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Would You Like Fries with That?

July 17th, 2013 - 5:04 am

Mort Zuckerman on how his buddy Obama broke America’s jobs machine:

ObamaCare is partially to blame. The health-insurance law requires employers with more than 50 workers to provide health insurance or pay a $2,000 penalty per worker. Under the law, a full-time job is defined as 30 hours a week, so businesses, especially smaller ones, have an incentive to bring on more part-time workers.

Little wonder that earlier this month the Obama administration announced it is postponing the employer mandate until 2015, undoubtedly to see if the delay will encourage more full-time hiring. But thousands of small businesses have been capping employment at 30 hours and not hiring more than 50 full-timers, and the businesses are unlikely to suddenly change that approach just because they received a 12-month reprieve.

I once had an otherwise-smart seeming fellow tell me that regime uncertainty didn’t really effect business decisions, because everybody would just raise their prices the same amount to soak up the legal costs.

What an effing moron.

Thinking like that at the highest levels of power is what has caused our present malaise, because the smartest guys in the room have never held a management position in the private sector. They have no damn clue as to what they’ve done to us, nor how to fix it.

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All Comments   (6)
All Comments   (6)
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Technologically it's a rejectable build, but politically it's WAD.
1 year ago
1 year ago Link To Comment
Oh hell, wait. Now I read the article and I have to add something.

Zuckerman thinks we need an infrastructure program (among a few sensible things) to pull ourselves out of this. It's probably true that "air-traffic-control technology is stuck in the last century," but until we overhaul the federal procurement process, FORGET IT. Interestingly, Zuckerman thinks we should streamline the patent approval process.
1 year ago
1 year ago Link To Comment

That's nothing. After Obamacare passed, I was told in all earnestness by an Obama voter that everything would be fine because people don't change their behavior in response to taxes.

This made me want to curl up in the fetal position, because the guy was my tax attorney.

1 year ago
1 year ago Link To Comment
Please tell me you demanded your retainer back.
1 year ago
1 year ago Link To Comment
"Little wonder that earlier this month the Obama administration announced it is postponing the employer mandate until 2015, undoubtedly to see if the delay will encourage more full-time hiring."

No, undoubtedly it is to avoid the catastrophic losses the Democrats would incur during the 2014 election. I don't think Obama cares in the least if businesses hire workers, so long as Democrats can maintain their hold in Congress.
1 year ago
1 year ago Link To Comment
They undoubtedly believe business owners are stupid.

The stupid business owners will start hiring and get stuck with the Obamacare "taxes" or pay Sandra Fluke's condoms or layoff the new hires and raise their unemployment insurance premiums in 2015.
1 year ago
1 year ago Link To Comment
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