Friday, August 5, 2011

Catron: The One-Termer We've Been Waiting For

David Catron's latest OpEd at AmSpec covers President Obama, "The One-Termer We've Been Waiting For".

He discusses the economy-stifling results of ObamaCare, including stalled job creation, the job cuts at medical device companies like Boston Scientific, and job losses amongst health care workers due to hospital cutbacks.

One eye-opening excerpt:
Which bring us to the most galling irony of all -- the Obama administration has now admitted that PPACA won't reduce costs. Last month, the Centers for Medicare & Medicaid Services (CMS) issued a report showing that health care costs will rise faster with Obamacare in place than they would have in its absence: "CMS officials attributed the growth to an expansion of the insured population. Under the plan, an estimated 23 million Americans are expected to obtain insurance in 2014, largely through state-based exchanges and expanded Medicaid eligibility." In other words, the President's "signature achievement" actually exacerbates the main problem it was ostensibly designed to solve. Obamacare will "bend the cost curve" upward while expanding the unemployment rolls.
(Read the full text of "The One-Termer We've Been Waiting For".)

Given all this, it's no wonder that Americans have lost their enthusiasm for the President and his policies.