With the Health Care approval, will the Economy get worse before Election Day?

[milhouse24]

There were many small businesses that were hoping that an ACA repeal would provide some expectations of a low tax future.  Small businesses must budget for 1-2 years and set aside funds for new taxes and regulations.  

Now that the ACA has been approved, the implementation of Universal Health Care is still muddy and complicated.  Small business will be subjected to new higher taxes and regulations on health care that have yet to be clarified or detailed.  

Therefore, businesses that were hoping for "no new taxes" so they can hire more people and take out more loans for expansion, are stuck waiting another 2 years until 2014 to figure out exactly how the ACA implementation effects their company's budget.  

Do you think the ACA law will continue to slow down job hiring and the economy as a whole?  

Or will the economy grow and lower unemployment before election day, thereby helping Obama win re-election?  Or will Romney win election because the economy will remain in the tank or get worse?

[King]

Many businesses also love Obama and plan on supporting him as grand ruler for life.

True story.

[Brittain33]

How many "with Obama failing miserably, will Obama do worse on Election Day" threads by this poster do we need?

[milhouse24]

How many "with Obama failing miserably, will Obama do worse on Election Day" threads by this poster do we need?

Health Care is a giant, complicated issue that will affect every taxpaying American. 
Just because you want to put your head in the sand on its ramifications does not mean other Americans can't voice their Freedom of POLITICAL SPEECH in their opposition to the effects that this policy will create. 

There are many businesses that hoped the AFA law would be struck down just so they have some clarity on their tax rates for the next 1-2 years; and they can get to hiring and expanding business. 

Now these businesses have to wait until 2014 to determine whether they will be taxed into bankruptcy. 

There is a lot of Cheap Credit lines out there, but no business owner is going to take out credit if he/she will be hit with huge taxes next year.  They won't hire over the 49 limit until they know how much they will have to pay out for taxes "for large 50 people companies." 

Just because you are not a business owner does not give you the right to shut up the voice of millions of hard working Main Street Americans.

[TheGlobalizer]

Impact will be minimal right now.  Some small groups will punt and pay the penalty.  In 2013 you're going to start hearing about insurers leaving the individual market in various states.  Then the sh** will hit the fan, as the people dropped by employers will have limited options in the individual market, too.

[Sbane]

Why would insurers leave the individual market?

[kenyanobama]

Why would insurers leave the individual market?

Because they like religious and personal liberty too.

[WhyteRain]

"Do you think the ACA law will continue to slow down job hiring and the economy as a whole?

Yes.

Or will the economy grow and lower unemployment before election day, thereby helping Obama win re-election?  Or will Romney win election because the economy will remain in the tank or get worse?"[/i]

The current "recovery" has broken generations-old records for flaccidity.  It's the worst since the recovery of 1932-34.  Even I, who predicted a bad economic performance under Obamanomics, never thought it would be this bad.

Therefore, might things get better before Election Day?  It's just so difficult to imagine them getting worse.

[Sbane]

Why would insurers leave the individual market?

Because they like religious and personal liberty too.

Can someone please ban the troll? Thanks a bunch.

[kenyanobama]

Why would insurers leave the individual market?

Because they like religious and personal liberty too.

Can someone please ban the troll? Thanks a bunch.

Typical intolerant name-calling

[True Federalist (진정한 연방 주의자)]

Why would insurers leave the individual market?

In states where the insurance regulator has to approve the prices charged, if the penalty tax is too small to produce the desired behavior of more people buying insurance but instead thanks to must carry leads to healthy people dropping insurance, then it could lead to insurers either losing money (or not making as much as they could elsewhere) if the regulator is either slow in adjusting rates to match the risk of the remaining insurance customers or fails to increase rates sufficiently to cover the increased risk.

Some insurers will be willing to endure the risk of offering mispriced insurance, others won't.  This sort of thing happens all the time in the insurance market, but seldom in all 50 states at once.

What is more likely is that after the first couple months of 2014 when people who will buy insurance because of the mandate have bought it, quite a few insurers will chose to no longer write new policies while they wait to see what the effects of ACA turn out to be.

[WhyteRain]

"Do you think the ACA law will continue to slow down job hiring and the economy as a whole?

Yes.

Or will the economy grow and lower unemployment before election day, thereby helping Obama win re-election?  Or will Romney win election because the economy will remain in the tank or get worse?"[/i]

The current "recovery" has broken generations-old records for flaccidity.  It's the worst since the recovery of 1932-34.  Even I, who predicted a bad economic performance under Obamanomics, never thought it would be this bad.

Therefore, might things get better before Election Day?  It's just so difficult to imagine them getting worse.

As usual, I spoke too soon:  New reports say manufacturing output "surprisingly" falls and wages "unexpectedly" fall, too.

http://www.latimes.com/business/us-manufacturing-down-20120703,0,3603425.story

http://washingtonexaminer.com/wages-drop-only-5th-time-in-33-years/article/2501161

I noticed a "rant" this morning by one of our Democrats who "can't believe" that Obama won't win this election easily.