Another “Unexpected” Economic “Coincidence”

Private Sector Employment Tanked coincident with passage of Obamacare.

I’ll repeat something I’ve oft said here, and that bears remembering whenever such a correlation of events is noted: Correlation is not proof of Causation.  Even a strong correlation such as this, in and of itself, is not proof of causation.

When taken with earlier warnings, however, the correlation can only be “unexpected” among the usual culpable suspects.

Recovery Stalled After Obamacare Passed

by James Sherk | Heritage Foundation

Private-sector job creation initially recovered from the recession at a normal rate, leading to predictions last year of a “Recovery Summer.” Since April 2010, however, net private-sector job creation has stalled. Within two months of the passage of Obamacare, the job market stopped improving. This suggests that businesses are not exaggerating when they tell pollsters that the new health care law is holding back hiring. The law significantly raises business costs and creates considerable uncertainty about the future. To encourage hiring, Congress should repeal Obamacare.

How utterly predictable.

Hat Tip: Tina Korbe at Hot Air

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  • jim_m

    BUt you don’t show how government jobs have taken off. obama doesn’t give a rip about private sector jobs.  He wants to grow government payrolls.  Thise are jobs that he can designate for loyal followers.  Those are people he will be able to control.

    But it isn’t just the spectre of government run health care that has stalled employment prospects. It is the blizzard of other regulatory requirements that came with that bill.  Things like the (now repealed) 1099 reporting requirement that was estimated to require thousands more IRS jobs just to process the paperwork that businesses would be expected to do without growing.

    It’s the stiffling regulation and the uncertainty.  With nearly 1500 waivers granted, who knows whether or not they will ultimately have to abide by the law or if they will bribe the right person and get a waiver? 

    The only thing certain with obama and the business sector is that he will continue to demonize private business as long as he is President.  That alone will supress growth.

  • http://www.harlemghost.blogspot.com/ HarlemGhost

    I’d love to see the employment numbers minus federal workers …  i.e. the private economy …

    • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

      The chart above is just that: delta in private employment.

  • Anonymous

    I want to compliment you on the cartoon picture that accompanies the heading of this article on the main page. “Messianic Pharmaceuticals”, “Keep Away From Wallet When Opening”. Good ones. I wonder if Barry is smart enough to realize that the whole socialist ideology that he suckled on as an infant and continued to nurture his growth into his adult life is crumbling around him.  I think he is capable of being even more spiteful and angry than he has shown to this point.

    • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

      Dave,

      While I cannot take credit for the cartoon itself, I found it a while ago and have been saving it for just the right article.

    • http://www.rustedsky.net Anonymous

      Dave -

      I really think that he believes that a socialist economy can exist without a continuous flow of outside money and goods, that we as a society are far too rich and for our own good must have a lot of our economy amputated, and that he and the rest of the ruling clique who believe as he do will suffer no repercussions at all from such an action.

      They are, after all, the natural rulers of the planet.  They’ve been telling themselves this for so long it doesn’t matter what the outside reality might be – very soon we will have a friggin’ utopia, with them being cheered and loved for having provided it.

  • Anonymous

    How come Barry’s pies, charts and graphs never have a positive outcome?

     Either affirmative selected from the bottom of their barrel  or  mathematical facts are  just racist by nature.

  • Anonymous

    Obama doesn’t care about the economic ramifications of Obamacare. He’s only concerned about his own legacy. He has these visions of grandeur……..and I hate to say it……nothing else.

    As the head of Home Depot said recently when asked about Obama’s so-called job creation efforts and what he [Bernie Marcus] would say to Obama:

    “I’m not sure Obama would understand anything that I’d say, because he’s never really worked a day outside the political or legal area. He doesn’t know how to make a payroll, he doesn’t understand the problems businesses face. I would try to explain that the plight of the busi nessman is very reactive to Washington. As Washington piles on regulations and mandates, the impact is tremendous. I don’t think he’s a bad guy. I just think he has no knowledge of this.”

    Problem is, Obama thinks he knows and that hubris is proving extremely damaging to our country.

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