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The ACA and the economy

The ACA and the economy

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b
Enigma

Seattle

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The Affordable Care Act... AKA... Obamacare = Horrible! Evil! Socialist! The Downfall of America! Well....maybe not. Amid the whailings from the right wing, it seems this program has an unexpected benefit. The economy is improving because of it! The combination of Expanded Medicaid benefits and tax credits have put more dollars in the pockets of many citizens. In addition to providing healthcare to millions who would have been denied, the ACA is responsible for a overall uptick in consumer spending (45.2 billion) and a overall increase in personal incomes (43.9 billion), while these numbers are not huge, it's becoming clear that Obamacare is not going to be the disaster that many on the right wing is hoping and praying for as we go into another election cycle.😏


http://www.huffingtonpost.com/2014/03/04/obamacare-january-bea_n_4892267.html?ncid=txtlnkusaolp00000592

E

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Originally posted by bill718
The Affordable Care Act... AKA... Obamacare = Horrible! Evil! Socialist! The Downfall of America! Well....maybe not. Amid the whailings from the right wing, it seems this program has an unexpected benefit. The economy is improving because of it! The combination of Expanded Medicaid benefits and tax credits have put more dollars in the pockets of many citizen ...[text shortened]... www.huffingtonpost.com/2014/03/04/obamacare-january-bea_n_4892267.html?ncid=txtlnkusaolp00000592
The economy is better because of it? I suppose if you are super rich or super poor you benefit, but for those in the middle you are getting screwed.

I suppose once the middle class joins the class of the very poor then they will have their position made better because of obamacare too! yay!

n

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Originally posted by bill718
The Affordable Care Act... AKA... Obamacare = Horrible! Evil! Socialist! The Downfall of America! Well....maybe not. Amid the whailings from the right wing, it seems this program has an unexpected benefit. The economy is improving because of it! The combination of Expanded Medicaid benefits and tax credits have put more dollars in the pockets of many citizen ...[text shortened]... www.huffingtonpost.com/2014/03/04/obamacare-january-bea_n_4892267.html?ncid=txtlnkusaolp00000592
You might reflect that Obama care was delayed in its implementation by six months, and that Obama himself has granted an uncountable number of waivers to various groups friendly to him. Now six months later you want to claim that a modest economic uptick is because of Obama Care. Sorry, not buying it.

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Originally posted by normbenign
You might reflect that Obama care was delayed in its implementation by six months, and that Obama himself has granted an uncountable number of waivers to various groups friendly to him. Now six months later you want to claim that a modest economic uptick is because of Obama Care. Sorry, not buying it.
When the government pumps money into the economy there is going to be a positive result, at least in the short run. Perhaps the government really can continue to go further and further into debt and never have to worry about paying for anything. Perhaps there really is something called a free lunch.

t

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Originally posted by Eladar
When the government pumps money into the economy there is going to be a positive result, at least in the short run. Perhaps the government really can continue to go further and further into debt and never have to worry about paying for anything. Perhaps there really is something called a free lunch.
Just inflate the currency by creating more out of thin air. Then report the extra money as a "success".

Inflate the currency enough and even the poor will be millionaires. And as long as it is democratic policies doing this, we'll certainly hear of this as a positive.

K

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Originally posted by techsouth
Just inflate the currency by creating more out of thin air. Then report the extra money as a "success".

Inflate the currency enough and even the poor will be millionaires. And as long as it is democratic policies doing this, we'll certainly hear of this as a positive.
You do know that the current rate of inflation is 1.6%, right?

n

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Originally posted by Eladar
When the government pumps money into the economy there is going to be a positive result, at least in the short run. Perhaps the government really can continue to go further and further into debt and never have to worry about paying for anything. Perhaps there really is something called a free lunch.
The piper eventually has to be paid.

n

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Originally posted by KazetNagorra
You do know that the current rate of inflation is 1.6%, right?
Inflation has never been straight line. In the long run, government printed, fiat money must cause price inflation.

In the early '60s one could buy a new car for around $1500, and a Renault or Volkswagen for under a thousand. Try finding any care priced under $15,000 these days. Around Detroit, probably one of the most depressed housing markets in the nation, people who bought houses 40 years ago, often see them valued at 50x their purchase price.

