who is going to scratch out a subsistence living cobbling together part time jobs.
Part time jobs are not the way to prosperity. These part time jobs will not allow someone to make the kind of living Americans expect to make. It will not allow them to buy a house, to buy new cars, to buy the toys, such as big screen TV’s, that we expect.
This is the road to poverty and the road to serfdom.
America could bounce back from this Great Obama Depression quickly. There are a number of things that could be done, but the fastest way to recover would simply be to repeal Obamacare.
Unfortunately for America, the Republicans have no interest in repealing Obamacare. Senator Mike Lee is leading the fight to shut the government down if Obamacare is not defunded. Congressman Paul Ryan, acting like a typical RINO Republican yesterday said, there are “more effective” ways to stop Obamacare than shutting down the government.
Unfortunately for America, Ryan did not offer any real plans to stop Obamacare.
Shutting down the government is a risky strategy for the Republicans, but it is at least a plan.
This article is the copyrighted property of the writer and Communities @ WashingtonTimes.com. Written permission must be obtained before reprint in online or print media. REPRINTING TWTC CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.