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Gayle in MD
06-26-2012, 06:26 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> <span style='font-size: 14pt'>"In the 51 years since President Kennedy took the oath of office, Republicans have had 28 years in the White house; Democrats have had 23. In the same half century, the economy has produced 66 million private-sector jobs—42 million of them under the Democrats, 24 million under the Republicans. “No one states these facts,” Clinton asserts.

“When President Obama took office, it was four months after we suffered the biggest financial crash since the Great Depression,” he says. “The depth of it continued to persist through the first six or seven months of the president’s term.

“Then he passed his legislation, and it began to have an effect. In the last three or four months, the private sector has produced 4.3 million new jobs. That is 40 percent more than the 2.6 million jobs produced by the private sector in the seven years of the Bush administration before the financial meltdown. That’s another relevant fact that hardly anybody knows.”

By Clinton math, Republicans’ score on job creation since they were given control of the House is negative by 670,000 people. “They refused to back the president in his support for state and local government, and that has allowed 670,000 teachers, police officers, firefighters, and others to be laid off,” Clinton asserts. “If they had supported the president, the unemployment rate would be 7.3 percent instead of the current 8-plus percent.”

If the Supreme Court decides to invalidate the individual mandate in the Affordable Care Act, there will be consequences, Clinton said, which he claims aren’t being reported, and which he spelled out:

• Changing the health-care delivery system has already produced two years in a row of 4 percent inflation in health-care costs. This is the first time in 50 years that health-care costs have gone up so little. Killing the Affordable Care Act would let inflation loose again.

• Some 2.6 million people ages 21 to 26, who now have insurance coverage for the first time because they can be carried under their parents’ policy, would lose it.

• $1.3 billion dollars in insurance refunds have already been paid to businesses and individuals because now the law says 85 percent of your premium has to go to health care and not to profits and promotion. (California hasn’t reported yet, but will likely increase that figure to more than $1.5 billion.) Refunds would shrink.

• If Republicans succeed in persuading the Supreme Court to repeal the individual mandate, somewhere between 12 million and 16 million Americans will be unable to get health insurance because of preexisting conditions.

Clinton predicted that if the law is declared unconstitutional, Republicans will suffer a backlash when millions of Americans calculate what they have lost. Before the Affordable Care Act passed, two thirds of all the applications for bankruptcy were because of health-care emergencies, a consequence likely to return if health care inflation again rises precipitously.

Clinton drew laughter with anecdotes about individual mandates that go back to the founding of the nation. In 1797, when John Adams was president, he signed a bill that required all seamen to be covered by hospitalization insurance through their employer.

None other than President George Washington signed a bill that required employers to provide hospitalization insurance for sailors. Another of the soldier president’s individual mandates would tickle Republicans today: every free male person between ages 18 and 44 had to keep a musket, a bayonet, and ammunition in his home. Even Quakers were denied exemption.

Before Mitt Romney as governor signed the individual mandate, Massachusetts had the highest health-care costs in America. Today, that state is seventh, because inflation in health-care costs in that state have been much lower than in the country as a whole. Why? The mandate prevents insurance companies from shifting their promotional costs to consumers, Clinton said.</span>
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http://www.thedailybeast.com/articles/20...?obref=obinsite (http://www.thedailybeast.com/articles/2012/06/25/bill-clinton-warns-about-supreme-court-ruling-against-obamacare.html?obref=obinsite)

sack316
06-26-2012, 07:41 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> In the last three or four months, the private sector has produced 4.3 million new jobs </div></div>

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Republicans’ score on job creation since they were given control of the House is negative by 670,000 people </div></div>


Sack

Soflasnapper
06-26-2012, 09:20 AM
Clinton predicted that if the law is declared unconstitutional, Republicans will suffer a backlash when millions of Americans calculate what they have lost.

That requires millions of Americans to be able to do that calculation, or upon seeing the effects, to make the proper causal connections. In the face of millions of dollars of propaganda, are we comfortable in assuming any analytical ability of the people in general?

Before the Affordable Care Act passed, two thirds of all the applications for bankruptcy were because of health-care emergencies, a consequence likely to return if health care inflation again rises precipitously.

This is a somewhat inflated number. It includes all bankruptcies that list ANY medical bills among the debts, even those for which those debts were not the defining problem. I do not know how to parse out the number for which the medical costs were actually the determining factor in the bankruptcies, but it is somewhat or substantially lower than this top-line figure would suggest.

In the last three or four months, the private sector has produced 4.3 million new jobs.

No, it hasn't. That's about the 30 month total, not a 3 or 4 month total. As the Daily Beast reporter puts this into quotes, perhaps Clinton misspoke. It's a valid number which I do attribute to the effects of the stimulus, but the timeline is absurdly wrong. If we had achieved a million plus jobs growth per month the last couple of months, Obama would be riding to re-election on a cloud of glory, untouchable.