Nancy Pelosi buys votes with Obamacare Promise

Quote of the Day:

We see it as an entrepreneurial bill, a bill that says to someone, if you want to be creative and be a musician or whatever, you can leave your work, focus on your talent, your skill, your passion, your aspirations because you will have health care.”

Speaker of the House Nancy Pelosi May 2010

Counter Quote of the Day:

"Imagine, if you will, that I am an idiot.
Then, imagine that I am also a Congressman.
But, alas, I repeat myself."
-- Mark Twain

I found this video of Speaker Nancy Pelosi encouraging musicians to give up their regular jobs to pursue development of their creative or performing arts skills.  The USA is in an economic depression and she tells people that have jobs that provide health insurance to quit and follow their dreams.  Thankfully, she does not start singing "Climb Every Mountain" from the "Sound of Music."

Obamacare 101

I just read an interesting article on the Business and Media Institute's website about Obamacare. McDonald's and White Castle both did studies to asses the effects of Obamacare on their business. McDonald's concluded that their franchisees would lose 15% to 20% of their profits if all the provisions of Obamacare are enforced. White Castle found that their net income would decline by 55%. You do not need an Ivy league law degree to realize a 55% loss of net income will not start a hiring frenzy. It will probably lead to restaurant closings, layoffs and workers getting fewer work hours AKA underemployment.

BTW, the article was titled "We are Headed for 15 Percent Permanent Unemployment."