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The Empire Strikes Back
Power Line ^ | 3/27/2010 | John Hinderacker

Posted on 03/27/2010 2:43:45 PM PDT by tsmith130

We wrote here about the consequences of Obamacare that are beginning to be felt, even before its provisions are implemented: Caterpillar said Obamacare will cost it an additional $100 million in the first year; Medtronic warned that the new tax on its products "could force it to lay off a thousand workers;" Verizon told its employees that it "will likely have to cut healthcare benefits to offset the new costs;" and AT&T announced that it will record a $1 billion non-cash expense in the first quarter and "will be evaluating prospective changes to the active and retiree health care benefits offered by the company."

These announcements are the tip of the iceberg; hundreds like them will follow as Obamacare becomes a reality. Congressional Democrats, evidently stung by the bad publicity, are trying to strike back. A reader writes:


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: healthcare; lping; obamacare
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"Good post on the true cost of ObamaCare. But it gets better: the Dems are now shaking down CEOs who don't get with the program. In the attached letter, Henry Waxman not only orders the CEOs of AT&T, Caterpillar, Deere & Co, and Verizon to testify before the Energy and Commerce Committee, but also to produce internal analyses and emails related to their statements. They don't expressly subpoena the CEOs, so we can hope that they tell the Dems to GFY, though somehow I doubt that will happen.

"The Dems sent these letters to the Republicans on the committee after 6pm tonight with no advance notice or prior cooperation."

1 posted on 03/27/2010 2:43:45 PM PDT by tsmith130
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To: tsmith130

Click on the Power Line link to see copies of the letters.


2 posted on 03/27/2010 2:44:07 PM PDT by tsmith130
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To: tsmith130

All according to plan: this has never been about health care; it IS about destroying America.


3 posted on 03/27/2010 2:49:19 PM PDT by Jerrybob
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To: tsmith130

I still can’t wait to see the DUmmie tears flow when their rents go up to cover the Medicare tax on rental income. Or they see those big chunks of the their checks vanish into that “long term care” thing.


4 posted on 03/27/2010 2:52:02 PM PDT by GeronL (All politicians are POS. Some are just piled higher and smell worse.)
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To: tsmith130
" Henry Waxman>

Does anyone know what is up with that ugly nose of his? To much coke or a birth defect? Either way he can kiss my a@@. Well maybe not. He is probably not sanitary enough to do so.

5 posted on 03/27/2010 2:53:02 PM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: tsmith130
As the Wall Street Journal put it so aptly today...

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.

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"?

6 posted on 03/27/2010 2:53:58 PM PDT by ProtectOurFreedom
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To: tsmith130

Well, I read the letter, and I could not say it “orders” them to appear. The letter uses the word, “request”, although the effect may be similar.


7 posted on 03/27/2010 2:54:21 PM PDT by mtrott
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To: tsmith130

The Republicans will not have to worry about repealing “Obamacare”. “Obamacare” will kill itself and take Obama and the entire Democrat Party with it. Once the American people see third world medical care at top dollar prices, unemployment rising, doctors leaving their practice and companies taking away health care benefits and the overall USA economy tanking big time. Obama and his communist Democrat Party will be toast. Actually, Obama and his Democrat lock-steppers that hate America, are not rising in the polls. Just do an overall check and you will see the true facts. Obama is living in a failed Presidency, the fool just does not know it!!!


8 posted on 03/27/2010 2:54:41 PM PDT by JLAGRAYFOX
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To: tsmith130

How do we deny that we are socialist already? The fundamental
transformation has taken place. The only thing to wonder about
is just how our new overlords will frustrate the election process.


9 posted on 03/27/2010 2:55:51 PM PDT by JimSEA
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To: tsmith130
I meant to include the closing paragraph, too. It's a winner!

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.

They shot themselves in the foot with a stinker of a bill that nobody read. Or as the Queen Bee said, "you have to pass it before reading it."

10 posted on 03/27/2010 2:56:37 PM PDT by ProtectOurFreedom
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To: tsmith130
Hadn't heard about the Medtronics one. Here's a link to their news release.

That one hits closer to home, as my son uses a Medtronix insulin pump.

11 posted on 03/27/2010 2:57:15 PM PDT by r9etb
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To: tsmith130

So much for avoiding a double-dip recession...


12 posted on 03/27/2010 2:57:54 PM PDT by LibFreeOrDie (Obama promised a gold mine, but will give us the shaft.)
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To: tsmith130
ne of their priorities is to "ensure there are no unintended consequences"

Now how does one legislate that! There will be no unintended consequence or the beatings will continue!

13 posted on 03/27/2010 2:58:58 PM PDT by neodad (USS Vincennes (CG 49) "Freedom's Fortress")
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To: r9etb

I think 3M posted their losses yesterday too. Wonder how they dodged the ‘request to appear’ letter? Maybe they haven’t and we just don’t know about it yet.


