Was Fox News caught in yet another lie?

Apparently Fox can't understand the difference between people losing jobs (as their headline claims) and choosing not to work because they no longer HAVE to as the CBO states. The jobs will still be there. But they will be filled by people who need and want to work. Rather than by people who are forced to work to get insurance coverage.

So how 'bout it folks? Did Fox lie? Or are they just too stupid to understand the difference?

 

You're missing the point because of your leftist economic views: regardless of why they stop working, the loss of that many jobs due to policy changes is harmful to the economy.

 

Why don't you post the link?

 

Hmmmm . . . Let's see what that raging hotbed of conservatism, the BBC has to say about this issue, shall we?

 

Apparently you can't understand that Fox didn't write the report but rather are reporting on what the authors of the report said. Did the report say that those jobs would be lost or is Fox lying and in fact the report did not say that?

"ObamaCare could lead to loss of nearly 2.3 million US jobs, report says

The long-term effect of ObamaCare on the U.S. economy was rewritten Tuesday with the Congressional Budget Office issuing a revised projection that nearly 2.5 million workers could opt out of full-time jobs over the next 10 years -- allowing employers to wipe 2.3 million full-time jobs off the books.

Budget experts say that because ObamaCare offers an insurance alternative to employer provided coverage, many Americans who hold full-time jobs may decide to work part-time -- or not at all -- and get their coverage from the exchanges.

Following the release of the report, House Speaker John Boehner said the report showed how “the middle class is getting squeezed in this economy.”

The report drew immediate reaction from GOP lawmakers, including House Speaker John Boehner who said the report indicates ObamaCare is only making it harder for middle-class Americans to survive in the bad economy.

Others, like Rep. Paul Ryan, R-Wisc., weighed in.

“ObamaCare is only making things worse,” Ryan said in a written statement. “This costly law is not only pushing government spending to new heights, it is disrupting coverage and leaving millions of Americans worse off.”

The budget office says jobs will also be lost because employers may choose to hire less full-time workers or reduce the hours of their staff.

In 2010, the CBO projected ObamaCare would lead to about 650,000 fewer jobs. Tuesday’s new 2.3 million estimate is significantly higher.

The report states ObamaCare will also lead to a reduction of the net number of total hours worked by as much as 2 percent in the period from 2017 to 2024. It states that “lower-wage workers” will see the biggest reduction in the number of hours worked.

The agency also reduced its estimate of the number of uninsured people who will get coverage through the health care law.

The budget experts now say about 2 million fewer people will get covered this year than had been expected, partly because of website problems that prevented people from signing up last fall when new markets for subsidized private insurance went live.

Sen. Orrin Hatch, a ranking member of the Senate Finance Committee, called the report “devastating” to the millions of Americans seeking employment.

“A direct threat to the long-term health and prosperity of our nation, this law must be repealed,” Hatch, R-Utah, said in a statement. “Its impact and consequences are too great.”

House Budget Committee Chairman Paul Ryan said the report indicates ObamaCare is making things worse for Americans.

“This costly law is not only pushing government spending to new heights; it is disrupting coverage and leaving millions of Americans worse off,” Ryan, R-Wis., said.

However, the White House focused on the report's claim that the loss of jobs will not be due to employers cutting back, but due to Americans choosing to voluntarily leave the workforce. White House spokesman Jay Carney said in a statement the report proves ObamaCare is allowing Americans to be "empowered" to make such a choice.

"At the beginning of this year, we noted that as part of this new day in health care, Americans would no longer be trapped in a job just to provide coverage for their families, and would have the opportunity to pursue their dreams," he said. "This CBO report bears that out, and the Republican plan to repeal the ACA would strip those hard-working Americans of that opportunity."

Carney also says the report does not take into account the estimate by experts that lower health care costs due to ObamaCare will lead to thousands of jobs being added to the economy annually.

The report also predicted the U.S. budget deficit would fall to $514 billion this year, down substantially from last year and the lowest level by far since President Obama took office five years ago.

The Associated Press contributed to this report"

 

Let's see...free health care, government subsidized housing and.....Ouch! My back!....lifelong disability pay.

 

Read the OP, this time for comprehension. The CBO isn't citing jobs lost, it's prognosticating workers deciding to lower hours or jobs because their healthcare premiums will be much lower.

 

Am I good or what?

 

You are correct! I live in a community of "early retirement, mostly upper middle class people. Just in this (relatively) small community of about 275 families, I know at least 4 who had retired, then had to go back to work to get HEALTH CARE INSURANCE!

Two of them have now reached the "medicare" age, but the other two have decided to retire in December because they could get their insurance for the next few years through ACA.

A couple of others decided to work as "consultants" to be able to work when they want to, instead of the 8 to 5 job that they had kept only for their employer's group insurance.

It's quite nice, really!

 

No they're not. The CBO report didn't say what Fox "News" says it said.

"almost entirely because workers will choose to supply less labor — given the new taxes and other incentives they will face and the financial benefits some will receive."
​

Considerably different than the Fox Speak version:

"The report states ObamaCare will also lead to a reduction of the net number of total hours worked by as much as 2 percent in the period from 2017 to 2024. It states that “lower-wage workers” will see the biggest reduction in the number of hours worked."

Nice spin.

