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OBAMACARE NEGATIVE EFFECTS: ObamaCare Will Kill 800,000 Jobs, CBO director says (Video)

Posted by FactReal on February 11, 2011

CBO director: Employment will be reduced by 800,000 Workers
Exchange between Rep. John Campbell (R-CA) and Congressional Budget Office (CBO) director Doug Elmendorf:

CAMPBELL: “That means that, in your estimation, the health care law would reduce employment by 800,000 in ’20-’21. Is that correct?”

ELMENDORF: “Yes. The way I would put it is that we do estimate, as you said, that the household employment will be about 160 million by the end of the decade. Half a percent of that is 800,000. That means that if the reduction in the labor used was workers working the average number of hours in the economy and earning the average wage, that there would be a reduction of 800,000 workers.”

But in 2010, Democrat Nancy Pelosi said: Health Reform Will Create 400,000 Jobs “Almost Immediately” (video):
Speaker Nancy Pelosi at the health summit: “It’s about jobs. In it’s life, it [the health bill] will create 4 million jobs — 400,000 jobs almost immediately.”


One Response to “OBAMACARE NEGATIVE EFFECTS: ObamaCare Will Kill 800,000 Jobs, CBO director says (Video)”

  1. BUCK CROSBY said

    This is Obamas goal , all these jobless added to what we now have will create his crisis so he can save us with his ” solutions “, ;ie; , impose more socialist or progressive controls .

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