[Attention Surplus Disorder]

Commissar says "Heel!" After all, CAT doesn't know anything about SEC regulations or standard accounting practices; the holy grail of this knowledge is held by the 0bama administration with their massive business experience and knowledge of tax laws and their influence on capitalism.

[EGPWS]

Caterpillar and Deere were accused of being “premature and irresponsible” by U.S. Secretary of Commerce Gary Locke for saying a change to Medicare Part D laws would hurt their earnings in the present quarter.

What are you going to do about it obama, take them over and send the board of directors to the salt mines?

[Free America52]

Oh boy, here we go. Another parade in front of Congress, grilling CEO’s - Americans are going to boil over if the Democrats keep demonizing everyone that speaks out against them.

[pepperdog]

Now that is just funny!

[TheDailyChange]

Can CAT and other huge businesses survive the FASCIST onslaught of the Obama administration?

[JRochelle]

And now we learn that Henry ‘nostrilitis’ Waxman is going to haul these CEO’s in front of his committee to answer for these slanders against ObamaCare.

These are thugs in the White House.

[mlocher]

Caterpillar and Deere were accused of being “premature and irresponsible” by U.S. Secretary of Commerce Gary Locke for saying a change to Medicare Part D laws would hurt their earnings in the present quarter.

I have never read about a company later stating that its write downs were less than originally estimated. On the other hand, I have read where companies had to revise their write off to a higher level. That said, given the pressure Wall Street puts on companies to be profitable, I expect any "correction" to revise the write offs will be upward, not downward.

[machogirl]

Wouldn’t it be criminal to withhold this kind of information from their investors and future investors? Is Barry asking them to “lie by omission”?

[jveritas]

This is beyond insane. Now they want to force companies to lie and hide the disastrous impact of Obamacare on them.

[Jacquerie]

As if National Socialist Healthcare isn’t bad enough, Hussein just appointed a rabid ACLU type to a recess appointment to the NLRB. He will impose card check, which couldn’t get through the most radical Congress in history.

[Jack Hydrazine]

Careful, guys! Bureaucrats from OSHA, IRS, and other alphabet agencies will show up at your door and say, “We’re from the government and we are here to inspect you!”

[hgro]

Criticism from an Obama Chicago mob group that has already spent the country into a bankrupt state we won’t recover from until
we start drilling for oil and gas. Then, we can sell to the Chinese instead of buying from them.

[al_c]

Premature and irresponsible?!!

[Brilliant]

What incentive would they have to understate their earnings? They don’t get a tax deduction for these charges.

[RatsDawg]

CAT and Deere headquarters are located in both around the same area in Illinois, Obama’s own state, its going to hurt the economy big time. I know because I grew up in Knox county Illinois smack dab in the middle of Peoria and Moline, a lot of my friends were employed by either company.

[Slings and Arrows]

[AlanD]

If Caterpillar isn’t careful, Obama and Geitner will take over their company with Stimulus Fund money.

[ClearCase_guy]

What I would like to see is some industry CEOs appear before Congress and to make no serious effort to answer any questions -- just wait for the question to finish, and then launch into short speeches about the damage that government does to the livelihood of working Americans. Over and over and over again.

Insurance executive, tobacco executives, equipment executives. They should all just go on the attack and not give an inch.

But we all live in fear of our government, don't we?