There is growing evidence that it is forcing employers to jettison their health care plans and has been driving up the cost of existing health care premiums.
Remember when Mr. Obama promised that “you will be able to keep your health care plan. Period. No one will take it away. No matter what”?
A McKinsey & Co. survey of 1,300 employer plans found that 45 percent to 50 percent of businesses say they definitely or probably will seek other alternatives to employer-sponsored plans once the law takes effect in 2014.
Democratic Sen. James Webb of Virginia was sharply critical of the president’s handling of the health care reform law this week, saying it will be his biggest liability in his uphill bid to carry Mr. Webb’s swing state in November.
“Obama’s had a difficult time selling himself as a decisive leader,” Mr. Webb told Bloomberg News.
He’s been campaigning for an anti-investment, 30 percent tax surcharge on millionaires and billionaires that he says is all about fairness. The tax failed in the Senate this week, but he intends to continue his crusade against the wealthy, conveniently ignoring the fact that the richest 10 percent of earners pay about 70 percent of all federal income taxes.
“But let’s take a step back. Where in this is a plan to accelerate [economic] growth and job creation?” asks Jennifer Rubin, The Washington Post’s Right Turn blogger. “How does creating a new minimum tax for 4,000 taxpayers assist in the recovery?”
Exactly. It doesn’t.
Mr. Obama is out there talking about “fairness” when the hard times we’re still experiencing under his policies cry out for growth, jobs, business expansion and new startups that come from, well, investors with money that he wants spent on bigger government.
That’s what Mr. Obama will be attempting to sell in his low-road campaign for four more years: a fatter, richer, more costly government to make us even more dependent on its largesse.
And if he is able to divide Americans with this scurrilous class-warfare, anti-wealth-creation campaign, he will succeed.
Donald Lambro is a syndicated columnist and former chief political correspondent for The Washington Times.