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To: Mister Da
Folks, think about all the money that will not be spent in the economy because it will now be sent to the insurance companies and/or Obama instead.
The woman here will have $140 less per month to spend on groceries, entertainment, & other purchases. I've seen some reports of people who will pay hundreds more for insurance each month. That money has to come from somewhere, monthly family spending will have to be adjusted, purchases & saving will have to be curtailed.

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

54 posted on 10/29/2013 4:26:39 AM PDT by rdcbn
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To: rdcbn

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.


55 posted on 10/29/2013 4:50:20 AM PDT by Mister Da (The mark of a wise man is not what he knows, but what he knows he doesn't know!)
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