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 Now, he's worried he won't be able to carry out his original plans unless Obamacare is repealed.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...(Read Full Post)

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