Tuesday, February 04, 2014

To listen to Jason Furman at the White House Briefing today, the CBO is bizarre.

White House Briefing with Press Sec. Jay Carney (click here)


Spokesperson Jay Carney briefed reporters and answered questions at the daily White House briefing. Jason Furman, the chairman of the White House Council of Economic Advisers, began the briefing with comments on the CBO’s report on the economy.

Bizarre is my word. If any work by the CBO is this bizarre, the people that generated it need to go. They aren't doing a good job.

What the CBO report is stating is the slave labor economy of the USA will be relieved and Americans quality of life will be improved. That quality of life improvement is suppose to hurt the economy.

That the wrong conclusion. The new quality of life achieved by Americans with the passage of the The Patient Protection and Affordable Care Act is dissolving the slave labor of Wall Street. That is the correct conclusion.

This report is completely out of line. It does NOT take into account all the dynamics provided by the ACA. That reality is pointed out by Mr. Furman.

Mr. Furman rather patiently (I would never have that much patience with this report) explained that Appendix C was worth reading. So, I'll read it. But, I don't believe this report was appropriate, well thought out or valued quality of life of Americans.

The ACA gives citizens choice in life. They aren't locked in to LOSING economic strategies in order to have health insurance. That swings both ways. The INDIVIDUAL in the USA can decide that working 60 hours in order to pay for health care insurance and/or having one job to keep health care while working another to make ends meet; is not necessary anymore.

Americans can now purchase health care insurance. That FREES them up to seek better paying jobs that might not have health insurance offered. It allows MORE choice in living standards. It might mean a Mom can be with her children more while Dad changes jobs to make more money or vise versa.

This report wants to ENFORCE the status quo mercilessly. It demands Americans are STRANDED in life in order to maintain health insurance. That is exactly what is not suppose to happen. 

The ACA is the opportunity for entrepreneurs to move into their own business while purchasing health care insurance rather than being anchored to employment for that purpose. We know for a FACT that the most stable economy in the USA, resilient to economic collapse is the Small Business with less than 19 employees. Now, if an American has the means to move into a Small Business while purchasing health care, both the individual and our economy is better for it. 

The ACA allows CHOICES in quality of life. That is American. That is something all Americans strive for. This report is egregious, grossly ill prepared and has the nerve to list table after table after table of OLD USA economies dating back to 1975 or something like that. The economy we face today in the USA has never happened SINCE 1975. In order to even find a USA economy that resembles today, one has to go back to the Great Depression. Health care insurance wasn't available then, so that tosses out that comparison.

The preparers overreached to the 'idea' they were seeming to explore and found they had no relevant data, but, they were so entrenched and invested in the study they published it anyway. These folks need to be out of the government and in the COBRA market ASAP.