I listen to CNBC throughout my entire work day and overall I think its coverage is slightly on the conservative side, because the reporters who talk on CNBC are very knowledgeable about business and finance and thus they are not like the liberal dolts who report on the evening news. CNBC is a big breath of fresh air compared to the evening news shows on the alphabet networks, which I haven’t watched for more than five minutes at a time in years. I just can’t stand the obvious heavy liberal bias on the MSM evening news.
If the GOP doesn’t win the White House next year and completely repeal the disastrous Obamacare law, I predict unemployment will hold steady around 9% until 2013 when it will surprisingly increase to 11% as corporate managers react to the Obamacare law by laying off millions of workers as they launch a furious automation campaign and substitute capital for labor. If Obamacare is not repealed, we will see a full-scale rebellion against Washington and the repressive Obamacare law, especially in smaller companies which cannot afford the corporate staff to handle all the regulatory filings, legal problems, and administrative hassle caused by the oppressive Obama regime. Smaller companies are going to lay off huge numbers of workers, drop marginal customers, replace workers with computers and high-tech machinery, and absolutely minimize the number of employees in their companies as they try to minimize the huge regulatory costs and massive management headaches that Obamacare will surely cause. Ultimately, if Obamacare is not repealed completely, this rebellion by business will force big changes in this disastrous legislation that even Obama will have to sign, if somehow he does not lose the election next year (and I pray that the GOP wins.)
Another reason why corporations will absolutely minimize their number of employee if Obamacare is not repealed completely: it’s very simple...the Obamacare law seizes control of corporate health care costs and takes control of those costs away from corporate managers. This outrageous intrusion into corporate management creates a major financial risk for business—the risk of rising uncontrolled health care costs dictated by Washington D.C. Business is going to naturally respond to that risk by laying off more workers and absolutely minimizing headcount in all job functions. The repressive Obamcare law will cause further increased economic disaster if it is not completely repealed and replaced early in 2013.
Also, check out shadowstats.com for more realistic economic data.