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"Change, it turns out, wasn't all that it was cracked up to be. Barack Obama is discovering that there is quite a bit he likes about the way things are." - Gerald Baker, Times Online
Although Obama is appealing and has a good message of unity and hope, the change he wants to bring has no significant value – it’s Chump Change. It's actually regressive, not progressive.
That's why over the next five days leading up to the election, we'll be sharing with you some of Obama's 'Chump Change'. Today, it's health care.
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Barack Obama says he's for the middle class. What's one of the best ways to help them? Create more jobs.
According to this NY Times article, though, Obama's healthcare plan would do just the opposite. As part of his healthcare plan, Obama would raise taxes on businesses with uninsured employees in order to pay for his government-funded health insurance. While this might sound great in theory, the effects of such "play-or-pay" policies haven't had a great track record at the state level over the past two decades.
Fines on businesses would cause them to either hire less people or keep employee wages low, which doesn't benefit anyone. Obama's campaign said they "decided not to decide on" the amount of the fine, but studies estimate it would cost 6 percent of a company's payroll. What does that mean? According to researchers at Harvard and the University of Michigan, 224,000 workers would be laid off as a result.
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Obama's 'new kind of politics' is starting to resemble its predecessor: 'the old kind'. The airwaves have been bombarded recently with attack ads that mischaracterize McCain's health care plan.
To be fair, it's not like Senator McCain is winning any Congeniality awards in this campaign (as we well know: Maverick, etc.), but it's important to separate fact from fiction on this critical issue.
This article from the National Reveiw recently brought these false accusations to light, but here's a quick summary...
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