The US labor participation rate remains at a historically low level, five years after President Obama and the Democrats spent nearly a trillion dollars on their “stimulus” program, and nearly four years after they passed Obamacare. While the official unemployment rate has ticked down, much of that can be attributed to millions of Americans just giving up looking for a job.
Meanwhile, nearly half of US small businesses say that Obamacare is causing them to freeze hiring. Nearly a third of businesses are cutting worker hours, because of Obamacare’s mandates.
Obamacare czar Kathleen Sebelius doesn’t think that what businesses are saying about themselves and Obamacare is actually true, according to Politico.
Health and Human Services Secretary Kathleen Sebelius says there is “absolutely no evidence” that the Affordable Care Act will drive down employment, despite a report from the Congressional Budget Office released Feb. 4 predicting fewer people would be working.
“There is absolutely no evidence, and every economist will tell you this, that there is any job-loss related to the Affordable Care Act,” Sebelius told reporters in Orlando, Fla., on Monday. “Part-time physicians are actually down since 2010, not up. The number of full-time workers continues to increase. I know that’s a popular myth that continues to be repeated but it just is not accurate.”
Eh, but who are you gonna believe — a politician with a vested interest in supporting a law that she has already botched, or businesses that are just trying to figure out how to make it in Obama’s economy, and the CBO which says Obamacare will cost more than 2 million jobs over the next ten years?