ObamaCare Will Make "Economy Smaller"

by JASmius

But first, a table-setting appetizer:

As analysts scramble to explain away the sharp and unfavorable revision to the first-quarter's gross domestic product, it's tempting to dismiss that 2.9% drop given that weaknesses in the healthcare sector was a major driver of the contraction.

In other words, the impact of the ObamaCare cataclysm.

But it's important not to lose sight of a much bigger and consequential issue.

Overall, the first-quarter drop — the worst in five years — involved very broad sectorial weaknesses that spoke to much more than the negative impact of bad weather and industry-specific factors like healthcare. It also points to underlying economic conditions that remain weak and concerning despite several years of healing facilitated by exceptionally accommodative monetary policy. [emphasis added]

In other words, there has been no genuine "recovery".  Only a stuporous "drugging" of the comatose "patient" with an "overdose" of worthless Federal Reserve "analgesics".  Because, you see, if the "recovery" were genuine, the economy wouldn't be vulnerable to "trip-ups" and "stumbles".  In reality, it is still in "intensive care," and is being slowly, steadily poisoned to death by the "physicians" charged with its "care," and all this fiction about a "recovery" is its "near-death experience".

And now, the main course:

The [Una]ffordable Care[-Less] Act will eventually push the United States into a new recession, says Dr. Casey Mulligan, a professor of economics at The University of Chicago.

"ObamaCare is going to eventually make the economy smaller,'' Mulligan told "The Steve Malzberg Show" on Newsmax TV.

"I can't tell you when it's going to happen, but if you're going to go to a lower level, you have to go downhill for some period of time.''

Well.  Since the U.S. economy has already resumed shrinking, we can only conclude that O-Care will make the slide precipitously steeper and more rapid - correct?  Almost as if this were all a comprehensively orchestrated, engineered, across-the-board conflagration.  Permanent depression, hyperinflation, the inevitable cries of an ignorant public for the government to "do something!"  All fits together nicely, doesn't it?  After all, it did in 2008, setting the stage for all that has followed.

I'm starting to revise my estimate of when O's Final Crisis hits.  I had thought it would be during or before 2016, but now I'm wondering if it might not land before this November's midterms.  The "fundamental transformation" process couldn't be implemented fast enough to save a Democrat House in 2010, but it could certainly regain it, and hold the Senate, in 2014.  Why give Republicans an even hypothetical chance to stop the planned coup?

Not that the GOP civil war isn't already aiding in that regard.