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How Dare They Speak Out!!!

mudwhistle

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If you have a business in America it looks like you don't need to borrow money from this corrupt government for them to try to intimidate you and make you bow to their will. This is the state of this country. How quickly we have degenerated right before our eyes. :eek:Witness the upcoming inquisition that Rep Henry Waxman is about to convene in a few weeks:

Now, Waxman is targeting the heads of Deere, Caterpillar, Verizon and AT&T with “invitations” they can’t refuse to testify at an April 21 hearing on their public statements regarding Demcare-caused writedowns. Waxman’s fishing expedition letters sent out last week “asked” the company heads to produce copious documentation.

Business execs are damned if they do disclose how the costs of the new federal health care taxes will hit their bottom line and damned if they don’t. If they stay silent, they’ll be violating Securities and Exchange Commission disclosure requirements passed by Congress after the Enron scandal. If they talk, they’ll be paraded in front of the camera like those poor tobacco heads Waxman waxed more than 15 years ago.

Who’s next? On Monday, Prudential said it would take a $100 million charge in the first quarter thanks to Demcare. In Colorado, the Steamboat Ski and Resort Corp. said the health care law will cost $2 million a year starting in 2014. AK Steel Corp., 3M and Valero Energy have all announced similar writedowns. At this rate, if Waxman insists on hauling up every last truth-teller in the marketplace, he’ll be holding an inquisition-a-thon a day.
Michelle Malkin
 
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Waxman likes to behave like the judges in Germany's people's courts during the Nazi years. He likes to berate people and prevent their responses.

These guys get big paychecks. This is part of the paycheck, being forced to look the fool by a clown.
 

American Horse

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If you have a business in America it looks like you don't need to borrow money from this corrupt government for them to try to intimidate you and make you bow to their will. This is the state of this country. How quickly we have degenerated right before our eyes. :eek:Witness the upcoming inquisition that Rep Henry Waxman is about to convene in a few weeks:

Now, Waxman is targeting the heads of Deere, Caterpillar, Verizon and AT&T with “invitations” they can’t refuse to testify at an April 21 hearing on their public statements regarding Demcare-caused writedowns. Waxman’s fishing expedition letters sent out last week “asked” the company heads to produce copious documentation.

Business execs are damned if they do disclose how the costs of the new federal health care taxes will hit their bottom line and damned if they don’t. If they stay silent, they’ll be violating Securities and Exchange Commission disclosure requirements passed by Congress after the Enron scandal. If they talk, they’ll be paraded in front of the camera like those poor tobacco heads Waxman waxed more than 15 years ago.

Who’s next? On Monday, Prudential said it would take a $100 million charge in the first quarter thanks to Demcare. In Colorado, the Steamboat Ski and Resort Corp. said the health care law will cost $2 million a year starting in 2014. AK Steel Corp., 3M and Valero Energy have all announced similar writedowns. At this rate, if Waxman insists on hauling up every last truth-teller in the marketplace, he’ll be holding an inquisition-a-thon a day.
Michelle Malkin
They will have their chance to push back and make news doing it in committee and before C-Span cameras. I hope they take the opportunity to do it. If they conferred beforehand, they'd be found guilty of collusion and face dear legislative penalties.
 

midcan5

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LOL - too funny, the people making millions are crying because a loophole was closed. How sad that is. Ask Verizon and ATT how their outsourcing of American workers is doing while you are at. Sad that their obligations are not covered by the enormous profits. Don't cry for me ... does Michelle only cry for the rich?

AT&T sees $1 billion write-down tied to health law - MarketWatch

"Under the old law, companies received a federal subsidy worth up $1,330 per retiree if they provided former workers with drug-care benefits. At the same time, however, companies could deduct the value of the subsidy from their taxable income. See blog on whether the new health care law already is hurting business

White House spokesman Robert Gibbs on Thursday said the government merely eliminated a tax loophole that effectively allowed a company to benefit twice from one law."

and what about normal write downs? Did Michelle whine then too?

