After the Supreme Court announced its decision on the constitutionality of the Patient Protection and Affordable Care Act, Mitt Romney had a solution of his own: To repeal Obamacare, we must replace Obama.

The presumptive Republican presidential nominee said during a news conference in Washington D.C. today that he disagreed with the Supreme Court ruling and vowed that, "what the Court did not do on its last day in session, I will do on my first day if elected president of the United States. And that is I will act to repeal Obamacare."

"Let's make clear that we understand what the Court did and did not do," he said. "What the Court did today was say that Obamacare does not violate the Constitution. What they did not do was say that Obamacare is good law or that it's good policy. Obamacare was bad policy yesterday. It's bad policy today. Obamacare was bad law yesterday. It's bad law today."

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Romney pointed to a host of threats the law will cause: He said the law raises taxes on the American people by approximately $500 billion, cuts Medicare by the same amount, adds trillions to deficits and to the national debt and "pushes those obligations on to coming generations."

"Obamacare also means that for up to 20 million Americans, they will lose the insurance they currently have, the insurance that they like and they want to keep."

He also hammered the law as a "job killer," pointing to research from the Chamber of Commerce which stated three quarters of businesses said the PPACA makes it less likely to hire people.

"Perhaps most troubling of all, Obamacare puts the federal government between you and your doctor," Romney said.

According to the Romney camp, more than $300,000 rolled into the Romney Victory Fund within the first 90 minutes after the ruling.

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