Paul R. Gregory's writings on Russia, the world economy, and other matters that he finds of interest.
Thursday, February 6, 2014
Obama's Spin Doctors Open Up A Pandora's Box With Their CBO Response
The Congressional Budget Office (CBO) report that Obama Care will cost 2.5 million jobs sent the Democrat rapid response teams reeling. The “non-partisan” CBO has labelled the president’s signature achievement a job killer. What to do?
The Obama team’s first reaction must have been: This must be wrong! Haven’t we been saying all along that employment problems are to be corrected by government spending? With the CBO’s determination that the ACA’s carrot-and-sticks are destroying jobs, we cannot admit that the unemployed and underemployed are victims of misaligned incentives, not of inadequate government expenditures. We need another angle. A voice from the back of the room: Maybe we can say that, in certain circumstances, job destruction is good?
That was it. The best that Obama’s rapid responders could do for positive spin was that the ACA gives low-income earners new choices. They couldchoose to work fewer hours, or not at all, to keep their incomes low enough to maintain their insurance handout. A blessing instead of a curse, the ACA turns high school dropouts into budding poets, photographers, and writers (per Nancy Pelosi) whom free insurance saves from the drudgery of earning a living.