Barack Obama Admitted in 2010 White House Summit on Obamacare that 8 or 9 Million Americans Would Lose Health Care Plans
President Barack Obama admitted to Rep. Eric Cantor (R-VA) and other House Republicans in 2010 in a White House summit on Obamacare after being questioned about people losing their insurance that 8 to 9 million Americans would lose their healthcare plans. During his condescending comments, Obama said that government makes decisions to protect consumers with bi-partisan support. The only problem is that there was no bi-partisan support for Obamacare, it was passed with not one GOP vote in the House or Senate.
President Barack Obama admitted in 2010 that 8 or 9 million Americans would lose their existing health insurance plans under Obamacare.
“The 8 to 9 million people that you refer to that might have to change their coverage — keep in mind out of the 300 million Americans that we’re talking about — would be folks who the CBO, Congressional Budget Office, estimates would find the deal in the exchange better,” Obama said to Rep. Eric Cantor at a February 25, 2010 White House summit on health insurance regulation.
The money line in the above video from Obama comes at the 2:15 mark “… because what we don’t want is a situation in which people think they are getting one thing and they’re getting something else. They’re harmed by a product.” Obama went on to say what we see is consistent abuses by the insurance companies and people helpless to deal with it. ARE YOU KIDDING ME!!! So what happens when Barack Obama does a “bait & switch” with Obamacare and the American people are helpless to deal with it?
The intended consequences of Obamacare is that millions of Americans have had their insurance plans canceled and thrown off their existing health plans and are learning the harsh reality that deals in the Obamacare exchanges to be not better, but actually much, much worse.
Posted November 10, 2013 by Scared Monkeys
Barack Obama, CBO, Chicago-Style Politics, Democrats, Epic Fail, Eric Cantor (R-VA), Ethics, Fraud, Government, Healthcare, Hoax, House of Representatives, Kathleen Sebelius, Liberals, Misleader, Misrepresentation, Obamacare, Obamanation, Progressives, The Lying King, Transparency, WTF, You Can Keep Your Insurance, You Tube - VIDEO | 2 comments
The Congressional Budget Office said Thursday that 45 million people in 2011 received Supplemental Nutrition Assistance Program benefits, a 70% increase from 2007. It said the number of people receiving the benefits, commonly known as food stamps, would continue growing until 2014.
Spending for the program, not including administrative costs, rose to $72 billion in 2011, up from $30 billion four years earlier. The CBO projected that one in seven U.S. residents received food stamps last year.
Good grief, is it any wonder why Barack Obama is trying to divide and deflect as a political strategy for 2012 reelection? If he actually ran on his record he would be rode out of town on a rail. What a pathetic weak recovery due to nothing more than the policies and socialist Obama agenda.
UNBELIEVABLE … THE ANSWER IS NOT TO RAISE TAXES … IT IS TO CUT SPENDING AND NOW!!!
Now the government wants to track the number of miles you drive. Are you serious, as reported at The Hill, the CBO has released a report that states that they have come up with a possible option for taxing Americans even more that they already are. This time its to tax the amount of miles that people drive to gain revenues for highway projects. Does anyone really believe that these tax $’s would only go to highway maintenance? So now they are proposing a tax that would restrict travel in a car?
Wasn’t gas taxes supposed to do this? So now the govt does not want to tax those evil people who drive gas guzzeling vehicles, they plan on doing the same with those who drive hybrids or electric cars that do not pay gas taxes. I guess turn about whould be fair play, why should they get special treatment, are they not causing wear and tear on the roads? I would be hesitant to allow any of this as it is yet another example of an already over-reaching government. Anything other than that would be an unfair double taxation on Americans just trying to drive to work. That’s it politicians, tax the working people who actually are lucky enough these days to have a job.
The Congressional Budget Office (CBO) this week released a report that said taxing people based on how many miles they drive is a possible option for raising new revenues and that these taxes could be used to offset the costs of highway maintenance at a time when federal funds are short.
The report discussed the proposal in great detail, including the development of technology that would allow total vehicle miles traveled (VMT) to be tracked, reported and taxed, as well as the pros and cons of mandating the installation of this technology in all vehicles.
Obamanomics meets Obamacare: CBO Director says that Obamacare would Reduce Employment by 800,000 Workers … JOBS, JOBS, JOBS
So much for Obama focusing on jobs like a laser. Barack Obama claims that his main focus will be jobs. Of course he said the same thing last year and the year before that. However, it appears that Obama’s signature legislation, Obamacare, will cost America jobs. CBO director says that Obamacare would reduce employment by 800,000 workers. Is there ever a moment when Obama is not trying to kill jobs?
Doug Elmendorf, Congressional Budget Office (CBO) Director confirmed in a House Budget Committee that Obamacarewould kill 800K jobs. It is yet another false promise of Obamacare. Initially Obama promised that the government take over of health care would lower costs and let people keep their own insurance. That was proved to be false.
Chairman [Paul] Ryan: “[I]t’s been argued…that the new health care law will create jobs and increase labor force participation. But if I recall from your analysis, it was quite the opposite. Is that not the case?”
Director [Douglas] Elmendorf : “Yes.”…
Rep. [John] Campbell: … First on health care, … you just mentioned that you believe — or that in your estimate, that the health care law would reduce the labor used in the economy by about 1/2 of 1 percent, given that, I believe you say, there’s 160 million full-time people working in ’20-’21. That means that, in your estimation, the health care law would reduce employment by 800,000 in ’20-’21. Is that correct?
Director Elmendorf: Yes. The way I would put it is that we do estimate, as you said, that…employment will be about 160 million by the end of the decade. Half a percent of that is 800,000.
Is it any wonder why the people want to repeal Obamacare?