TECHNOLOGY - TECHNOLOGY - Verizon May Write Down Big Fiber Optic Investment - NYTimes.com
 

Skull Pilot

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LOL - too funny, the people making millions are crying because a loophole was closed. How sad that is. Ask Verizon and ATT how their outsourcing of American workers is doing while you are at. Sad that their obligations are not covered by the enormous profits. Don't cry for me ... does Michelle only cry for the rich?

AT&T sees $1 billion write-down tied to health law - MarketWatch

"Under the old law, companies received a federal subsidy worth up $1,330 per retiree if they provided former workers with drug-care benefits. At the same time, however, companies could deduct the value of the subsidy from their taxable income. See blog on whether the new health care law already is hurting business

White House spokesman Robert Gibbs on Thursday said the government merely eliminated a tax loophole that effectively allowed a company to benefit twice from one law."

and what about normal write downs? Did Michelle whine then too?

TECHNOLOGY - TECHNOLOGY - Verizon May Write Down Big Fiber Optic Investment - NYTimes.com

Excuse me AT&T etc did nothing that report that the law change would cost them money as they are required by law to do.

It is the fucking idiots in Washington that are whining "How dare they" when it is shown that Obama care won't save money.

No matter how you spin it, the government will end up paying more for their anti business shortsightedness.

Personally, I don't think the subsidy should ever have been given.

Any company that gets in bed with the fucking government deserves to be raped.
 
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LOL - too funny, the people making millions are crying because a loophole was closed. How sad that is. Ask Verizon and ATT how their outsourcing of American workers is doing while you are at. Sad that their obligations are not covered by the enormous profits. Don't cry for me ... does Michelle only cry for the rich?

AT&T sees $1 billion write-down tied to health law - MarketWatch

"Under the old law, companies received a federal subsidy worth up $1,330 per retiree if they provided former workers with drug-care benefits. At the same time, however, companies could deduct the value of the subsidy from their taxable income. See blog on whether the new health care law already is hurting business

White House spokesman Robert Gibbs on Thursday said the government merely eliminated a tax loophole that effectively allowed a company to benefit twice from one law."

and what about normal write downs? Did Michelle whine then too?

TECHNOLOGY - TECHNOLOGY - Verizon May Write Down Big Fiber Optic Investment - NYTimes.com


See? There's no hope for these people...

They've absolutely no means to recognize that the 'outsourcing' is a direct result of LEFTIST REGULATION which HEAPED ON THE EXPENSE OF USING US WORKERS... and that this Healthscare catastrophe is only GOING TO MAKE IT WORSE. Much, MUCH WORSE!
 

saveliberty

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LOL - too funny, the people making millions are crying because a loophole was closed. How sad that is. Ask Verizon and ATT how their outsourcing of American workers is doing while you are at. Sad that their obligations are not covered by the enormous profits. Don't cry for me ... does Michelle only cry for the rich?

AT&T sees $1 billion write-down tied to health law - MarketWatch

"Under the old law, companies received a federal subsidy worth up $1,330 per retiree if they provided former workers with drug-care benefits. At the same time, however, companies could deduct the value of the subsidy from their taxable income. See blog on whether the new health care law already is hurting business

White House spokesman Robert Gibbs on Thursday said the government merely eliminated a tax loophole that effectively allowed a company to benefit twice from one law."

and what about normal write downs? Did Michelle whine then too?

TECHNOLOGY - TECHNOLOGY - Verizon May Write Down Big Fiber Optic Investment - NYTimes.com

AT&T isn't crying, they are making a financial decision. Waxman is the one whining about making his health care plan look bad. Government policy has consequences. So does passing legislation that you didn't read beforehand.
 

Claudette

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Yes.

Waxman is the one who wanted these hearings and I think he's going to be the one ends up looking foolish.

