Quote from pspr:
Testifying today before the House Budget Committee, Congressional Budget Office (CBO) Director Doug Elmendorf confirmed that Obamacare is expected to reduce the number of jobs in the labor market by an estimated 800,000.
http://www.weeklystandard.com/blogs...-reduce-employment-800000-workers_547288.html
fox just makes shit up and the usual suspects swallow it whole.
Fox trumpets misleading GOP report on health care reform effects
Promoting a report published by Republican senators Tom Coburn (OK) and John Barrasso (WY), Fox News forwarded the false claims that the health care reform law "will kill 800,000 jobs - perhaps more" and "8 in 10 small businesses could lose their health care plans." Health care experts have said Fox's claims are misleading or "just plain wrong."
Fox News pushes GOP claim that health care reform "will kill 800,000 jobs"
Kelly: Republican senators "say the law will kill 800,000 jobs - perhaps more." During the October 26 edition of Fox News' America Live, host Megyn Kelly reported on a "dire diagnosis by two Republican senators who are also doctors on the impact of the new health care law." Kelly noted that "they say the law will kill 800,000 jobs - perhaps more."
Bolling: "They estimate 800,000 jobs we are going to lose." Fox Business host Eric Bolling appeared on America Live to discuss the Republican senators' report. He said, "I agree with them and these are doctors. They are Republican senators but they are doctors." Bolling also noted, "They estimate 800,000 jobs we are going to lose because of what they found in the 3,200 pages."
In fact, workers will choose to reduce their hours
GOP report cites CBO, which said health care reform will "reduc[e] the amount of labor that workers choose to supply" by "a small amount." In their report, Coburn and Barasso claimed that health care reform will lead to "hundreds of thousands of jobs being lost." They cited the following statement from a recent Congressional Budget Office report:
The Congressional Budget Office (CBO) estimates that the legislation, on net, will reduce the amount of labor used in the economy by a small amount--roughly half a percent--primarily by reducing the amount of labor that workers choose to supply.
According to Barasso and Coburn, "roughly half a percent" of the labor used in the economy "is more than 788,470 employees."
CBO: People will work less because health care reform provisions increase their "financial resources."
http://mediamatters.org/iphone/research/201010280006