Obamacare = Obamajobkiller -- With all the talk about Solyndra and Fast & Furious, it's easy to forget about the biggest Obama administration scandal of all: Obamacare. TheDC's Neil Munro reports on the latest unintended-yet-long-predicted consequence of the unpopular utopian legislation:The big problem is, even if Obamacare is struck down by the Supreme Court, there may be long lasting damage to the medical device industry that will take years to recover...if ever.
"President Barack Obama's health care reform law is already bleeding jobs from the nation's high-tech, high-wage medical device industry, but Senate Democrats aren't trying to close the wound, says Minnesota Republican Rep. Erik Paulsen. The 2010 law imposed a crippling 10-year, $20 billion tax on revenues — not on profits — earned by companies that make medical devices, such as catheters, artery-clearing stents, scalpels and pacemakers. The tax is prompting American companies to shed jobs, move factories overseas and reconsider niche-market research projects, said Paulson, whose district include medical device companies. No Senate Democrats are supporting his tax-repeal bill, even though many have medical devices companies in their districts, he said. 'They're the ones digging to protect Obamacare,' he told The Daily Caller. 'The administration will dig in and protect Obamacare at all costs, even if it looks like it is going to cause the layoff of 10 percent of the medical-device workforce, or 43,000 jobs,' said Paulson, who has gathered 218 House signatures for a bill to repeal the tax."
If those 43,000 people wanted to keep their jobs, they shouldn't have gone into an industry that helps the sick and saves lives. Besides, what good is creating jobs if it means some people have more money than other people?
Thursday, November 17, 2011
Because if you do, the equipment you might need may no longer be available (from Daily Caller):