http://www.powerlineblog.com/archives/2010/03/025940.php
WOW! Thanks for posting. Hooray powerline!
Impeach Barack Obama. Members of The Democrat Crime Syndicate need to be investigated/incarcerated.
Who will protect us from our protectors?
I guess we can safely assume Obama’s next speech will include some lines about greedy corporations trying to duck their responsibilities.
Too bad the democrats have none.
I think we’ve seen this before:
Like the Pharos, Emperors or Rome knew or convinced themselves that they were equally as powerful as the god and therefore one of them among the mortals. Caligula was known for promiscuity, incest, cross-dressing, and over the top orgies. In the miniscule four year term he served he officially declared himself a god. Soon after he took the charade to another level. To prove both his power and stature, Caligula waged war on Poseidon, God of the Sea. Pretty much Caligula marched his army to the beach complete with battle cries and determination, went further out onto a pier, and ordered his men to toss their spears and other weaponry at the water.
SEC and FASB regulations require companies to write down their losses. It’s the law. The companies are not playing games here.
Black-letter financial accounting rules require that corporations immediately restate their earnings to reflect the present value of their long-term health liabilities, including a higher tax burden. Should these companies have played chicken with the Securities and Exchange Commission to avoid this politically inconvenient reality? Democrats don't like what their bill is doing in the real world, so they now want to intimidate CEOs into keeping quiet....The Democratic political calculation with ObamaCare is the proverbial boiling frog: Gradually introduce a health-care entitlement by hiding the true costs, hook the middle class on new subsidies until they become unrepealable, but try to delay the adverse consequences and major new tax hikes so voters don't make the connection between their policy and the economic wreckage. But their bill was such a shoddy, jerry-rigged piece of work that the damage is coming sooner than even some critics expected.
Who you going to believe? CEOs and CFOs running their corporations in accordance with required accounting rules and SEC regulations? Or slimy Dem Senators and Representatives who say the "law was designed to bring costs down"? The incompetent Dems clearly shot themselves in the foot with a stinker of a bill that nobody read, much less understood. Most people in politics, especially Dems, have no real-world experience upon which to predict the outcomes of their laws.
Just once I’d like to see these CEOs head up to Capitol Hill prepared to go on the offense and take Congress to task for overregulating and screwing up every industry in the country.
Toyota execs should have pointed out that Congress has killed more people with their CAFE standards than were killed with defective vehicles. Oil execs should point out that it is in fact regulations of the Congress & EPA causing the high price of oil.
When Congressional members were chewing out the auto executives for using private planes, the execs should have pointed that every member of Congress is entitled to lease a car of his or her choice, plus gas, and then read off the list of the makes and models that our elected officials have chosen for themselves at taxpayer expense.
Instead what we get is these arrogant Congressional buffoons pontificating and these CEOs looking as if they’ve been called to the principal’s office. It makes me think some of these CEOs are indeed making too much if they can’t defend their industries and companies when it counts. The best way to stop these bullies is to stand up to them. And we’ve all seen just how thin-skinned these members of Congress are when confronted.
I looked at the letter from Henry "The Nose" Waxman, also signed by Bart Baby killer Stupak, along with all documentation and accounting they are demanding they submit.
AT&T, Caterpillar, Deere & Co, and Verizon should tell Henry and Bart to stick it and that they are not going to show and the only documentation they would submit is old toilet paper.
“Well, Democrats can’t stand to have their precious economy-destroying healthcare program criticized in its very first week,......”
You got to remember what is their, Progress Socialist, “End Game”.
PUPLIC HEALTH CARE SYSTEM
After all the finger pointing, the Progress Socialist will say, “see, if you had PUPLIC HEALTH CARE SYSTEM” You “Companies” would not have to take loses or lay people off. But they, Progress Socialist, will hide the fact that corporate taxes will go throw the roof and more “companies” will move “off Shore”.
The corporations are as yellow bellied as the Repbulicans.
I wish Perry would send the AT&T officers with a TX Natioanal Guard escort.
The fact is the executives of these companies can just ignore the frickin’ letters, and if I was in charge that is exactly what I would do. I hope they all tell the dimwits to stick it up their collective a**es.
This is all about bullying the companies into submission. Nothing more and nothing less.
Dear DemonRat Congressman/Senator,
F you very much.
Yours sincerely, yadda yadda yadda.....