 

Nope. . .it is not about "job losses," it's about people being free to LEAVE the jobs they had because now they can obtain insurance even if they are independent consultants or simply early retirees. . .which leaves the jobs open for people who WANT and NEED to work. . .which should lead to less unemployment!

 

I don't buy much the CBO says anymore, so I'm gonna go with neither. They are just gullable

 

You can't explain reality to conservatives, just like Mitt was gonna win by a landslide, they live in a reality bubble that will not be broken by mere facts.

 

This is what the actual report states;

Page 117;

Yes, they have a choice, they can work for nothing or, not work for nothing. Point is, when nothing is an incentive, there will more than likely be no workers. If some consider this a voluntary program of sorts then I question their veracity for supporting this administration.

Looks like Fox was telling the truth after all.

 

Meh... right-wingers don't understand the true meaning of freedom. To them it means the freedom to do what you're told to do including working yourself into the grave.

 

No Rainbow YOU missed the point. These are NOT lost jobs. These are lost employees who are opting out of the job market. The jobs will still be there. There will just be somebody else doing them.

I wonder, in fact, if they are considering the people who will seek self employment since they are freed from the slavery of having to work to keep their health insurance.

- - - Updated - - -

I copied the post off of Google News. The headline directly contradicted the story description. It wasn't necessary to look any further to realize that Fox was lying AGAIN!

 

Fox News:

The long-term effect of ObamaCare on the U.S. economy was rewritten Tuesday with the Congressional Budget Office issuing a revised projection that nearly 2.5 million workers could opt out of full-time jobs over the next 10 years -- allowing employers to wipe 2.3 million full-time jobs off the books.​

So those jobs will just automatically vanish? Just because workers opt out of them, these jobs don't need done anymore?

Like I said, nice spin from a right-wing biased "news" source.

 

The purest form of capitalism is slavery. That includes wage slavery. Which in some respects is worse than the traditional kind since employers don't even have to provide wage slaves with the basic health care that comes with ownership.

Could that be what REALLY scares the right? That wages might go up?

 

You keep conflating having to work with slavery, I guess that is necessary for you to conclude that people working fewer hours is not going to be harmful to the economy. The reality is that how much people work matters because it relates directly to the gross economic product, aka the goods and services, that the economy produces. Which is why I said that your fundamental misunderstanding of supply-side economics is why you are mistaken here in this weird attempt to equate a need to work with being a slave... if you understood that what people do in their jobs matters you would not be making this comparison.

 

What possible difference does any of that make when production already exceeds consumption and the masses are getting an ever smaller share of the pie? Is your precious 1% going to suffer somehow? Does that make you sad? Should workers be marched to their jobs at gunpoint? I guess the law of supply and demand should be over ruled when it comes to wages huh?

You would have LOVED Auschwitz - 100% utilization of the labor force, no medical coverage, and no wages. Capitalism in its purest form!

Arbeit macht frei = Work shall make you free



Just when we thought conservatism couldn't get any more disgusting...

 

Uh...

People have to work for things like food and medical services because those things are produced by other people, who did work to produce or provide those things. It's not much of a leap from there to conclude that an entitlement to other people's labor is wrong, or that work can be a virtuous act.

 

No dear, people OPTING to work fewer hours is not bad for the economy, on the contrary, it means that those hours can ve filled by people who are currently unemployed, while giving an opportunity to those who decide to work fewer hours to ENJOY their life and their family more, maybe even give more attention and assistance to their kids, pursue a hobby.. . That might turn out into an new small enterprise, or even to go back to school part time.

Do you think the European has been suffering for the last 20 years or so because of the 32 hours work week and the 4 to 6 weeks annual vacation? If it has, how do you explain the high productivity of the French and germans? And how do you explain that the euro has GAINED 40% against the dollars in spite of those shorter work weeks and longer vacation?

If one feels he NEEDS to work to make enough money to survive, or to not get dired by a demanding boss, or . .. Because working fewer hours would mean losing his/her healthcare. . . That is close to being a slave to one's job, rather than thhe job being a means for self-actualization for the worker.

Face it. .. The key of this is the EXTRA CHOICE that not being dependent on one's job for hralth care provides!

 

Do you believe that europe is suffering from the shorter work hours and longer vacations?

Do you think they have a problem producing enough food ?

In fact, that additional leisure time CREATES job, because it creates a DEMAND for. More leisure related services!

 

Only France has a 35 hour work week and if you look at their unemployment rate, it's coming under some heavy assault. It's true that the French have unusually high per hour industriousness, but it does not seem to have been worth the trade-off. Of course, some other policies might be to blame for France's economic issues and not the 35-hour work week, I'm not an economist, but the point I want to make is that these things don't support your conclusion.

 

The sad part is, ABC news reported this same finding tonight and cited the fact that Obamacare requires people not make much money in order to get free/reduced cost healthcare so they will stop working to get the free healthcare. Thus 2.3 million fewer workers. This is NOT a good thing. How can liberals be so stupid? (ok, I retract the question, there is no DOUBT they can be this stupid.) If you have 2.3 million workers no longer working and just becoming leeches to society, blowing it off as them "voluntarily quitting thus it's ok" is absurd. Hell, having 2.3 million more liberal voters is a liberal utopia if I've ever seen one.

So where is the thread about ABC lying, because they said the same thing FNC did. Or is it only lying if FNC says it? Or, and this is the part liberals really HATE, is it NOT lying at all by EITHER network and the truth is something liberals don't want to talk about?