Monday, September 14, 2015

Progress report on economic effects of Obamacare

Have Republicans stopped their dire predictions of the job killing, deficit increasing, and economy wrecking effect of the Affordable Care Act?    Someone should tell them the news.

Since President Obama took office, the unemployment rate has fallen from 7.8% to 5.1%, which is lower than it ever was while Ronald Reagen was president.     In the 2012 campaign Mitt Romney promised to get it down to 6% by the end of 2016.   So much for that.   Obama beat that by 0.9% and by 15 months.

Since that 2012 campaign, more 7,000,000 new workers have gotten jobs -- despite the fact that taxes on the upper 1% have gone up (due to the expiration of Bush tax cuts) and due to some funding for Obamacare.

In addition, the deficit has gone down, not up.

So, guys, isn't it time to pick another thing to be wrong about?   You've about used this one up.   What about gas prices?   Predictions are to be under $2.00/gallon by the end of 2015.   Really good economic news to be going into the 2016 presidential race.


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