Did You Know...

   

Reuters to the rescue: Obamacare saved the economy from contraction!

Share
By Doug Powers  •  May 1, 2014 10:38 AM

**Written by Doug Powers

President Obama’s approval rating is at a new low and Obamacare disapproval continues to rise, which means it’s time for the mainstream media to do their stuff.

Reuters to the rescue:

null

Oh man.

One alternate headline: Forcing millions to re-purchase health insurance they already had and greatly expanding Medicaid contributes to increase in health-related spending. Duh!

As the U.S. economy teetered on the brink of contraction in the first quarter, one thing stood out. Healthcare spending increased at its fastest pace in more than three decades.

That surge is attributed to the implementation of President Barack Obama’s signature healthcare law, the Affordable Care Act, also known as Obamacare. Because of Obamacare, the nation narrowly avoided its first decline in output in three years.

“GDP growth would have … been negative were it not for healthcare spending,” said Harm Bandholz, chief economist at UniCredit Research in New York.

Reuters reports health care spending increased at its fastest pace in over 30 years, completely skipping the fact that Obama promised that Obamacare would decrease health care spending. Instead, the focus is on how yet another broken promise is good for the economy.

Six years later, lapdog loyalty is still going strong.

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus
~ For the latest breaking news, be sure to join Michelle's Email List:

Banned from entering the US? Try making some generous campaign contributions

December 17, 2014 08:55 AM by Doug Powers

drebin1

Nothing to see here

Priorities: Obama admin tasks healthcare facilities with focusing more on … climate change

December 16, 2014 10:05 AM by Doug Powers

gorebear

The doctor is: In

Now how about a report about how many Dems already knew about the CIA’s interrogation techniques?

December 14, 2014 11:46 AM by Doug Powers

nanpelosi-1

She was “fully aware.”

If you like your Slurpee, you can keep your Slurpee: Obamacare ads coming to 7-Eleven receipts

December 12, 2014 01:13 PM by Doug Powers

receipt

Resistance is futile


Categories: Barack Obama, Health care, Politics

Follow me on Twitter Follow me on Facebook