Obama Pulling Job Loss Heart Strings

In the last year we’ve blown $2 Trillion.? Most of us have nothing to show for it.? Job loss in September was higher than expected.? The Obama administration wants to spend more of our money.? And now they have turned to pulling on the heart strings of the double-digit figure portion of America that is without a steady income.

Saturday, Obama called the unemployment figures “sobering”.? He then took a chance to add that if we fix health care somehow this problem will be fixed.

Don’t forget that at this point, 4 Billion Americans are out of work, according to Pelosi math.

Obama proclaimed that health care reform is a,

critical step in rebuilding our economy so that our entrepreneurs can pursue the American Dream again, and our small businesses can grow and expand and create new jobs again.

I have doubts about this.? Consider the additional tax burden that will come with health care reform that will be placed on small business.? One has to consider the argument that health care reform may increase the unemployment rate drastically.

Why?? Small business in America is considered to be any business that has less than 50 employees.? On the high side of small business, for companies that must maintain health care for their employees to remain competitive and claim talent, the additional tax burden may actually be smaller than the amount spent on purchasing health care for the employees.

But very small businesses of 10 employees or less most likely do not purchase health care for their employees.? Especially those businesses, like independent pharmacies for example, where the majority of employees are part time.? For these businesses, the tax burden will be high.? And the result will be that the employer will be forced to let some employees go in order to handle the additional tax burden.? Because the majority of our countries citizens are primarily employed by small business, the bottom line to health care reform could be an increase in unemployment rather than what Obama would like us to believe.

It’s interesting that all of Obama’s tax heavy plans that strip money from our pockets will turn the job market around.? At some point, you have to start realizing that someone is crying wolf.

-nick