One in five businesses report having to reduce employment due to Obamacare
by: J. D. Heyes
NaturalNews.com
Friday, September 05, 2014
In recent days, the Congressional Budget Office released a devastating report containing some really bad news for the U.S. economy: Gross Domestic Product had ticked up barely 1.5 percent last quarter, and that comes on top of additional depressing economic news and a series of quarters where poor growth has been the norm rather than the exception.
Now, a new report has confirmed what many, including Natural News, predicted long ago: that the Affordable Care Act, with all of its expensive coverage mandates for businesses and companies, is costing jobs, and this at a time when job growth has been as stagnant as economic growth.
You will never get the White House to admit this, though; for months, officials there, including the President, whom the law is named after, have dismissed data suggesting that Obamacare is indeed having a negative impact on employment (and this, from a president and vice president who claim to be champions of “the middle class”).
Now, such denials will be a harder sell; a recent business climate survey conducted by the Federal Reserve Bank of Philadelphia has found seemingly undeniable proof that the law which a majority of Americans continue to loathe and oppose is causing businesses to shed employees and cut health coverage benefits.
‘One in five affected’
The Rest…HERE
