Administration Fact Check on Jobs and Premiums
Testifying before the House Ways and Means Committee this morning, Council of Economic Advisors Chairman Austan Goolsbee has repeated Administration claims that the health care law will create jobs, citing a paper from economist David Cutler on this issue. However, Cutler was the also same Obama campaign adviser who co-wrote the famous memo attempting to defend candidate Obama’s assertion that his health plan would save $200 billion per year, or $2,500 per family. This of course raises an obvious question: If both Cutler and the White House can’t defend their prior allegations that health “reform” will cut premiums by $2,500 per family, why should anyone believe their claims on job creation now?
