Obama Hagan destroy US NC economies jobs healthcare, Obamacare and private insurance cost increases, Labor force plummets, Part time jobs spike, NC decimated by Barack Obama and Kay Hagan
“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief
“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 2014
“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.
Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013
“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″
I have been planning an article about the impact of Obamacare, the rising premium costs and destruction of full time jobs.
Senator Kay Hagan supported Obamacare and has voted with Obama nearly every time.
Before revealing the NC job impact, here is breaking news from Charlotte, NC.
From the Charlotte Observer October 20, 2014.
Charlotte’s Section 8 housing wait list triples to all-time high
A new number has emerged to help define Mecklenburg County’s affordable housing crisis: 32,128.
That’s how many low-income people filled out applications in just five days to be on the waiting list for Section 8 Housing Choice Vouchers: three times the number who applied for such rent help when the list last opened in 2007. The substantial jump caught housing officials off guard.
Equally surprising for the Charlotte Housing Authority is that 4,449 of those adults listed their housing status as homeless, a number that includes those in charity housing, extended stay hotels or living with a friend.
NC jobs situation?
In August 2008 the labor force participation rate was 65.2 percent.
In August 2014 60.5.
That is a 4.7 percent plummet!!
God only knows what the real unemployment rate is.
Especially with so many full time jobs being replaced with part time as a direct result of Obamacare.
From Prison Planet October 20, 2014.
“Obamacare Premiums Expected to Rise By Double Digits”
“Even though President Obama has delayed the open enrollment period for Obamacare until after the mid-term elections, word is starting to leak out about how much those premiums will rise — and it isn’t pretty.
One report says subscribers to the the Obamacare “bronze” plan — the cheapest healthcare offering under the Affordable Care Act — could jump nearly 14 percent in price.
In its analysis, Investor’s Business Daily reports that 40-year-old non-smokers earning 225 percent of the poverty level face a 13.9 percent hike. The analysis catalogued expected prices for the largest 15 cities in the nation, including Washington, D.C..
Bronze subscribers in Seattle will see the largest spike, with their premiums jumping by 64 percent, from $60 to $98 per month. In Providence, R.I., the plan cost is expected to soar from $72 to $99 per month, from $88 to $111 in Los Angeles, $100 to $122 in Las Vegas, and $97 to $114 in New York, according to the Washington Times.”
“Still, people across the country are already receiving cancelation notices from their health care providers. A wave of such notices went out last week in Colorado, a state with a tight Senate race. More than 22,000 Coloradans received cancelation notices in the last month — and nearly 193,000 more will lose their policies at the end of 2015, the Times reported.
In all, more than half a million people in the state have lost their insurance. And the scene is being replayed in states across the country.”
From commenter RMinNC October 20, 2014.
“YOUR NOVEMBER SURPRISE….
Taken from ATS this am….this man is not a happy camper…don’t check your mail box…you may have a November surprise too!
” I have always been opposed to Obamacare. While in theory, providing healthcare to everyone is a novel idea, I don’t believe it’s realistic in a capitalistic society. So I finally got around to opening my mail from yesterday and there’s a letter from my current provider Humana, outlining any changes to my plan for 2015.
My plan isn’t a Cadillac plan. It covers me, my wife and 2 boys with an 80/20 plan with unlimited doctor visits at reasonable co-pays.
I almost fell over when I saw the premium is going to be raised from $520 a month to $877 a month. That’s a 68% increase and in no way is affordable.
I hope those mother f’ckers from Humana all get fired and that lying piece of trash Obama and anyone who supported his ACA are all voted out on their asses.
So much for if you like your plan you can keep it and so much for the proposed economies of scale reducing premiums. I knew that the ACA wasn’t going to end well, I just had no idea it would be this catastrophic financially.
All I can hope for is that the right takes over the Senate in a few weeks and do something to get rid of or mitigate this awful legislature.”.”