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With the support for the president's health care loss sliding.
The president starts blaming.
Reporters may be shifting more costs are higher premiums.
Or -- -- higher deductibles.
Or higher -- -- And so.
There may still be folks were out there feeling increased cost not because -- affordable care but because.
Those costs are being passed on to workers.
Have a major business groups landing back at that comment saying it's up president -- rising up price.
It's kind of the economy desperately.
Needs jobs to come back is this any time for the president to be picking this fight.
Hi everyone I'm pregnant -- this is Bulls and Bears the bulls the bears this week we got -- he -- Tobin Smith Jonas Max Ferris.
John Layfield along with Meredith Whitney welcome to everybody John Layfield.
The president putting the blame on employers what say you.
I say this is typical politicians has gone on since Andrew Jackson at the are they they find the business owner to blame it's the easiest thing in the world you pass a law that is very unfavorable and then you come and they realize hey this is going to be free.
It's not free it's gonna -- all of we have business owners out there saying if we're gonna pay an extra 5000 dollars per employee we have thirty employees 100000 dollars is all we make per restaurant that we have.
-- simply cannot afford this so what does the president do what he turns and -- small business owner that's great spending percent of the jobs.
This is insane but it's typical politics.
Okay Gary -- isn't the small business owner isn't a business owner or is -- the affordable healthcare law.
Well it it it's the latter Brenda looked -- I'm I'm scratching my head on this when he saying -- okay.
You know the reason your appeal on the -- is because those bad employers the only ones we have out there creating jobs.
Are passing the cost -- I think the cost would go if they weren't -- -- -- -- when they somehow banish all guys we didn't have a bunch of employees so there's no extra cost to obamacare but the CBO already came out and said.
That this Affordable Care Act is gonna cost think the country 800000 jobs but that was the original estimate now obamacare has doubled.
We can -- expect that's gonna cost even more jobs.
And the loss -- good jobs are already starting to kick in as employers have their first.
Goal post if you well this coming January so it's I think it's really gonna hurt the economy.
Okay merited should the president be lifting up job creators the recovery as is very tepid instead of beating or not.
It's unfortunate that's happening right -- -- exactly right so costs are going up and but the only costs are rampant the costs are passed onto the employees as far as DO bottle articulated.
What you admit I think that he would do would be some type of concession.
For small businesses for businesses sent had a tax credit it to mitigate the rising cost of obamacare but effectively.
Whose costs are just rising and businesses are expected to eat it and that and until we have forced roll here that's just not good at -- this kind of fly with American businesses okay Toby.
You are small business owner you are to blame and -- do you -- Well president Biden follow everything in our prisoners told us first off I didn't build my business somebody Will -- apartment and -- secondarily health care costs going up is my fault.
Now that if you really wanted to inspire human beings to -- -- take all the risk.
Put your own money your brain your time your -- home -- that's the way to inspire people that are Brenda.
And and that's what I -- -- -- you -- time and time to get will we see these things a bit more than says shaking my head.
He doesn't get us he does not get.
What risk taking is it and how when you press is abominable law what a bargain a deal aren't -- absorb this cost.
-- OK -- didn't do the business owners deserve any blame and that's.
First of all they are gain a tax deduction is still deductible to give some insurance -- you give them more insurance than you get a bigger tax integrated the government you don't actually -- don't pay taxes.
Do these companies don't make money does -- give governor for a -- -- and IRA contribution a lot.
It's more health care and it's better health -- than most people already have so obviously it could cost more on some level and that I thought that.
It will more people again insurance they knew how to before right and their average quality of its going to be hired a suburb of -- -- -- -- -- -- but most people organs he more benefits.
Just a little thing like not be able to kick -- people preexisting conditions is more coverage.
That means people are gonna pay more employers are gonna pay more and taxpayers and pay more that's how it's going to be share it it was -- -- -- each other.
But everyone's gonna pay this additional cost.
Now have we seen examples yet of companies not harm people but 'cause we got -- important discussion.
Not these opinions we just odd job figures come out this week you're okay not very great like all the ones in the last few my and yet.
And restaurants were hiring the most in the garment was hard in the least.
That flies in the Bristol we're talking about here because government workers don't care to get health insurance assign additional cost because of his -- -- are covered on unions.
And retailers and restaurants have low coverage 40% and of insurance converted sixty across the private sector so why are they hiring more in the face of this new regulation that doesn't make sense I think I'm like OK I'm propping up.
What is the thought is they make money money yeah of course they do that's why they need to pay for free pizza for absolutely everybody.
-- -- here's what you have to have a business that is -- give a business that is full of -- give a business where the owners are stealing from the clients now what do you do do you -- -- business -- interstate thirty to fifty million more people going to that business and think you know I got it's gonna fix the business that's what went into health care we have -- major health care problems we did not -- it at all all we -- it was added thirty -- million more people to a broken system all they can possibly do is exacerbate the -- -- is what's happening that's what's costing business money.
That's it -- that's gonna hurt the economy and and hurt the job market you think I think the -- really strong.
And so it's hard to imagine that it's going to -- -- the economy but it's certainly that -- stagnate certain parts the economy.
And it makes it really hard.
For everybody trying to.
You know do the best they can with try to try to make margins right margins are squeezed in the first place in the squeeze -- squeeze margins even further so you know businesses have to make money right they if they don't get any handout so.
The more you take the -- they have to work -- okay Gary be at Johnny Phelps said free pizza for everybody pretty.
And DNY and look at what well not every.
I think they've got good kids horrid that I was -- that was John's platform as a student body president -- Yeah no doubt that.
You know I and the -- -- I think you know what like -- was sent about eating those -- -- thank Toby was very -- that's been the hate those cost.
You know -- NL -- funny things that they somehow vanished right.
They had told me -- beat those costs.
That he has less retained earnings the next year which he can either did not grow its business he cannot expand if you're not they're not.
But the coast don't -- all -- they somehow.
How affect the economy only had a negative -- Andruw Jones is point I don't think there's negative way.
Mean we're all -- on the flip -- gonna get better health -- I know my premiums are gonna go up next you're probably 50% think I'm gonna get better health care I doubt it okay Janet.
You've you're probably not one of the people's gonna get better health care industry will no health care and they're not really -- -- just.
And I'm covered by health insurance -- almost the exact opposite of what the they said what's gonna happen and Obama care.
I'm not defending the under Tony how words I don't -- like any plan for companies have to pay insurance for the employees that that's already the -- -- we how did before this happened.
If we have a system where employers didn't have to pay for insurance at all.
And then they added this kind of plan yet -- destroy the job market believe how bad for decades unfortunately so it's pretty marginal display which is why -- my point.
You see restaurant people hiring employees you know they're going to be the ones taking on the brunt -- this having -- out always uninsured people to the -- a lot of a lot of -- -- -- -- -- -- yeah thirty -- out today okay exactly static out thanks fat.
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