March 31st, 2010, Washington, DC–From ALG News’ Capitol Hill Correspondent Derek Baker:

In the Senate, Sen. Schumer, speaking right from the White House healthcare playbook, predicted that those Democrat members who voted No against ObamaCare will be hurt come Election Day. Schumer stated, “I predict that by November those who voted for healthcare will find it an asset and those who voted against it will find it a liability.” Two recent polls, conducted by Gallop and the Washington Post, still show a majority of Americans oppose Obama’s new healthcare law.
In recent days, many Fortune 500 companies – including such industry leaders as AT&T, John Deere, Caterpillar, Verizon, and 3M – have announced that ObamaCare will cost them billions of dollars in the years ahead, and several have begun reporting charges (losses) against their earnings. AT&T reported it will take a $1 billion charge against earnings due to provisions in ObamaCare.
Also, in a not-so-surprising bit of news, Sen. Kay Bailey Hutchison will reportedly announce today that she will serve out the remaining two years of her term, breaking her pledge to step down following her failed run for governor of Texas.
Bottom Line: The problem for Schumer and other Democrats who continue to sing the party line of prosperity and free insurance for all is that voters will soon realize the rhetoric doesn’t match reality. The significant “benefits” of ObamaCare will take years to implement (and conservatives argue will not appear as advertised), but the bulk of the tax increases and federal regulations begin this year. Thus, the real short and long-term effect of ObamaCare will be to stifle job creation… and undermine Obama’s “number one priority” of improving the economy. Read the rest of this entry »



