According to Jake Tapper of CNN, “What Democrats told me today is that President Obama, however much they love him, he is an albatross around their necks right now. His poll numbers are so bad, people not feeling good about the state of the economy even if there economic indicators that things are getting better. Wages are stagnant.”
Much of that feeling of going over the cliff for Democrats can be directly traced to The Affordable Care Act, or ObamaCare.
Supporters of The Affordable Care Act have fared poorly in elections. The polls portend the same outcome for the Congressional mid-term elections on November. A recent Associated Press survey reveals that only 30 percent of Americans support ObamaCare.
There are many reasons for that just in recent news alone.
Blue Cross of Louisiana announced that premium increases would be as high as 19.8 percent. Wal-Mart (NYSE: WMT) dropped health insurance coverage for 30,000 part-time workers. In addition, Wal-Mart raised the costs of health insurance payments for others. That is bad news for both workers and consumers across the United States!
All of that is a direct result of the impact of The Affordable Care Act.
It will only get much worse for ObamaCare supporters as the election date nears. There is a strong possibility more companies will announce adverse changes due to ObamaCare. More rate increaeses could be announced, too.
The timing obviously demonstrates that those entities want to punish the supporters of ObamaCare.
If not, then why not wait until after November 4 to make the announcements to the press? Obviously it is not just the supporters of The Affordable Care Act up for election who recognize how draining the law is for America. Companies such as Wal-Mart, the largest retailer in the world, are realizing the pain it is inflicting on the bottom line. It is obviously much worse for small businesses that do not have the mass of Wal-Mat to absorb greater worker expenses.