What we are in fact now learning, is the CBO was very generous to Obama in their estimates on many of the conclusions they drew. The costs and negative effects of Obamacare were greatly understated. Now the CBO says Obamacare will cost the equivalent of 2.5 million jobs. All facts point that that is the absolute minimum. The CBO is again being generous to the regime. And yet, the regime is declaring how wrong the CBO is. Obamacare has probably already cost the economy that many jobs already. We learned today three more hospitals in Georgia will be closing due to Obamacare. Doctors’ offices and clinics have been closing with many more to close in the next several months. Yes, we will be fortunate if the loss is only 2.5 million.
Now the CBO is stating an economic fact that the proposed increase in the minimum wage will cost over a half million jobs. Increases in the minimum wage have always cost jobs. It always hurts a large number of people it was intended to help. The increase in the minimum wage along with Obamacare will also force many small businesses out of business. As long as one plus one equals two, this will be true. A business cannot stay open unless it is collecting more cash than it is spending. Not even Obama and the Marxist/Progressives can change this law of economics. Marx thought he had a way around it, but history has shown his way always leads to devastating economic times. Venezuela is a recent proof of that truth.
The utopia the Marxist/Progressives would like us to believe will be the result of their policies can only exist in their minds. Gravity still prevents us from floating away and man is still human with all the good and bad that entails. As long as this is so, the policies of the Marxist/Progressives to bring about the utopia where all are equal and all conform, will always lead to disaster.