Talk of The Villages Florida - View Single Post - Is "Sooner" Really Going To Be Soon?
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Old 03-30-2010, 08:22 AM
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Now this is disturbing....from today s news...

"Henry Waxman is peeved. He expects corporate America to swallow health-care reform without a peep of protest -- and, apparently, without revealing new costs to shareholders or the Securities and Exchange Commission.

Last week, AT&T announced it will take an immediate $1 billion write-down thanks to a new tax in the health bill that will cause Caterpillar ($100 million) and Deere & Co. ($150 million), among other large employers, to do the same. The benefits consultancy Towers Watson estimates that the change may reduce corporate profits by as much as $14 billion over time.


Now that is just the basis......THIS IS WHAT IS DISTURBING and relates to the previous posts about the "just pass it..dont give a darn what is in it" philosphy...

"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."

http://www.realclearpolitics.com/art...es_104977.html

This is pretty much what folks have been saying is going to happen, and the glee one might find in seeing what they think privately showing up in someones article is overshadowed by the sheer fear of what is happening.