Economic Restructuring Via Obama

While our politicians are dancing around the financial cliff, what is kicking in on the ground is a nasty tax regime grossly gamed by a rent seeking insurance industry that has managed to force themselves into the game. No public bureaucracy in the world would create a medical delivery system so overpriced and out of control. It really is that bad.

Now it rides in and will tax directly to feed its appetites. This article may be over the top, but this has put huge uncertainty into the economy while causing a restructuring of how the bottom third of the population get paid. As this spells out, they will be doing a lot of hurting.

The hard reality is that the US medical delivery system is moving to a tipping point in which financial collapse becomes inevitable. The leverage has been hidden but has bled the system dry. There will be a steady rise in defaults after a brief boost in inflated revenues.

The medical industry will learn that they must provide the service while a decreasing proportion of the population will pay.

Cause and effect: Americans who voted for Obama now seeing weekly job hours slashed below 30 as Obamacare kicks in

http://www.naturalnews.com/038319_Obamacare_unemployment_work_hours.html#ixzz2EuTMAO22

Wednesday, December 12, 2012

by Mike Adams

(NaturalNews) It is the ultimate example of how you reap what you sow: Huge numbers of American workers who voted for Obama are now seeing their own jobs slashed below 30 hours a week as employers desperately try to avoid "Obamacare bankruptcy."

Obamacare mandates for businesses only apply to those working 30 hours a week or more, and while many businesses do not want to cut workers' hours, they are being forced to in order to stay afloat. This necessary action is causing businesses to lose money and become less competitive while at the same time destroying American jobs.

Some businesses are also slashing job positions in an effort to get below the 50-employee threshold above which Obamacare mandates kick in. So across the country, we're not only seeing workers lose hours thanks to Obamacare; we're also seeing workers losing their jobs.

But the Obama administration will announce these results to be a huge "job creation success!" because workers must now find two part-time jobs that usually pay less than the one full-time job they used to have. The raw job numbers, however, will be spun by the White House into a victory pronouncement of "twice as many jobs exist now!"

Be careful what you vote for

A note to Obama supporters: When you thought you were voting for "free health care," you were actually voting to get yourself "downsized." Your vote was an act of economic suicide. That's because no government can force a business to pay for something that will put it out of business. When government mandates become too expensive for a business to afford, it will simply stop conducting business and that means cutting jobs or job hours.

Imagine: If Obama announced a new initiative called "double pay for all workers" and made it a federal law, he would of course win another popular vote. But employers wouldn't be able to afford the double pay mandate, so they would start slashing jobs or offshoring jobs, and that's exactly what we see today. Every employer in America is right now asking himself these three questions in order to stay above water and not go bankrupt:

#1) How can we slash workers to under 30 hours a week?

#2) How can we offshore jobs to India or other countries?

#3) How can we cut our total number of employees to under fifty?

This is the upshot of Obamacare: the destruction of America's small businesses.

The largest businesses pay almost no tax

At the same time small businesses are struggling to afford Obamacare, mega-corporations like Google are proudly announcing they're paying only 3.5% in taxes thanks to a complex array of global tax-shifting strategies with names like the "Double Irish" and "Dutch Sandwich." As Bloomberg recently reported:

Google Inc. (GOOG) avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show. By legally funneling profits from overseas subsidiaries into Bermuda, which doesn’t have a corporate income tax, Google cut its overall tax rate almost in half. The amount moved to Bermuda is equivalent to about 80 percent of Google’s total pretax profit in 2011.

So while Google, one of the wealthiest corporations in the world, pays just 3.5% in TOTAL tax, small businesses across America find themselves paying 30%, 40%, even 50% of their earnings in total taxes, including FICA, social security, inventory tax, capital gains and now Obamacare surcharges and taxes. This is how Obamacare works: Protect the corporate giants while socking it to small and medium-sized businesses.

Obamacare is gutting America's economy and throwing a wrench into the economic machinery that keeps America working. You know why service is so slow at retailers these days? Because Obamacare forced the employer to slash workers' hours. Why do car parts take so long to order and deliver? Because Obamacare gutted the human resources of the parts manufacturers. Why is everything becoming slower, more expensive and more frustrating across the economy? Because Obamacare mandates have forced employers to downsize or lay off their most productive workers.

I ask: What good is a health insurance mandate if it destroys your job in the process of being enforced?

