Posted on 03/27/2010 4:44:27 PM PDT by Mount Athos
This past week several big companies, including Caterpillar, Verizon, and AT&T, announced that ObamaCare would cost them millions of dollars this year. To pay for it they variously suggested layoffs and benefits reductions. Analysts suggest that the total first-quarter hit to S&P 500 firms will be $4.5 billion.
Well, Democrats can't stand to have their precious economy-destroying healthcare program criticized in its very first week, so they've announced an "investigation" into the claims. Late yesterday, the House Subcommittee on Oversight and Investigation sent letters to the CEOs of AT&T, Caterpillar, Deere & Co, and Verizon asking them to appear for a hearing on their claims. In the letters, Waxman and Stupak ask for company documents including accounting analyses and the internal emails of all "senior company officials" related to the projected costs of ObamaCare. How serious are they? The letter actually defines "senior company officials."
Power Line has a copy of one of the letters.
Not content with their victory, Democrats won't rest until they've beaten down anyone who points out the devastation caused by their anti-prosperity policies. This will be as much of an "investigation" as the Democrats' demonization of oil company CEOs last summer or Toyota execs more recently.
There will be a dozen ethics investigations of these thugs if the Republicans win the House.
“UnFrickinReal! I suppose this now means the takeover of Caterpillar, Verizon, and AT&T is just around the corner.”
Shouldn’t it read, “UnBidenReal”? LOL!
These are inverse consequences (rather than just unintended consequences).
Maybe it’s a Wile E.Coyote plan?
Bammy and the Unions that OWN him are THUGS and do THUGGISH things like this.
Mark
Refer to it as a, "Fedlaw FUBAR"
"FedFunded FUBAR"?
It is up to you How to spend your money.
Personally I Cut my Spending by 10% and burying the extra in the “back yard”. I used Cash. My credit cards are used only in case of emergency.
I only know if enough people cut their spending by 10%
and let their local, state and federal governments as to WHY we are cutting our spending and demand that they cut theirs.
We are in Financial Dire Strait. The fastest way out, Free Market.
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