Archive for February 22nd, 2012

February 22, 2012

The Daily Scoop: Harder for GOP to claim healthcare reform is a job-killer

Whatever happened to the dread horror of job-killing uncertainty? Just last year, the talking point was all the rage, unanimously chorused by GOP pundits, politicians and economists looking to hammer President Obama for a stalled-out economy.

The argument was simple: Employers were refusing to hire because they feared the “regulatory uncertainty” flowing in the wake of the passage of the Affordable Care Act and the Dodd-Frank bank reform law. Terrified that the future implementation of these reforms would crimp their profits, employers laid low. A policy analyst at the Heritage Foundation provided the smoking gun: He argued that job growth slowed dramatically almost immediately after the passage of the Affordable Care Act in April 2010 — “this suggests,” he wrote, “that businesses are not exaggerating when they tell pollsters that the new health care law is holding back hiring.”

Less than a year later, however, references to the intersection between regulatory uncertainty, healthcare reform and the labor market have plummeted. There’s a very obvious reason for that: The private sector has added over a million jobs over the last six months while the unemployment rate has fallen steadily.

And yet nothing fundamental has changed on the regulatory front…
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