The Shutdown, Obamacare, and the Jobs Report

As we write this the latest jobs report has not yet been released, but it is so widely assumed to be horrible that the stock markets took an early plunge on Thursday and the administration has already started blaming the Republicans.
This time around the administration’s rationale is that nobody was hiring because of the government shutdown, which of course was entirely the fault of those mischievous Republicans, but the familiar ploy might prove harder to execute. This time around will require reminding a forgetful public that there was a government shutdown, which went largely unnoticed by anyone who wasn’t so unfortunate as to be taking trip to a national park during the brief interregnum, as well as a plausible explanation for why anyone in the private sector would have been deterred from hiring someone just because some non-essential public sector employees were enjoying a paid vacation at some private sector and happily operating locale. There was a chilling terror of a governmental default and consequent economic apocalypse, we are told, but anyone who had such an irrational fear could have only gotten such a crazy idea from the administration.
Blaming the government shutdown also runs the risk of reminding voters that it had something to do with the Republican’s unified opposition to Obamacare, which the administration is now hoping will be soon forgotten. Even the most loyal media were compelled to concede that the roll-out was a glitch-ridden fiasco, and the resulting ridicule was followed by harrowing stories of disillusioned Obama voters suddenly finding themselves without health insurance and facing exorbitantly higher costs as a result of Obamacare, and attempts to blame the Republicans and their unified opposition to the law have thus far proved unconvincing. The poll numbers have reached such a sorry point that the president went to the endlessly forgiving reporters of the NBC network to say how sorry he was for all the people who liked their insurance but lost it despite his repeated pledges that if they liked it they could keep it, period, even if it is the greedy insurance company’s fault. Even such a half-assed apology, delivered with the apparent arrogant expectation that it somehow will make things right to the president’s screwed-over former voters, amounts to an act of desperation by an administration so disinclined to apologize to anyone but Islamist terror regimes and communist tyrannies.
Today’s dismal jobs report does reflect the economic activity during the government shutdown, a point that will be widely noted in the obligatory news reports, but it also coincided with the botched Obamacare debut. That event also called into question in the full faith and credit of the federal government, and in ways that are seemingly permanent. Obamacare offers incentives for workers to cut back on their hours and earnings in order to qualify for its subsidies, and irresistible incentives for employers to cut back on their workers’ hours and earnings, and the administration is left with the unenviable task of convincing people those workers and companies are to blame to reacting according to their economic self-interests.
As the government shutdown fades further into an already memory, and the consequences of Obamacare linger in the jobs reports, apologies and finger-pointing will prove even less persuasive.

— Bud Norman


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