Wednesday, March 5, 2014

Latest figures indicate that Obamacare made Americans richer

Pro-Obamacare demostrators lobbying outside the U.S. Supreme Court. PHOTO/Carolyn Kaster/Associated Press

U.S. President Barack Obama's 2010 health law (Obamacare) was responsible for about three-quarters of a surprising January rise in U.S. consumer spending and American income growth, according to calculations by the Wall Street Journal.

While not exceptional, the gains were significant: a 0.4 percent rise in consumer spending (US$45.2 billion) and a 0.3 percent rise in personal

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