Is this the time we say “I told you so”?
And if you’re going to ignore a century’s worth of actuarial practice and accounting rules, why not just throw out all of economics and feign surprise at rising insurance premiums, the cancellation of services, and the discontinuation of products? Obamacare levies a 3.8 percent tax on profits from home sales — meaning they have reduced the real sales value of American homes by 3.8 percent — and Democrats act as though this will have no effect on the tanking housing market. They issue “interim final” rules that change at the whim of the administration and then deny that uncertainty is hobbling the economy. They require that every business file a 1099 for the IRS for every vendor transaction exceeding $600 — a requirement that the IRS itself confesses it lacks sufficient manpower to handle — and then promise that their program will save the country money through reduced paperwork. They add an extra layer of taxation onto investments to offset the costs of their health-care mess and then wonder that investors aren’t pouring money into new job-creating enterprises. No, neither Obamacare nor regulatory uncertainty is exclusively responsible for the poor state of the economy, the unsteady markets, or weak housing prices, but they are contributors, and their contribution is not negligible. ~ from National Review editorial Unintended, But Not Unforseen
Only clueless twits like Pelosi and Harry Reid could think that this pile of steaming excrement wouldn’t negatively impact the economy.
Throw the bums out!