Today is the day that the monstrosity perversely named, "The Affordable Care Act" goes into effect. This job killing abomination is single-handedly decimating the very middle class that it was deceitfully claimed by the Dissembler in Chief to benefit the most.
I have been explaining to friends and acquaintances the deleterious impact of this horrible law but found an excellent article out on the web at one of the websites that I frequent which encapsulates perfectly the carnage that this albatross around the neck of the US economy is inflicting.
Read it and weep....when you do, keep in mind that these are real people, our fellow citizens and neighbors, whose lives are being wrecked by this perversion of liberty.
Get ready to read/hear even more of these horror stories. If you wonder why I keep saying over and over again that unless the US undergoes STRUCTURAL REFORMS, the economy is not going to improve enough to allow the Fed to begin scaling back its bond buying program. you will find your answer here.
In spite of the Quantitative Easing policy which one would expect to be conducive to inflation, the US job market is comatose and as long as wages are stagnant and the jobs situation remains as abysmal as the following article suggests, the fuel for inflationary pressures ( an increase in the Velocity of Money) is not going to be present. That will keep a lid on the price of gold.
Here are the first two paragraphs of the article followed by the link. I strongly urge my readers to check it out. It is eye opening. I will warn you that it is also extremely depressing because none of this had to be; none of it. This is an example of how foolish and ignorant government policy destroys an economy but more precisely, wrecks human lives.
In a few days, Obamacare’s October 1 launch date finally will have arrived. Ever since its passage, supporters of the law have made countless attempts to convince the American people of its viability, dismissing predictions of lost jobs, decreased hours, and rising costs, among others.
Yet from major corporations to local mom-and-pop shops, from entire states to tiny school districts, a wide range of companies and institutions have seen Obamacare’s negative impact on their workers, budgets, and production. Here are 100 examples of how Obamacare is falling short of what was promised.
"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput
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