Rep. Kelly to Cavuto: Obamacare 'Unraveling Before Our Eyes'

Wednesday, 10 Jul 2013 06:59 PM

By Greg Richter

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Obamacare is "unraveling right before our eyes," and President Barack Obama should have told the American people "my bad," rather than deciding to pick and choose which parts of his signature healthcare law to delay enforcing, Rep. Mike Kelly, R-Pa., said Wednesday on Fox News Channel's "Your World."

Only 12 percent of Americans want the individual mandate instituted in 2014, according to a Healthpocket survey, host Neil Cavuto said.

Walmart in the Crosshairs

The District of Columbia City Council is considering passing a "living wage" law to increase minimum wage at big box stores such as Walmart to $12.50 an hour, which is $4.25 above the city's minimum wage for other employers. Walmart has countered by threatening to cancel plans for three new stores in the area.

Elizabeth MacDonald of Fox Business Network said the city is making a huge mistake. The stores would bring affordable goods to an area that is lacking them, and Walmart stores typically spur other stores to come to the same areas, bringing even more jobs.

"When are the poor people in Washington, when are the black people in D.C. going to stand up and fight the politicians?" asked Wstreet.com CEO Charles Payne. "Ward 8: 94 percent black, 38 percent poverty rate. They need those jobs!"

Cavuto speculated that the bill targets Walmart because it is nonunion. Union grocers and fast food restaurants are exempt.

Fed Up With the Fed?

Charles Gasparino, author of "Circle of Friends," predicted that retiring Federal Reserve Chairman Ben Bernake will be replaced by Obama with someone even more dovish on the economy.

Money-printing might be slowed, he said, but 10 years from now the U.S. could see massive inflation and a devalued dollar from all the quantitative easing.

"I think (Bernanke) is worried (another Great Depression) might happen. This is a very precarious economy made even more precarious by President Obama's economic policy," Gasparino said.


© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Opening With Cuba Raises Risks to Florida's Borders

Friday, 19 Dec 2014 09:38 AM

President Obama's announcement on Wednesday that the United States would normalize relations with Cuba will significantl . . .

WSJ: Cigar Lovers Still Face Long Wait To Puff a Cohiba

Friday, 19 Dec 2014 09:33 AM

Cigar aficionados who are dreaming of puffing on a nice Cohiba following the White House‚Äôs shift in Cuba policy are like . . .

Review: 'Insular' Secret Service Needs Outsider as Leader

Friday, 19 Dec 2014 09:08 AM

The Secret Service is an insular agency that needs a new director hired from the outside, according to former governme . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved