Columbus Dispatch Editorial: Obamacare “Poised to Unleash Massive Harm” on Economy

President Obama Promised Economic Benefits As A Result Of His Healthcare Overhaul:

“President Barack Obama used his weekly radio address to tout the economic benefits of overhauling the health care system, saying that reform would help build a ‘new foundation for our economy to create the good, lasting jobs and shared prosperity of tomorrow.’” (Nia-Malika Henderson, “Obama: Health bill will create jobs,” Politico, 1/9/2010)

RED ALERT: Small Businesses Fight Back Against Provisions That Stunt Job Growth:

“Last month, the nation's most prominent small-business association joined in a lawsuit against the health-care overhaul signed into law earlier this year by President Barack Obama. The National Federation of Independent Business concluded that the law will be harmful to small businesses and to prospects for small-business job creation. Small business is the economy's employment powerhouse, because new jobs are created disproportionately by this sector….Others have pointed out that the law requires any employer with 50 or more employees either to provide health coverage or to pay a penalty. This could deter small employers from increasing their work forces and could induce some who are just over the 50-employee threshold to cut workers in order to get under it…All of which adds to the evidence that this was not a rational attempt to solve the nation's health-care problems but a bill forced through Congress for political reasons and justified with fraudulent accounting and false promises. It is poised to unleash massive harm on the nation's economy.” (“Bad Business,” Columbus Dispatch Editorial, 6/5/2010)