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Federal Reserve Acknowledges ObamaCare Is Leading to Layoffs

The Federal Reserve on Wednesday released an edition of its so-called "beige book," that said the 2010 healthcare law is being cited as a reason for layoffs and a slowdown in hiring.

"Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff," said the March 6 beige book, which examines economic conditions across various Federal Reserve districts across the country.

Source: The Hill. Read full article. (link)

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  • Sevo||

    See, if you tax smokes high enough, people will quit smoking.
    But raising the cost of hiring someone has no effect on behavior at all, since it's magic!

  • Bill||

    More Stimulus!!!

  • Gsh||

    Big surprise. Now we get to watch businesses in an already struggling economy spend money on dealing with this joke of a health care plan

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