The Democrats and their media allies have predicted wrack and ruin if the Supreme Court rules against the government in King v. Burwell, a decision that would stop the IRS from issuing Obamacare subsidies through federal insurance exchanges in three-dozen states. They have wildly exaggerated the inconvenience that such a ruling would cause a tiny percentage of the population and ignored the benefits that it would provide tens of millions of Americans. One of these benefits would be the removal of PPACA’s dead weight from an economy whose first quarter performance suggests that the anemic Obama recovery may be stalling.
During the first three months of 2015, Gross Domestic Product contracted at an annual rate of 0.7 percent. And, euphoric “news” stories about the government’s May jobs report notwithstanding, this year’s monthly job gains remain well below last year’s average. It is difficult to prove that Obamacare alone has caused the slowdown, but it tends to confirm the inauspicious findings of several Federal Reserve surveys concerning the law’s economic effects. Even if “reform” isn’t solely to blame, there can be little doubt that removing its mandates from the backs of employers and workers in three-quarters of the states would stimulate the national economy.
And a SCOTUS ruling against the Obama administration would eliminate those job-killing mandates ...
(Excerpt) Read more at spectator.org ...