I could be wrong but I think all these companies will end up dumping the retirees on Medicare D.

Companies have shareholders. The Govt does not.

OOPS there goes the CBO projections.

I think this will be a very interesting watch on C-Span.
 
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Zoom-boing

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Do these companies have to go before congress? What would happen if they just faxed the financial info to Mr. Ratman and skipped the trip?
 

WillowTree

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Americans have very long memories. With the exception of the kool aid impaired that is.
 

saveliberty

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Do these companies have to go before congress? What would happen if they just faxed the financial info to Mr. Ratman and skipped the trip?

I don't think they are required to disclose that information except on their tax form. At this point they can ignore the invite and just fax pics of their butts on the copy machine.
 

xotoxi

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This is where Waxman lives.

madame_tussaud_amsterdam.jpg
 

eagleseven

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LOL - too funny, the people making millions are crying because a loophole was closed. How sad that is. Ask Verizon and ATT how their outsourcing of American workers is doing while you are at
I wouldn't be surprised if, by the end of Obama's term, both companies have 100% foreign workforces.

485212014_a9ffaac14b.jpg
 
OP
mudwhistle

mudwhistle

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LOL - too funny, the people making millions are crying because a loophole was closed. How sad that is. Ask Verizon and ATT how their outsourcing of American workers is doing while you are at. Sad that their obligations are not covered by the enormous profits. Don't cry for me ... does Michelle only cry for the rich?

AT&T sees $1 billion write-down tied to health law - MarketWatch

"Under the old law, companies received a federal subsidy worth up $1,330 per retiree if they provided former workers with drug-care benefits. At the same time, however, companies could deduct the value of the subsidy from their taxable income. See blog on whether the new health care law already is hurting business

White House spokesman Robert Gibbs on Thursday said the government merely eliminated a tax loophole that effectively allowed a company to benefit twice from one law."

and what about normal write downs? Did Michelle whine then too?

TECHNOLOGY - TECHNOLOGY - Verizon May Write Down Big Fiber Optic Investment - NYTimes.com

Expect the same treatment in your own taxes real soon.

It's easier to eliminate deductions then it is to make a new tax. So you can not only count on them closing numerous loop-holes to large companies causing layoffs and firings, but this will soon effect you personally when they start looking for ways to pay off their massive binge spending. Pretty soon you will be beholding to Uncle Sugar and wondering how you're gonna make ends meet.....and thus you will have fallen into the trap. You'll have to vote for them because those Repugs will want to cut benefits to pay off the deficit.

It's pretty cut and dried.
 

editec

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Do these companies have to go before congress? What would happen if they just faxed the financial info to Mr. Ratman and skipped the trip?

I think that people can be found in contempt of congress if they refuse to appear.

Congressional rules empower all its standing committees with the authority to compel witnesses to produce testimony and documents for subjects under its jurisdiction. Committee rules may provide for the full Committee to issue a subpoena, or permit subcommittees or the Chairman (acting alone or with the ranking member) to issue subpoenas.
 
OP
mudwhistle

mudwhistle

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LOL - too funny, the people making millions are crying because a loophole was closed. How sad that is. Ask Verizon and ATT how their outsourcing of American workers is doing while you are at. Sad that their obligations are not covered by the enormous profits. Don't cry for me ... does Michelle only cry for the rich?

AT&T sees $1 billion write-down tied to health law - MarketWatch

"Under the old law, companies received a federal subsidy worth up $1,330 per retiree if they provided former workers with drug-care benefits. At the same time, however, companies could deduct the value of the subsidy from their taxable income. See blog on whether the new health care law already is hurting business

White House spokesman Robert Gibbs on Thursday said the government merely eliminated a tax loophole that effectively allowed a company to benefit twice from one law."

and what about normal write downs? Did Michelle whine then too?

TECHNOLOGY - TECHNOLOGY - Verizon May Write Down Big Fiber Optic Investment - NYTimes.com

Excuse me AT&T etc did nothing that report that the law change would cost them money as they are required by law to do.

