Obama suggests employer health care premiums will drop 3,000% – UPDATE: Heckled?

Three-thousand percent … 3,000% … Wow! Look, he probably misspoke in some way or TOTUS played another trick on the president yesterday, but it would be impossible to drop employer premiums by 3,000 percent, at least those of us who passed 6th grade math know that much. UPDATE below. Was he heckled?

From what I understand, Rush Limbaugh brought up this point during his show today, and I think Vicevich may have mentioned it too. The numbers don’t really matter since there are no facts – at all – to back up his assumption health care premiums would drop at all. In recent weeks they were only trying to get the rate of premium increases to slow down for goodness sakes.

Can someone please point out any part of the current legislation which would result in lower premiums. Anyone? Bueler? Bueler?

Now all of a sudden premiums will drop 14 to 20 percent … or maybe 3,000 percent? Liar. Courtesy Power Line Blog

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.

The video is courtesy Gateway Pundit, via TownHall.com.

UPDATE: (Jim): Thanks so much to Jim Hoft for the initial video. But, for the show I went back to cut our own video and took it back about 30 seconds before the TownHall video. Listen closely as a man shouts out “I’m unemployed” right at the beginning. And then just before the famous 3000% line, I think a woman says “I’m unemployed” and at the end she yells it again and says “I need a job”, or “Get a job”. I could be wrong, but the One does not look happy and that’s when it seems to crumble. Let me know what you think.


It’s a good time to remind readers about government math and accounting work…


Update 2 (Steve): Sweetness & Light also pointed out the 3,000 percent gaffe yesterday and Sister Toldjah pointed out this morning what I noted about the possible TOTUS error.

3 replies
  1. Dimsdale
    Dimsdale says:

    Just another reason why I want to see "fearless leader's" college transcripts.  I believe that Obama is doing more damage to affirmative action than anyone else…

  2. marthajenn
    marthajenn says:

    FYI a reduction "by" and a reduction "of" means two different things.  A reduction "by" means you divide, ie premium cost to employer is $10,000, you divide by 3000% to get $333.  In other words 3000% of the $333 is $10,000.  A reduction "of" on the other hand means you multiply, 3000% X $10,000 which would be insane.  Too bad he didn't say a reduction "of" up to 3%. But as a politician the larger percent looks best!

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