Lumpy 1
Diamond Member
- Jun 19, 2009
- 42,977
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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.
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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...
---------------------------------
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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