Whether due to arrogance or stupidity — or a combination of both operating simultaneously in the same haughty and mind-numbing individual (Nancy Pelosi comes to mind as the perfect archetype) — it’s rare for politicians to admit failure and fix what they’ve messed up.
One of those rare occurrences of self-correction happened on July 2 when the Obama administration announced it had decided to delay the scheduled implementation of ObamaCare’s employer mandate for a year, until 2015.
The mandate requires all firms with 50 or more employees — regardless of the company’s profitability or ability to pay — to provide health coverage or pay steep fines.
It doesn’t take a Ph.D in economics to see how this mandate delivers a clear disincentive for job creation among firms with fewer than 50 employees — exactly the wrong prescription for recovery in an economy with doggedly high levels of unemployment and low levels of economic growth.
Nevertheless, Nancy Pelosi, displaying not even a smidgen of political smarts or common sense, declared at the 2010 Legislative Conference for the National Association of Counties that good things were coming our way, even if most of the population was too dumb to see it, once the feds started calling the shots in the nation’s health system, one-sixth of the U.S. economy.
Just trust that the Obama-Pelosi-Reid supercilious crew knew what they were doing and join them in the feverish push for a fast-track enactment of ObamaCare, Pelosi told the delegates, even if no politician had read the bill’s thousands of pages.
“We have to pass the bill so that you can find out what is in it,” she explained, “away from the fog of controversy.”
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