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ATT Verizon Deere Caterpillar Suffer Bloody Billion Dollar - Deadly Obamacare Kills Business,Jobs
Atlas Shrugs ^ | March 26, 2010 | Pamela Geller

Posted on 03/27/2010 2:03:24 PM PDT by opentalk

You think Obama has been a nightmare? You ain't seen nothing yet. That was just the previews.

Have you seen the commercials yet for people who have maxed out their credit cards, have loans over ten thousand that they can't pay back, urging them to apply for stimulus dollars? It's enough to make you puke. For those who played by the rules, worked hard, did the right thing -- you're screwed, the man has you and your wallet and your kids' wallet by the throat. Welcome to the era of the degenerate -- they will be sucking your blood and your children's blood and your children's children's blood for decades to come, or however long America lasts.

American business, the motor of the global economy, was dealt a deathblow by the marxist putsch delivered by the Demo-rat party. The numbers are staggering. AT&T, the largest telephone company in the country, will take a one billion dollar hit in the current quarter as a result of this economic attack on America.

Verizon Communications, the second biggest U.S. phone company, told employees that tax burdens under the new law would likely filter down to employees.

Other companies that announced health care reform related charges include Deere, a maker of farm equipment, which sees a US$150-million charge for its current quarter, and Caterpillar, which warned of a US $100-million charge.

Who do you think will pay for this? We will pay. Business is not something in the abstract, or the evil force the leftists and the communists deceptively smear it to be -- business is work, business is people, it is jobs, it is production. When business pays, we pay. Jobs pay. Consumers pay.

Notice how Obama bad news always drops on Friday nights. You won't be able to keep the reality and the consequences of Obama rule.

Why wasn't this made public before the vote?

AT&T will take $1B non-cash charge for health care, Forbes

AT&T Inc. will take a $1 billion non-cash accounting charge in the first quarter because of the health care overhaul and may cut benefits it offers to current and retired workers.

The charge is the largest disclosed so far. Earlier this week, AK Steel Corp., Caterpillar Inc., Deere & Co. and Valero Energy announced similar accounting charges, saying the health care law that President Barack Obama signed Tuesday will raise their expenses. On Friday, 3M Co. said it will also take a charge of $85 million to $90 million.

..White House spokesman Robert Gibbs said Thursday that the tax law closed a loophole.

.. Analysts say retirees could lose the prescription drug coverage provided by their former employers as a result of the overhaul.



TOPICS: Government; Health/Medicine
KEYWORDS: jobloss; marxism; obama; obamacare; pelosi; reid; unemployment
full article at link here
1 posted on 03/27/2010 2:03:25 PM PDT by opentalk
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To: opentalk

Vote every one of them out in November. That is your job. Only replace with Conservatives.


2 posted on 03/27/2010 2:04:55 PM PDT by gathersnomoss (General George Patton had it right.)
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To: opentalk

We really should start calling this bill

HEALTH CARE TAKEOVER!

It is NOT health care reform.


3 posted on 03/27/2010 2:07:52 PM PDT by sodpoodle (Despair - Man's surrender. Laughter - God's redemption.)
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To: opentalk

Looting the sinking ship


4 posted on 03/27/2010 2:08:41 PM PDT by GeronL (All politicians are POS. Some are just piled higher and smell worse.)
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To: opentalk

5 posted on 03/27/2010 2:13:53 PM PDT by GloriaJane (Pro-Choice = Pro-Death........ Pro-Life = Pro-LIFE!)
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To: sodpoodle

Killing of the American dream and capitalism.


6 posted on 03/27/2010 2:16:38 PM PDT by opentalk
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To: GloriaJane

funny probably 90 percent voted for him. How u like me now


7 posted on 03/27/2010 2:17:07 PM PDT by truthbetold11 (truthbetold11)
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To: opentalk

This is going to end very badly for the Rats and they are getting the idea big time.


8 posted on 03/27/2010 2:18:23 PM PDT by Cheetahcat (Zero the Wright kind of Racist! We are in a state of War with Democrats)
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To: opentalk

It is funny. When gov was told that if they did not bail out the failing US auto makers, calculations on the job losses were made available by the MSM, experts and auto execs before Congress even voted. Obamacare will cost jobs and no corporation made a peep until after it passes. Gee wiz!!!!??????? Makes you wonder what the PTB (powers to be ie our ruling elites) really wants??


9 posted on 03/27/2010 2:22:50 PM PDT by Fee (Peace, prosperity, jobs and common sense)
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To: Fee

Caterpillar was trying to tell them.


10 posted on 03/27/2010 2:33:12 PM PDT by opentalk
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But they are taking from those rich fat cats, right?

Oh wait....my 401(k) has some investments in ATT, Caterpillar, etc.

But, but, but....I am not rich!

//sarcasm off


11 posted on 03/27/2010 2:33:18 PM PDT by Vermont Lt (This nation, of the people, by the people, and for the people has perished from the land.)
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To: Vermont Lt
from article:

White House spokesman Robert Gibbs said Thursday that the tax law closed a loophole.

Seems very calculating. Rush keeps talking about how they want you to be poor and in debt. Then you have no power but to rely on them.

12 posted on 03/27/2010 2:36:15 PM PDT by opentalk
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To: opentalk
What will result from this Marxist move is a huge rapid growth in the Black Market. I feel like an idiot myself. Was living under the radar legitimately for about 4-6 years not even filing taxes. You do not even have to file if you income is below a threshold. Then got back on my feet (first business had failed) started a new business and began filing and paying taxes again. Reporting all my income. While I was doing this, friends and business associates wondered why the heck I was reporting the income ? One of the guys basically laughing at me happens to work as a Parole Officer here in So Cal. He has never reported any of his external income. So now I sit here feeling like an idiot. They were right. Why was I following the Feds stupid rules ? At any rate, the Feds are going after my market now with proposed legislation and everything I do will eventually come under strict licensing control. When that happens, I will be doing the smart thing this time. Going back underground.
13 posted on 03/27/2010 4:33:45 PM PDT by justa-hairyape
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To: opentalk


BAMMY-WHAMMY


.
14 posted on 03/27/2010 5:18:59 PM PDT by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: opentalk
Congressional Socialists

the House Progressive Caucus (now the Congressional Progressive Caucus) was helped to organize by the Democratic Socialists of America, the U.S. affiliate of the newly-out-of-the-Marxist-closet Socialist International.

15 posted on 03/27/2010 5:35:40 PM PDT by opentalk
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