We’d say you can’t make this stuff up, but the hapless Obama and his lapdog media always manage to do so. This is some pathetic stuff.
As the U.S. economy teetered on the brink of contraction in the first quarter, one thing stood out. Healthcare spending increased at its fastest pace in more than three decades.
That surge is attributed to the implementation of President Barack Obama’s signature healthcare law, the Affordable Care Act, also known as Obamacare. Because of Obamacare, the nation narrowly avoided its first decline in output in three years.
“GDP growth would have … been negative were it not for healthcare spending,” said Harm Bandholz, chief economist at UniCredit Research in New York.
But wasn’t ObamaCare supposed to reduce spending on healthcare? Over to you, carnival barker Jay:
Amazing. You know what’s really insane? These people actually believe it:
This is not a joke. This is classic liberal thinking on the economy. http://t.co/dZMUKZoiwh
— Brit Hume (@brithume) May 1, 2014