Thursday, November 29, 2012

Mr. President, Where’s #My2500?

As part of its continued efforts on the fiscal cliff, Campaigner-in-Chief Obama and the White House started a new #My2K hashtag on Twitter, to promote its plan to raise taxes on small businesses. (Some may find it slightly ironic that the President thinks middle-income families’ tax cut is their money, while small businesses’ tax cut is his money to play with.)

But that got us wondering: Where’s #My2500 – Obamacare’s promised reduction in health insurance premiums?  As a reminder, candidate Obama promised repeatedly that his health plan would CUT premiums by an average of $2,500 per family within Obama’s first term.  But as the below graph shows, while candidate Obama promised premiums would fall by $2,500 on average, premiums have risen by $3,065 since Barack Obama was elected President.

So maybe, just maybe, instead of running around holding campaign-style rallies in an attempt to raise taxes on job creators, President Obama could get to work on fulfilling his campaign pledge, and bringing us #My2500.