Park the BMW and Summon the Butler. It’s Time for an Economic Status Report.
I think it’s time we took a look at a couple or three of the President’s pet economic projects. I mean, things are going so well for everyone right now that we can take a break from polishing the heals of gold coins on our desks and let our butlers take over for a while.
So, how’s that whole Vote Buying Act Stimulus Act doing so far? It’s been a while since we’ve had a status report, though I can’t imagine why the administration has been so shy to mention it. After all, if it had been my genius idea that created or saved eleventy bazillion jobs and saved us from 8 percent unemployment as far as the eye can see, I’d want to trumpet it as loudly as I…oh…
Well, okay. So that’s not going so well. But how about the Obamacare rollout? Surely that’s just going gangbusters, right? Our President said over and over again that nothing the government did would ever force you to change your health care plan. Nuh uh. No way! I can’t imagine any real-world situation that might cause us to doubt the President’s veractity. Wait…what?
At least 30 percent of employers are likely to stop offering health insurance once provisions of the U.S. health care reform law kick in in 2014, according to a study by consultant McKinsey.
McKinsey, which based its projection on a survey of more than 1,300 employers of various sizes and industries and other proprietary research, found that 30 percent of employers will “definitely” or “probably” stop offering coverage in the years after 2014, when new medical insurance exchanges are supposed to be up and running.
Well, color me shocked to my toes that the President’s unproven economic plans, powered mostly by the emanations of gassy unicorns mixed with ground-up leprechauns continue to fall apart every time they brush up against reality. Who could have predicted such a thing? This Tommy person? Ha! Don’t make me summon Geoffrey, my valet, to scoff at you.
And don’t bring up that whole Chrysler bailout either. It seems our President was just the slightest bit less than honest about that. But I’m positive he told us the truth about everything else. Positive.
Other Posts of Interest:
- Our Panicmonger-in-Chief
- Kick It Up A Notch, Tim. Shoot for 8 Percent.
- Pick an Economic Strategy, Mr. President
Category: The Economy and Your Money
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