3,000 percent!

Stumping for Obamacare yesterday in Ohio, Obama touted its manifold virtues like the patent remedy salesmen of old. For whatever ails us, this legislation is the cure. Here Obama touts the legislation’s magical reduction of expenses for employers with an incidental benefit to employees:

Now, so let me talk about the third thing, which is my proposal would bring down the cost of health care for families, for businesses, and for the federal government.
So Americans buying comparable coverage to what they have today — I already said this — would see premiums fall by 14 to 20 percent — that’s not my numbers, that’s what the nonpartisan Congressional Budget Office says — for Americans who get their insurance through the workplace.
How many people are getting insurance through their jobs right now?
Raise your hands.
All right. Well, a lot of those folks, your employer it’s estimated would see premiums fall by as much as 3,000 percent, which means they could give you a raise.

Even conceding that Obama misspoke — what number did he mean to cite? — the more appropriate question would have been: “Do you believe in magic?”
One wonders at what point embarrassment, let alone respect for the intelligence of the audience, might set in.
Via Rush Limbaugh.

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