Quote from Max E. Pad:
I read an article the other day that showed how although the worker is going to get screwed obamacare actually could lower unemployment rates, because as long as a person has any job they are counted as fully employed, so now with obamacare regulations there is going to be tons of fast food/service sector available because anyone who used to be full time is going to have their hours cut to 30 hours, and they are going to have to hire a new employee, thus it requires 2 jobs to do the same amount of work it used to take for 1.
Kind of poetic justice for the losers who voted for obama and wealth redistribution, the poor peoples wealth being redistributed to the even poorer.
Yes, I remember reading Mish saying that about 6 months ago. But as Obamaphiles like AK can tout the overwhelming success of the unemployment rate, it's nothing but blue skies.
Until, of course, it isn't.