Posted by AzBlueMeanie:
Tea-Publicans in Congress were tripping all over themselves to get to a microphone on Tuesday to trumpet a Congressional Budget Office (CBO) report that the conservative media entertainment complex, and its enablers in the corporate "lamestream" media either did not read or purposefully misrepresented with headlines like this in the Washington Post: CBO: Health law to mean 2 million fewer workers.
After initially blowing the story, the Washington Post at least did an admirable job of walking it back. It's media critic Eric Wemple wrote, The media’s massive revisions on CBO-Obamacare story:
The [Washington Post’s "Fact Checker"] Glenn Kessler today published a fact-checking post breaking some news: No, he wrote, the Congressional Budget Office (CBO) never, ever reported that Obamacare would somehow or other kill more than 2 million U.S. jobs.
Okay, to say that Kessler broke this news is a rhetorical exaggeration to highlight the point that many-o-many media outlets misconstrued the CBO findings. For a while this morning, the Internet was hopping with job-killing hype, when in fact the truth was vastly different. Obamacare’s impact, the CBO concluded, would lessen the supply of labor by encouraging certain folks not to work: “The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor, so it will appear almost entirely as a reduction in labor force participation and in hours worked. . . .”
For someone approaching retirement, notes Kessler, Obamacare could well mean that they needn’t hold onto a bad job just to keep health insurance. That’s a far different dynamic from job-killing.