The CBO director was being questioned by Republican Congressman John Campbell when he let something interesting come out about Obamacare.

Here’s the video:

And the transcript: (H/T The Weekly Standard)

Chairman [Paul] Ryan: “[I]t’s been argued…that the new health care law will create jobs and increase labor force participation. But if I recall from your analysis, it was quite the opposite. Is that not the case?”

Director [Douglas] Elmendorf : “Yes.”…

[…]

Rep. [John] Campbell: Thank you, Mr. Chairman, we’ll — and Dr. Elmendorf — and we’ll continue this conversation right now. First on health care, before I get to — before I get to broader issues, you just mentioned that you believe — or that in your estimate, that the health care law would reduce the labor used in the economy by about 1/2 of 1 percent, given that, I believe you say, there’s 160 million full-time people working in ’20-’21.  That means that, in your estimation, the health care law would reduce employment by 800,000 in ’20-’21. Is that correct?

Director Elmendorf: Yes. The way I would put it is that we do estimate, as you said, that…employment will be about 160 million by the end of the decade.  Half a percent of that is 800,000.

I noticed that the Blog Prof found of video of Nancy Pelosi promising that Obamacare would CREATE 400,000 jobs. Ooops.

I am sure that some of the 800,000 people who will be losing their jobs because of Obama’s socialist health care plan voted for Obama in 2008. What were those people thinking?