**Written by Doug Powers
President Obama’s approval rating is at a new low and Obamacare disapproval continues to rise, which means it’s time for the mainstream media to do their stuff.
Reuters to the rescue:
Alternate headline: Forcing millions to re-purchase health insurance increases health care spending. Duh!
As the U.S. economy teetered on the brink of contraction in the first quarter, one thing stood out. Healthcare spending increased at its fastest pace in more than three decades.
That surge is attributed to the implementation of President Barack Obama’s signature healthcare law, the Affordable Care Act, also known as Obamacare. Because of Obamacare, the nation narrowly avoided its first decline in output in three years.
“GDP growth would have … been negative were it not for healthcare spending,” said Harm Bandholz, chief economist at UniCredit Research in New York.
It’s amazing what making the purchase mandatory and expanding Medicaid can do to increase overall spending.
If the Democrats went through parking lots around the country hitting cars with sledge hammers, Reuters would report, “Increase in auto-related spending signals continued economic recovery.”
**Written by Doug Powers
Twitter @ThePowersThatBe