Report pinpoints frozen job market

Tina Korbe at Hot Air links to a Heritage Foundation study that showed private sector job creation grinding to a halt after Obamacare passed:

From the recession's low point in January 2009 until April 2010, when Obamacare went into effect, the private sector created about 67,600 jobs a month. After the president signed PPACA into law, that number slowed to a meager 6,400 jobs a month - a more than 90 percent decrease or less than one-tenth the previous rate.

As the report states, correlation cannot prove causation - but the change in course is statistically measurable and testing reveals a structural break between April and May of 2010. Moreover, small-business owners have said Obamacare is a deterrent to hiring. Take Scott Womack, the owner of 12 IHOP restaurants in Indiana and Ohio, as just one example. Before Obamacare became law, he had development plans in Ohio. Now, he's worried he won't be able to carry out his original plans unless Obamacare is repealed. Those restaurants he planned to open would provide jobs not only for his future employees, but also for everyone involved in the construction of the restaurant buildings themselves.

Anecdotal evidence is one thing. But when numbers are crunched proving what most of us know, it becomes political.

Obama hasn't exactly blamed business yet for the paucity of jobs, but that would logically be his next target. Liberal blogs have been railing against businesses for months, accusing them of deliberately trying to sabotage the recovery. It would not be surprising if Obama picked up on that theme and began to demonize businesses, blaming them for his own incompetence and horrid policies.

Tina Korbe at Hot Air links to a Heritage Foundation study that showed private sector job creation grinding to a halt after Obamacare passed:

From the recession's low point in January 2009 until April 2010, when Obamacare went into effect, the private sector created about 67,600 jobs a month. After the president signed PPACA into law, that number slowed to a meager 6,400 jobs a month - a more than 90 percent decrease or less than one-tenth the previous rate.

As the report states, correlation cannot prove causation - but the change in course is statistically measurable and testing reveals a structural break between April and May of 2010. Moreover, small-business owners have said Obamacare is a deterrent to hiring. Take Scott Womack, the owner of 12 IHOP restaurants in Indiana and Ohio, as just one example. Before Obamacare became law, he had development plans in Ohio. Now, he's worried he won't be able to carry out his original plans unless Obamacare is repealed. Those restaurants he planned to open would provide jobs not only for his future employees, but also for everyone involved in the construction of the restaurant buildings themselves.

Anecdotal evidence is one thing. But when numbers are crunched proving what most of us know, it becomes political.

Obama hasn't exactly blamed business yet for the paucity of jobs, but that would logically be his next target. Liberal blogs have been railing against businesses for months, accusing them of deliberately trying to sabotage the recovery. It would not be surprising if Obama picked up on that theme and began to demonize businesses, blaming them for his own incompetence and horrid policies.

RECENT VIDEOS