It is interesting as a side issue, that unregulated parts of the economy often see deflation (computers and electronics), whereas highly regulated sectors see astronomical price inflation.

t

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Originally posted by KazetNagorra
You do know that the current rate of inflation is 1.6%, right?
I know you don't live here, so you have no direct experience with prices. As production gets more and more efficient, prices should go down even with zero inflation. As production is being outsourced to places with cheaper labor, prices should be going down.

But let me reply by including a quote from 1984:

But actually, he thought as he re-adjusted the Ministry of Plenty's
figures, it was not even forgery. It was merely the substitution of
one piece of nonsense for another. Most of the material that you were
dealing with had no connexion with anything in the real world, not
even the kind of connexion that is contained in a direct
lie. Statistics were just as much a fantasy in their original version
as in their rectified version. A great deal of the time you were
expected to make them up out of your head. For example, the Ministry
of Plenty's forecast had estimated the output of boots for the quarter
at one-hundred-and-forty-five million pairs. The actual output was
given as sixty-two millions. Winston, however, in rewriting the
forecast, marked the figure down to fifty-seven millions, so as to
allow for the usual claim that the quota had been overfulfilled. In
any case, sixty-two millions was no nearer the truth than fifty-seven
millions, or than one-hundred-and-forty-five millions. Very likely no
boots had been produced at all. Likelier still, nobody knew how many
had been produced, much less cared. All one knew was that every
quarter astronomical numbers of boots were produced on paper, while
perhaps half the population of Oceania went barefoot. And so it was
with every class of recorded fact, great or small. Everything faded
away into a shadow-world in which, finally, even the date of the year
had become uncertain.

n

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Originally posted by techsouth
I know you don't live here, so you have no direct experience with prices. As production gets more and more efficient, prices should go down even with zero inflation. As production is being outsourced to places with cheaper labor, prices should be going down.

But let me reply by including a quote from 1984:

But actually, he thought as he re-adjus ...[text shortened]... ay into a shadow-world in which, finally, even the date of the year
had become uncertain.
Amazing how fiction becomes reality.

no1marauder
Naturally Right

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Originally posted by techsouth
Just inflate the currency by creating more out of thin air. Then report the extra money as a "success".

Inflate the currency enough and even the poor will be millionaires. And as long as it is democratic policies doing this, we'll certainly hear of this as a positive.
Those figures are "real" i.e. inflation adjusted.http://www.bea.gov/newsreleases/national/pi/2014/pdf/pi0114.pdf

n

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Originally posted by no1marauder
Those figures are "real" i.e. inflation adjusted.http://www.bea.gov/newsreleases/national/pi/2014/pdf/pi0114.pdf
And your point is?

Wajoma
Die Cheeseburger

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Originally posted by bill718
The Affordable Care Act... AKA... Obamacare = Horrible! Evil! Socialist! The Downfall of America! Well....maybe not. Amid the whailings from the right wing, it seems this program has an unexpected benefit. The economy is improving because of it! The combination of Expanded Medicaid benefits and tax credits have put more dollars in the pockets of many citizen ...[text shortened]... www.huffingtonpost.com/2014/03/04/obamacare-january-bea_n_4892267.html?ncid=txtlnkusaolp00000592
That folk are so easily sucked in by this propaganda is why I base my argument on ones sovereignty over ones own body.

bill, who owns your body? If you own it then you are responsible for it. If you don't own it, who does?

JS357

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Originally posted by Wajoma
That folk are so easily sucked in by this propaganda is why I base my argument on ones sovereignty over ones own body.

bill, who owns your body? If you own it then you are responsible for it. If you don't own it, who does?
Control of your body is one of the things you negotiate with society in order to benefit from that society's tolerance of your presence in it. You can't just do anything you want with your body, like walk it into a movie theater without paying, or impose yourself physically on anyone you want.

Silly examples? I need to remind you what total sovereignty over ones own body would allow.

Wajoma
Die Cheeseburger

Provocation

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Originally posted by JS357
Control of your body is one of the things you negotiate with society in order to benefit from that society's tolerance of your presence in it. You can't just do anything you want with your body, like walk it into a movie theater without paying, or impose yourself physically on anyone you want.

Silly examples? I need to remind you what total sovereignty over ones own body would allow.
Those examples fail because if you have soveriegnty over your body the other folk have soverignty over theirs.

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