Today’s jobs report reveals that more than 8.5 million jobs have been created in the private sector since Obamacare was enacted in March 2010, a dramatic turnaround from the loss of 3.8 million private-sector jobs in the decade before Obamacare.
Today’s positive report could prove particularly awkward for Speaker John Boehner, who seemed to be hoping for bad news to save the Republicans’ increasingly implausible “job-killing” talking point:
Tomorrow we’re going to get another jobs report and it’s expected to be disappointing – again. The truth is, Americans don’t need a new report to tell them what they already know. This is not what an economic recovery feels like….
One of the things that weighs down this economy is the president’s health care law.
The U.S. economy added a solid 175,000 jobs in February, despite harsh winter weather that many analysts expected would curtail hiring, according to government data released Friday morning….
A major snowstorm hit much of the eastern United States just before Valentine’s Day, when the government was surveying businesses about their hiring plans. That was expected to throw a wrench in February’s data, yet it still beat Wall Street’s expectations.
A closer look at the monthly jobs numbers shows how America went from losing nearly 800,000 private-sector jobs a month at the end of the last Republican Administration to gaining jobs again within a year of President Obama signing the 2009 Recovery Act (the Stimulus). And since the President signed the 2010 Affordable Care Act (Obamacare), the economy has been creating an average of 180,000 private-sector jobs a month:
As a result of the comeback in the jobs market, the unemployment rate has dropped by more than 3 percentage points under Obamacare, from 9.9% to 6.7%.
The Wall Street Journal today, on the causes and consequences of the Medicaid-expansion coverage gap:
Millions Trapped in Health-Law Coverage Gap
… Republican elected officials in 24 states, including Alabama, declined the expansion, triggering a coverage gap…. The upshot is that lower-income people in half the states get no help, while better-off workers elsewhere can buy insurance with taxpayer-funded subsidies….
For now, nearly five million people ages 18 to 64 get no financial help to buy coverage because of the gap, according to estimates by the Kaiser Family Foundation. Many of those people are clustered in the South, living in states where income limits for Medicaid coverage have historically been among the lowest in the U.S….
Fortunately, Republican politicians in those states are starting to reconsider the misguided strategy of cutting off their constituents’ noses to spite the face of Obamacare:
Some GOP-led states are revisiting their decision as complaints pile up over the coverage gap—and its consequences for businesses—in such states as Utah and Florida. The state senate in New Hampshire last week reached a tentative deal to expand Medicaid. In Virginia, newly elected Democratic Gov. Terry McAuliffe hopes to get legislators to reverse his Republican predecessor’s stance against expansion….Governors in some states that refused to expand Medicaid now say the coverage gap is hard to ignore. “I am not a fan of the Affordable Care Act,” Utah Gov. Gary Herbert said in an interview. But, he said, he is working with state legislators on a plan to expand Medicaid after advisers calculated that about 60,000 of his constituents would fall through the gap.
Meanwhile, the Republicans’ other principal strategy for undermining Obamacare — relentlessly claim that it’s hurting the private sector by killing jobs — is proving to be equally unsustainable in light of the actual economic evidence: