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March 28, 2012

'How Obamacare Derailed the Economic Recovery'

Topics: Political News and commentaries

Liz Peek of The Fiscal Times offers a tough, solid, must-read analysis of how Barack Obama derailed the economic recovery.

[...] Whether or not the Supreme Court upholds the government's mandate that every American must purchase healthcare insurance, Obamacare is a failure. In spite of innumerable speeches, editorials and presentations on the merits of the law, Americans don't like it. Though most people recognize that ever-rising healthcare outlays threaten our nation's fiscal integrity, they can't imagine that granting free health services to 30 million Americans will solve the problem. They see the Affordable Care Act as a massive expansion of government activity that will not make healthcare affordable but that will instead drive costs higher as millions more receive a blank check for medical services.
Liz sums her piece up by aptly noting: "The reality is that numerous projects and programs might have passed a less fractious Congress and been supported by a less divided country. Though rising deficits ultimately would have alarmed taxpayers, more growth would have tempered both budget and enthusiasm gaps. Instead, we have suffered the worst of all worlds ... a government hobbled by political and economic constraints and a people pessimistic about the future. This is the legacy of Obamacare."

Posted by Hyscience at March 28, 2012 3:26 PM

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