It is the fucking idiots in Washington that are whining "How dare they" when it is shown that Obama care won't save money.

No matter how you spin it, the government will end up paying more for their anti business shortsightedness.

Personally, I don't think the subsidy should ever have been given.

Any company that gets in bed with the fucking government deserves to be raped.

Nowadays that may be true.

Anyone who is stupid enough to trust these assholes deserves whatever they get.

But I remember a time when that wasn't always the case.

Unfortunately nobody trusts our government. We don't, our friends and allies don't, and our enemies don't. It's really just a friggen joke what this country has become. Nothing is as it seems.

Because of this pervasive feeling which is quickly becoming universal...I believe it will cause some serious consequences down the road.
 

CrusaderFrank

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LOL - too funny, the people making millions are crying because a loophole was closed. How sad that is. Ask Verizon and ATT how their outsourcing of American workers is doing while you are at. Sad that their obligations are not covered by the enormous profits. Don't cry for me ... does Michelle only cry for the rich?

AT&T sees $1 billion write-down tied to health law - MarketWatch

"Under the old law, companies received a federal subsidy worth up $1,330 per retiree if they provided former workers with drug-care benefits. At the same time, however, companies could deduct the value of the subsidy from their taxable income. See blog on whether the new health care law already is hurting business

White House spokesman Robert Gibbs on Thursday said the government merely eliminated a tax loophole that effectively allowed a company to benefit twice from one law."

and what about normal write downs? Did Michelle whine then too?

TECHNOLOGY - TECHNOLOGY - Verizon May Write Down Big Fiber Optic Investment - NYTimes.com

Have you ever worked at a real job in your life? Has anyone in your family ever been employed in the private sector?
 

CrusaderFrank

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These companies do a lot of business with the Gubbamint so they are loathe so embarrass Waxman; they should, but they won't
 

The T

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LOL - too funny, the people making millions are crying because a loophole was closed. How sad that is. Ask Verizon and ATT how their outsourcing of American workers is doing while you are at. Sad that their obligations are not covered by the enormous profits. Don't cry for me ... does Michelle only cry for the rich?

AT&T sees $1 billion write-down tied to health law - MarketWatch

"Under the old law, companies received a federal subsidy worth up $1,330 per retiree if they provided former workers with drug-care benefits. At the same time, however, companies could deduct the value of the subsidy from their taxable income. See blog on whether the new health care law already is hurting business

White House spokesman Robert Gibbs on Thursday said the government merely eliminated a tax loophole that effectively allowed a company to benefit twice from one law."

and what about normal write downs? Did Michelle whine then too?

TECHNOLOGY - TECHNOLOGY - Verizon May Write Down Big Fiber Optic Investment - NYTimes.com

Expect the same treatment in your own taxes real soon.

It's easier to eliminate deductions then it is to make a new tax. So you can not only count on them closing numerous loop-holes to large companies causing layoffs and firings, but this will soon effect you personally when they start looking for ways to pay off their massive binge spending. Pretty soon you will be beholding to Uncle Sugar and wondering how you're gonna make ends meet.....and thus you will have fallen into the trap. You'll have to vote for them because those Repugs will want to cut benefits to pay off the deficit.

It's pretty cut and dried.


On the mark. They'll pretty much succeed in squeezing companies dry to the point that they will downsize or even fold their tents. More unemployment will ensue. And after that they'll come after individuals next that do pay taxes.

The scheme targets people period for control, and for enslavement purposes unto the State. That is the Goal.
 

saveliberty

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On the mark. They'll pretty much succeed in squeezing companies dry to the point that they will downsize or even fold their tents. More unemployment will ensue. And after that they'll come after individuals next that do pay taxes.

The scheme targets people period for control, and for enslavement purposes unto the State. That is the Goal.

Maybe not the goal, but a definite consequence of the process.
 

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