Charles C.W. Cooke, in the process of pointing out that Obamacare was sold to us as a money-saver – and that the Left is now apparently stupid enough to think that we’re stupid enough not to have noticed – writes:
[Barack Obama’s] central claim [in 2008] — that premiums would drop for the typical family by $2,500 — could literally have been taken from the back of an envelope. As the New York Times explained back in 2008, the $2,500 number came from economist David Cutler, who predicted that Obamacare would reduce all health-care spending by $200 billion a year. Candidate Obama, looking for a good sound bite, simply divided this number by the number of families in the United States; then, calculating inexplicably that total health-care spending and family health-insurance premiums were exactly the same thing, he concluded that all money saved would be returned to the people. That Obama considered this a reasonable way of selling a plan that reorganized one-sixth of the economy betrays either a fundamental economic illiteracy or a deeply troubling readiness to mislead.