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De Omnibus Dubitandum - Lux Veritas

Thursday, April 11, 2013

Obamacare Strangles Job Creation, Stifles Medical Innovation

by Hans Bader on April 10, 2013,  in Healthcare, Regulation
Earlier, I wrote about the dismal March jobs report and how high unemployment has been masked by rising numbers of discouraged workers and people going onto Social Security Disability. I also noted Obamacare has wiped out some jobs and prevented the creation of others.
Economists including Mark Zandi and economics writers such as James Pethokoukis recently cited Obamacare as the likely culprit behind those lousy jobs numbers. Zandi cited the way it affected the labor market and which sectors were most sluggish in hiring. Ed Morrissey discussed some alternative theories for why hiring was weak, and why he wasn’t buying them, here.
Earlier, restaurant chain CEO Andrew Puzder explained how Obamacare is preventing jobs from being created in the restaurant industry, and causing layoffs in other industries. And John Stossel reported on how Obamacare is stopping businesses from hiring, interviewing people whose businesses have been harmed….To Read More….

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