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→Obamacare: 8 years of stagnant growth
====Obamacare: 8 years of stagnant growth====
====Obamacare: 8 years of stagnant growth====
{{main article|Obamacare}}
{{main article|Obamacare}}
Not wanting the the [[Financial crisis of 2007]] to go to waste, America embarked on a grand socialist experiment. Thanks to "stupidity of the American voter" in the words of the bill's author, Obama passed his signature legislation, the Patient Protection and Affordable Care Act (PPACA) on March 10, 2010. Also known as Obamacare. In keeping with his progressive ideals, the bill used coercive measures to force Americans to buy insurance they didn't want or need.
Not wanting the the [[Financial crisis of 2008]] to go to waste, America embarked on a grand socialist experiment. Thanks to "stupidity of the American voter" in the words of the bill's author, Obama passed his signature legislation, the Patient Protection and Affordable Care Act (PPACA) on March 10, 2010. Also known as Obamacare. In keeping with his progressive ideals, the bill used coercive measures to force Americans to buy insurance they didn't want or need.
The employer mandate – the requirement that employers pay 50% of a workers insurance – held down new job creation and wages. Overall [[GDP]] growth barely exceeded 1% throughout Obama's years, while population continued to grow at a 2.5% rate, thus steadily impoverishing the nation as a whole.
The employer mandate – the requirement that employers pay 50% of a workers insurance – held down new job creation and wages. Overall [[GDP]] growth barely exceeded 1% throughout Obama's years, while population continued to grow at a 2.5% rate, thus steadily impoverishing the nation as a whole.