Friday, July 09, 2010

Uncertainty freezes the economy

Reason Online links to a study by a bunch of economists about the impact of Massachusetts' health care legislation which everybody (except Mitt Romney) knows is the blueprint for ObamaCare. It's about what you'd expect:

In particular, family premiums for employers with less than 50 employees grew 9.4 percent more from 2006-08 in Massachusetts than the United States. By comparison, Massachusetts had 5 percent lower premium growth in the small-group market from 2004-06. Thus, the differential Massachusetts/US growth in small-group premiums from 2006-08, over and above the growth from 2004-06, was 14.4 percent. At least by this measure, health reform in Massachusetts imposed a very large burden on small businesses and their employees.
Over at Hot Air, we find that small businesses – usually the driver of employment gains – are "losing their steam." With the uncertainty of health care expenditures, new business taxes, and sketchy consumers, who can blame them for thinking twice before hiring?

Extra - Daily Caller: "Lack of jobs increasingly blamed on uncertainty." Didn't I just say that?

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