A Marker for Obamanomics and Obamacare


This quote by Mitch Daniels gives us a marker to check the present pessimistic forecasts for Obamanomics and Obamacare against the promises of its solutions going forward. We should take note and check back in a couple of years…

Over the next few years and maybe just months, the debts we have accumulated and that this presidency has doubled will begin to assert themselves. We must hope and work to see that an easily imaginable panic and economic ruin does not result. At best, economic circumstances will remain difficult.

Even if reserve currency status and the absence of alternatives continues to protect us a while longer, the ObamaCare legislation will take effect. Its implementation will likely be a nightmare of missed deadlines, public confusion, inconsistent exceptions, and dashed expectations. Every claim made for the bill will be shown to have been false: health care costs will go up, not down; government spending and debt will go up, not down; the economy will be injured, not benefited; people by the millions will in fact lose the health insurance they have and like. Indeed, these calamities are already evident.

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