Sunday, October 25, 2015


Donald Trump is leading in numerous major polls of GOP presidential candidates. And the first Republican presidential debate is looming next week.
Whether or not you think Trump’s a spectacle, I think it’s past time to start taking him seriously. Even when it sounds like he’s trying to be funny.
Take his comments on health care this week. Speaking with CNN, Trump said that the Affordable Care Act has “gotta go” and that he would repeal the law and replace it with “something terrific.”  (Trump added that he’d “work out some sort of a really smart deal with hospitals across the country,” to provide care for poor Americans.)

Q: Mr. Trump has spoken out about the Affordable Care Act, arguing that the law would “take down our economy,” especially once the law’s provisions kicked in in 2014.
Given that the U.S. unemployment rate has dropped below 6% and that the ACA’s projected costs have only fallen since it was passed, does he still believe that?

A: President Obama promised that ObamaCare would not add “one dime to the deficit” in 2009. ObamaCare is now projected to cost the federal government at least $1.2 trillion between 2016 and 2025. Our national debt is fast approaching $20 trillion and ObamaCare is clearly a contributing factor to the record rate that debt is rising.
Mr. Trump believes that the real unemployment rate is over 18%, not the reported 5.5%. This while ObamaCare’s employer mandate has been delayed until 2016. If the mandate is ever fully implemented, even more Americans will be unemployed.

ObamaCare continues to hurt the economy. Our first quarter GDP was -0.7%. [DD note: On Thursday, the Commerce Department revised first quarter GDP to a positive 0.6%.] There is a causal connection as ObamaCare stops companies from expanding and also makes more workers part time.

Over 70% of our GDP comes from personal consumption. The ObamaCare mandate reduces disposable income for all Americans and therefore will continue to reduce our GDP. Plus, the dramatic increase in premiums have steadily continued in 2014 and 2015. Many insurers are calling for double digit increases in 2016. ObamaCare is clearly unsalvageable and unmanageable.

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