I have an idea Obamacare will hurt retail sales badly, destroying more jobs, driving us even deeper into the recession that never ended.
With people anticipating a big increase in insurance premiums next year, poor sales this Christmas might foretell the coming decline.
Bingo!
President Bush the first did an economic stimulus where he cut tax witholding by 1% and it had a substantial positive effect. Obamacare increases are going to take 10% of some peoples disposable income and that's going to kill the economy
Yep, these higher insurance premiums on millions of working people will have the same effect as a payroll tax increase.
And, something they are not yet talking about is that insurance premiums are increasing rapidly for people with employer provided insurance. That also acts as a payroll tax increase.