Back in June we blogged about the Business Roundtable’s withering assessment of President Obama’s approach toward American businesses. Things haven’t improved.
To the contrary: resistance to the President’s economic agenda has been spreading throughout the business community, affecting even groups and leaders who supported both Candidate and President Obama. Runaway “stimulus” spending with no discernible results, a new health care bureaucracy that’s already adding to costs, and credit that’s harder to come by now due to financial “reform” have finally taken a toll on employers’ faith in the President. Now that he needs their support to buck up his economic cred ahead of the midterms, they’re balking.
On Tuesday the House voted on whether to attach to a small business jobs bill an amendment that would have repealed the wholly unconstitutional “individual mandate” portion of the Democrats’ health care law. The individual mandate, in short, legally forces every American to buy health insurance from private companies, under threat of a government fine.
Aside from the harmful effects such a measure will have on small businesses, employer-based health insurance, and the economy as a whole, the individual mandate is fundamentally unconstitutional, for two reasons.