In one of the most ridiculous attempts at spin comes an article on AOL News which is titled Obamacare has been good for the economy. Are you ready for logic so twisted that it may make you puke? Well, here we go.
- Aneta Markowska, an economist at Societe Generale, broke down just how consumers are spending their money that they have saved since the drop in oil prices. The largest increase in consumer spending since gas prices have dropped, according to Markowska, has been on healthcare.
- “It began to accelerate in the first half of 2014 and has averaged at 5.2% since then. Importantly, this pickup in healthcare spending was not driven by higher costs; real spending in this category accelerated from 1.9% in 2010-2013 to 3.9% thereafter.”
- This would indicate that Americans have been not only been spending more because of increased costs, but also intentionally allocating more of their wallet to the sector.
- To match the increased spending, the healthcare sector’s labor market has also been booming.
- This is just one piece of Obamacare’s impact, there are many other factors going into it and nominal spending on healthcare premiums are certainly worth considering, but according to Markowska, there is reason to believe the bill has been helpful to the US economy.
Are you kidding me? People cannot afford this piece of crap legislation. They are bleeding out just to pay the monthly premiums. The deductibles are insane. Hospitals and insurers are raking it in off the public’s back. And this a good thing? This is the warped perspective they come up with?
The media will try and make you believe anything but, as they say, you cannot polish a turd.Tweet