Obamacare supporters have little understanding of economic reality

The simple truth of all this is that economics is a subject best left to those people capable of understanding mathematics, and that precludes the vast majority of voters of either political party. Mathematically speaking, Obama's so-called "mandate" isn't even a real mandate: Less than half of eligible voters actually voted in this recent election, and barely half of those voted for Obama. This means that roughly 75% of eligible voters didn't vote for Obama, yet they must suffer under his economic policies which are based in pure fantasy and delusion.

Obama has zero business experience. He has no clue how economics really works and no knowledge of how to run a successful business, much less the executive branch of government. I know what it takes to create multi-million-dollar companies because I've done it successfully and repeatedly, and I can assure you that the economic policies currently being pursued in Washington will only destroy jobs, destroy America's economy and destroy our economic future.

Democrats, it seems, believe the solution to all this is to make taxpayers pay even more money to the federal government. As we are told by the lamestream media, apparently the only reason the economy isn't celebrating a rapid expansion right now is because workers and businesses are allowed to keep too much of their own incomes. If only Washington D.C. had more of your money, they would use it more wisely, we're told, and fix all our problems. Obamacare is just the beginning: power-hungry zealots like Obama have plans for centralizing control and running everything in your life: health care, food choices, educational choices, private property, energy consumption, home gardening and anything else you might imagine.

So rather than thinking of ways to cut cancerous government out of the economy like a deadly tumor, the people who run the government can only imagine variations of ways to keep expanding it. (This is true across both Republicans and Democrats.) Government expansion necessarily requires an expansion of confiscation from businesses and workers. This action, of course, destroys international competitiveness and American jobs.

How to really create economic abundance in America

It's all cause and effect, folks. If you really want to uplift America's economy, create millions of quality jobs and put the kind of money into the hands of workers that can help them afford private health insurance, you've got to slash the size of government by 80% across the board. Let businesses and workers keep 80% of what they normally send to Washington. With that kind of money in their pockets and bank accounts, workers would EASILY be able to afford health insurance. They would also spend their newly-expanded discretionary incomes on all sorts of products and services that would be a boon to the economy.

Government, you see, is the eternal enemy of economic prosperity. Government has been and always will be a parasite on the economy. Obama and his worshippers don't understand economics. They don't understand what it takes to create abundance out of hard work, dedication and honest savings and investment. It's all summed up in Obama's atrociously insulting quote, "If you have a business, you didn't built that... somebody else made that happen!"

That's a lie. Government builds nothing. It only destroys that which others have built. And Obamacare has succeeded in only one thing: the "scorched Earth" destruction of American jobs and the rapid erosion of economic prosperity.

If you voted for Obama and you're now unemployed or had your hours cut, you are getting a first-hand view of economic cause and effect. I'm not saying Romney would have been any better, because he was just another Goldman Sachs puppet. The real solution to all this is Ron Paul, who wanted to slash the size of government and send people's money back home so they could spend it the way they choose instead of having a bunch of over-fed, over-paid bureaucrats spending their money in D.C.

Instead of blaming Obama, of course, the vast majority of the recently-unemployed will blame their employer! "How dare you cut my hours!" they will scream, oblivious to the fact that their employer did NOT want to cut their hours but was forced to by a cabal of economic morons in Washington who are dismantling America's economy one piece of legislation at a time.

Putting Democrats in charge of the economy is kind of like putting kindergarteners in charge of nuclear missiles. The outcome can never be good... a lot of people are going to get hurt... and somebody else sooner or later has to clean up the mess.

In four years, things will be far worse

As bad as you might think things are right now, in four more years under Obama, they will be far, far worse.

Unemployment will continue to rise. Millions more Americans will desperately turn to food stamps. Crime waves will hit cities like Detroit, Chicago, New York and Los Angeles. Homelessness will spread, and people who used to have one good job will find themselves working two or three part-time jobs instead, none of which offer real benefits.

Like a heroin addict who can't quit his cycle of self-destruction, the Obama administration will then insist, two or three years from now, that the problem is caused by government still not confiscating enough money from taxpayers and small businesses. The call for raising more taxes, growing more government and dictating economic policy to the nation will be parroted across the lamestream media.

In the end, the system will collapse. When that day comes, don't be anywhere near a large U.S. city. The reasons for that will be discussed in an upcoming article right here on Natural News.

http://www.naturalnews.com/038319_Obamacare_unemployment_work_hours.html#ixzz2EuSz9rzh