Over the course of the past four months, I’ve been reporting on how a number of my clients have been shedding most or all of their employees to avoid Obamcare, and that some of my clients have switched to part time staff, or even moved overseas to avoid Obamacare. It has less to do with the cost of health care than it does with business certainty, and I’ve been reporting that my clients prefer to fix their costs for the year rather than worry about the status of the new law and what it means. I’ve also noted that high taxes, vast reams of new regulations, Obama’s threat to push for a higher minimum wage, his trashing of the ownership class, his apparent disregard for small business and this weird habit of trying to run a government by erratic and unenforceable executive orders, has created a business environment which has made Canada, Ireland and Panama look like a corporate paradise. Rick has been quick to dismiss my clients’ behavior as “anecdotal.” Now, my law firm is very small, and I’ll be the first to acknowledge that my clients hardly make up a sizable chunk of the economy, but what has concerned me is that my clients have been working with consultants who seem to have been doing a landmark business in the past year helping companies all over the country shed employees before the end of 2013.
So when the job report came out last week and it turns out that only 74,000 jobs were created, AP was quick to run stories with headlines like “surprisingly weak jobs report puzzles economists.” Why are they puzzled? Its Obamacare, stupids. And it seems that the economist and the community organizer in chief in the White House have ignored all that anecdotal info that turns out to be systemic trouble. In most Decembers, my construction company clients would be staffing for the spring-time jobs, hiring about 2300 people full time. This year, they are creating–zero. And the office and administrative workers to support the in-the-field workers? Zero. Why? Obamacare.
Don’t be puzzled. What is happening now was predictable three years ago. Everyone just decided to ignore the train wreck until it arrived. Obamacare is an anti-jobs program, and the chickens, predictably, have come home to roost.