The Inquisition.. Democrat Style

Discussion in 'Politics' started by Lumpy 1, Apr 2, 2010.

  1. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Ah yes.. the sweet repercussions of Obamacare, the unintended consequences, the stupid is as stupid does, the inquisition with a Democratic Party twist as Henry Waxman becomes Obama's, Grand Inquisitor for the health care debacle.

    ---------------------------------:cuckoo:

    Only days after ObamaCare was passed, some of America’s biggest corporations began announcing that they would have to take charges against their earnings as a result of the taxes, regulations, and other government rules that are going to drive up their costs and negatively affect their companies’ long term fiscal health.

    Anyone who has even a rudimentary understanding of economics knew ObamaCare was going to have some sort of negative impact on businesses of all sizes. When the announcements started rolling out that Caterpillar, Deere, AT&T, Verizon, AK Steel, and many others will be forced to make writedowns against their earnings, the only surprise was the enormity of those writedowns.

    Enter Henry Waxman, Democrat of California and chairman of the House Energy and Commerce Committee. He is demanding that these companies’ CEOs appear before his committee to explain how it is possible that ObamaCare will cost them millions of dollars (in AT&T’s case $1 billion) rather than rain sunshine and unicorns down on their corporations.

    Henry Waxman is not happy with companies that announced ObamaCare writedowns | KimPriestap

    also

    http://dailyradar.com/beltwayblips/story/companies-charges-prompt-a-hearing/

    What the heck..The American people don't need jobs, they need more Government dependence...
     
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    Last edited: Apr 3, 2010
  2. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Try , try again
     
  3. Xenophon
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    Xenophon Gone and forgotten

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    Bad news, those companies don't have to answer to waxman or anyone else in government.
     
  4. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Really...:confused:
     
  5. Xenophon
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    Xenophon Gone and forgotten

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    Yeah really.

    Government over reach is astounding, they think they can quiz and demand anything of anyone.

    Show us the pertinent part of the constitution that says business must answer to government in things not involving taxation or a passed law.
     
  6. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    This is not cut and dried.

    I trust the internal estimates about as much as I trust the government estimates. Both are political statements.
     
  7. Revere
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    Revere BANNED

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    Bullshit. Those numbers correspond to required tax and SEC filings, which must be taken in the fiscal quarter in which the laws are passed.

    Their only crime was complying with the law.
     
  8. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    The numbers are estimates of future costs. They're imaginary numbers.
     
  9. Revere
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    Revere BANNED

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    Wrong. They are accounting charges they will actually take, just like any other charges. Only Congress uses sales of 2 acre lots on the dark side of the moon to score CBO numbers.

    Why are you a sucker for government?
     
  10. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    They are accounting charges that they will take based on future costs.

    Your inability to read is not my problem - as I clearly stated in my post, I don't trust the government numbers either.
     

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