Tags: kelly | cavuto | obamacare | unraveling

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

Wednesday, 10 Jul 2013 06:59 PM

By Greg Richter

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.


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