Posted on 03/30/2010 3:39:40 PM PDT by Starman417
Those who have saved for retirement...ie shareholders...take heed. This is coming your way too:
Insurer Prudential Financial Inc. said Monday that it will take a $100 million charge in the first quarter in relation to the recent health care overhaul legislation.The life insurance and annuities provider said in a regulatory filing that it will take the charge against earnings in the first quarter.
Prudential joins a growing list of companies that have said they will take accounting charges because of the health care bills. AT&T said last week it would take a $1 billion charge in the first quarter. AK Steel Corp., 3M Co., Caterpillar Inc., Deere & Co. and Valero Energy have also said they would take smaller charges.
All the while the Obama plan of vilifying capitalism is in full gear:
Democrats clearly plan to blame the private sector for all the downsides of their health plan. In a private lobbying session, President Obama told liberal lawmakers that the bill is only "a beginning." Any increase in costs and premiums -- both of which are inevitable -- will be attributed to corporate malfeasance requiring yet more government intervention.
Read more at floppingaces.net...
Redistribution is theft, not fairness. (Uh-oh, I feel another good bumper-sticker slogan coming on)!
I wonder if diarreah of the mouth or Hair Club for Men is covered?
Biden is a ridiculous imbecile.
Of course they are taking hits. It was intentional with the bill. That is how single payer gets in. Break the backs of the corporations and insurers, until the government has to step in to “solve” the problem.
Square Deal, New Deal, BF Deal.
Biden is getting his a$$ kicked on Yahoo in reference to this latest utterance. No one is really defending him!
Democrat's blame?
No way!
Good one!
hows about RAW DEAL for those of us who worked for over thirty years and now to be screwed in the end...oh yea i know that line of thinking is “so so unfair”...well WGAS!
RAW DEAL works very well.
Bail out of this scam, pay the fine and set up a medical account with your local community hospital.
It’s not fair that when they said “brains,” Biden got on Amtrack.
ML/NJ
I truly hope that when the CEO’s go in to testify before Congress that they realize what the adminstaration intends to do.I hope the Republicans in the comittee know which questions to ask to get out the whys and what fors to make the dems look like the silly donkeys they really are. I really want to see one of the CEO’s ask whichever dem it fits something to the effect of “You’ve never ran a buisness have you?”
Plundering is theft, no matter what the liberal excuse might be.
So where were they before the damned thing passed? They suddenly became financial savants? I’m just angry that they knew this and remained on the sidelines as this atrocity was force fed to us!
They weren’t quite about it but with the MSM not covering anything except what supported ObamaCare how could they get the word out?
Can we redistribute Biden`s mouth?
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