Did you hear the great news?
CBO: #Obamacare will kill at least 2.3 million jobs http://t.co/thYmXBofW2
— Tony Phyrillas (@TonyPhyrillas) February 4, 2014
(via the Associated Press) – “…Several million people will reduce their hours on the job or leave the workforce entirely because of incentives built into President Barack Obama’s health care overhaul, the Congressional Budget Office said Tuesday.
That would mean job losses equal to 2.3 million full-time jobs by 2021, in large part because people would opt to keep their income low to stay eligible for federal health care subsidies or Medicaid, the agency said. It had estimated previously that the law would lead to 800,000 fewer jobs by that year…”
Sure, sure, that doesn’t seem like great news. But that’s exactly why the White House’s crack PR spin-meisters (CODENAME: the “Alternate Reality Team”) was activated as soon as this news hit. The guys from the A.R.T. (motto: “Anyone can lie, but what we do is ART”) instantly assured everyone within earshot that y’all are just too stupid to understand complex economy-related terms, such as “fewer jobs” and “2.3 million of ’em“: