One economic study, two news outlets, and two very different reports on its findings.
When the nonpartisan CBO released its Budget and Economic Outlook for the years 2014 to 2024 this week, right-wing media distorted its projection that the supply of labor would decline by about 2 million workers over the next three years, due to the ACA allowing workers the option to work less and still maintain health coverage. In the conservative echo chamber, pundits from Jennifer Rubin to Fox anchors argued that the CBO report proved the ACA is destroying jobs.
Here’s How the White House Is Attempting to Spin Damaging Nonpartisan CBO Report on Obamacare | TheBlaze.com
A decline in employment resulting from Obamacare means more choice, entrepreneurship and will result in a more “dynamic” jobs market, a chief White House economist said. He further said fewer people will choose to work because of Obamacare, the same as fewer senior citizens choose to work because of Social Security and Medicare.
Chairman of the Council of Economic Advisers Jason Furman speaks during the daily news briefing at the White House in Washington, Tuesday, Feb. 4, 2014, about the Congressional Budget Office (CBO) report and the Affordable Care Act. The federal deficit is likely to continue its slide to a lower-than-expected $514 billion for 2014, the nonpartisan CBO reported Tuesday. (AP Photo/Carolyn Kaster) AP Photo/Carolyn Kaster
Jason Furman, chairman of the Council of Economic Advisors, stressed that the Congressional Budget Office prediction by the Congressional Budget Office that 2.5 million people will leave the work force by 2024 as a result of the Affordable Care Act is a positive thing.
GRETA: Not Even the White House Buys Its Own Spin on the Devastating CBO ObamaCare Numbers
By Greta Van Susteren
Let’s go “Off the Record” for just a minute. I watched today’s White House press briefing trying to explain the new CBO ObamaCare prediction numbers, and I think, “Really?” Discouraging workers through subsidies and taxes? That doesn’t sound good or smart for the economy.
Democrats Spinning Madly on Devastating CBO Report
Guy Benson | Feb 05, 2014
How does one spin the unspinnable? By trying to convince the country that millions of Americans leaving the full-time workforce is somehow good news. Here’s White House economist Jason Furman doing his best to put a happy sheen on the terrible news, arguing that more Americans will be liberated to not work, or reduce their productivity. It’s all about “choice,” or something:
(image via DonkeyHotey)