According to NBC News Online this morning, businesses across the United Sates are cutting employee hours down to 29 per week or less in order to avoid the requirements of Obamacare. Small businesses tend to have narrow profit margins, and the cost of providing health care for their employees is simply too much of a hardship.
This will hurt the very people whom the left and the Democratic Party claim to hold in such esteem. They're the ones for the poor and underemployed. They're the ones for the little guy.
The looming Obamacare regulations are hurting that guy in precisely the same way as the Cash For Clunkers program hurt him. Cash For Clunkers destroyed the used car market precisely because it required old models to be destroyed. Consequently, what used cars there were became higher priced. It's simple supply and demand: high demand plus fewer resources make the cost of the resources jump. And who does that hurt most?
The working poor, the lower classes. The same ones who are going to be crunched by Obamacare.
Trickle down economics does work, and in both directions. Reagan proved in a positive way, leading the longest sustained period of peacetime economic growth in our history. President Obama is proving it in a profoundly negative manner, and it is hurting the folks who most need help.