Thursday, March 06, 2014


(h/t Wonkette)

Last January, the economy improved and that was mostly because of Obama, according to this report in the Wall Street Journal:
Obamacare Effects Account for Most of Income, Spending Increases
By Jeffrey Sparshott
12:12 pm
Mar 3, 2014

The Affordable Care Act, President Barack Barack Obama’s signature health law, is already boosting household income and spending.

The Commerce Department reported Monday that consumer spending rose a better-than-expected 0.4% and personal incomes climbed 0.3% in January. The new health-care law accounted for a big chunk of the increase on both fronts.

On the incomes side, the law’s expanded coverage boosted Medicaid benefits by an estimated $19.2 billion, according to Commerce’s Bureau of Economic Analysis. The ACA also offered several refundable tax credits, including health insurance premium subsidies, which added up to $14.7 billion.

Taken together, the Obamacare provisions are responsible for about three-quarters of January’s overall rise in Americans’ incomes.

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