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The USA economy had it's most lackluster GDP performance in the first quarter of 2014 than since the recovery started from the Great Bush Recession ( not to be confused with the other two "Bush Recession"s). While the winter weather froze private business investment, austerity froze public investment. Betting on the "makers" to pull this country out of the doldrums has proven a losers bet the past 5 years but consumers did come through with a nice 3% increase in spending and guess what else brought home the bacon? Yes, the hero of economic creation in 2014 has been... OBAMACARE!
(Says Rueters Via Huff) "GDP growth would have ... been negative were it not for healthcare spending," said Harm Bandholz, chief economist at UniCredit Research in New York.
Obamacare is, in effect, a delayed reaction, stimulus bomb planted by Nancy Pelosi, Harry Reid and President Barack Obama back in 2010. It's slow fuse finally went off this January as millions of people who've been sitting on illness and ailments for years got real insurance and by Jiminy, they used it.
Medicine for the sick is also
medicine for the economy
Healthcare spending increased at a 9.9 percent annual rate, the quickest since the third quarter of 1980, and it contributed 1.1 percentage points to GDP growth.
Those are real numbers based on real calculations by real economists, not "Processed Fact Nuggets" from a pundits arse. Yes, some of that 9.9% is inflation most of it is more utilization thanks to more availability. Without Obamacare our economy would have seen a 1% retraction. Put two quarterly retractions together and you get a recession. Mutter the "R" word and you get corporate "makers" laying off hundreds of thousands of real people each month. At that point you would hear the Republican sabotuers in Congress howling in Satanic glee.
But it didn't happen. The country's economy is going to survive "ICE-POCALYPSE" and "AUSTERIAN" economics thanks to a little Kenyan Socialist trick called "OBAMACARE".