14 posted on 03/27/2010 3:00:43 PM PDT by tsmith130
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To: tsmith130

15 posted on 03/27/2010 3:01:19 PM PDT by jessduntno (B. Hussein Obama...I look at him and think, in the words of Biden, "Big F***ing deal.")
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To: tsmith130

The reason they have to pay money is that they’re losing their subsidy... we need to get away from employer based health insurance...


16 posted on 03/27/2010 3:02:48 PM PDT by bahblahbah
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To: bamahead; Arthur Wildfire! March; sickoflibs; rabscuttle385

ping


17 posted on 03/27/2010 3:07:52 PM PDT by metmom (Welfare was never meant to be a career choice.)
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To: bahblahbah

“We”?


18 posted on 03/27/2010 3:08:46 PM PDT by APFel (Regnum Nostrum Crescit)
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To: JLAGRAYFOX

I hope you’re right but fear that it may be expecting a lot from your average obot.....


19 posted on 03/27/2010 3:09:22 PM PDT by metmom (Welfare was never meant to be a career choice.)
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To: bahblahbah
The reason they have to pay money is that they’re losing their subsidy... we need to get away from employer based health insurance...

Don't worry...we're about to.

20 posted on 03/27/2010 3:09:52 PM PDT by tsmith130
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To: tsmith130

As publicly traded corporations they are obliged to file accounting charges whenever something happens that effects their revenues now and in the future.


21 posted on 03/27/2010 3:09:57 PM PDT by AU72
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To: ProtectOurFreedom
Or as the Queen Bee said, "you have to pass it before reading it."

She said we had to pass it so we could know what was in it.
22 posted on 03/27/2010 3:10:21 PM PDT by aruanan
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To: tsmith130
What these companies should do is print out the breakdown the new costs of the Orwellian Obamacare right in the paycheck deductions area. It would go like this

PreTax deductions

  Health plan      200.00

    (+80.00 for Obamacare over 2010)

That way people would see every month what the leftists have done to them every 2 weeks!

23 posted on 03/27/2010 3:14:34 PM PDT by WMarshal (Where is the next Sam Adams?)
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To: tsmith130
I think 3M posted their losses yesterday too. Wonder how they dodged the ‘request to appear’ letter? Maybe they haven’t and we just don’t know about it yet.

What are the dems going to do? Jail and fine everybody? If people and corporations comply, it gives the government teeth. If everyone refuses to co-operate, what are they going to do? They can't jail everyone and if push really comes to shove, they're going to find out there's more of us than there are of them.

I'd love it if 3M just told Big Brother to stuff it.

24 posted on 03/27/2010 3:15:06 PM PDT by metmom (Welfare was never meant to be a career choice.)
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To: blackbart.223

Waxman is a commie schmuck with ear flaps.


25 posted on 03/27/2010 3:17:26 PM PDT by oldtimer
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To: tsmith130

The Empire Strikes Back when America goes to the polls on November 2.


26 posted on 03/27/2010 3:18:16 PM PDT by DarthVader (Liberalism is the politics of EVIL whose time of judgment has come. Judgment Day: Nov 2, 2010)
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To: metmom
I was appalled and extraordinarily offended when I read the Waxman demand, especially without giving the Republicans any advance notice of it. This is government tyranny.
One of the things that has been remarkable about the Obamacare debacle is how uniformly rude and ill-informed and inarticulate the entire Democratic party is...from Biden to Waxman to Reid to Pelosi to Obama. They say off-topic remarks at serious times. They have no real grasp of conceptual thinking. They do not have any real understanding of the details of the plan, including numbers. They lie. I think one of the reasons that women are so upset is the audacity of the lies.
I am by no means a great intellect, but I would expect that the people who have been elected to Congress to be of equal or superior intellect to myself. However, the Democrats seem to have come from the below average scale of American intelligence....each and every one of them.
27 posted on 03/27/2010 3:22:01 PM PDT by madinmadtown
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To: blackbart.223
Does anyone know what is up with that ugly nose of his? To much coke or a birth defect? Either way he can kiss my a@@. Well maybe not. He is probably not sanitary enough to do so.

Every time I see Waxman I am reminded that politics is the ugly man's Hollywood! LOL

I tell ya, this fella has got to be a political cartoonists dream! Then again, I don't see how you can exaggerate those features anymore.
28 posted on 03/27/2010 3:23:55 PM PDT by ATX 1985 (Time is Breath, Breath is Light, Light is Life)
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To: aruanan

True, but a distinction without a difference, no?


29 posted on 03/27/2010 3:26:40 PM PDT by ProtectOurFreedom
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To: All

This is just plain scary. And sadly most people won’t know this ‘cause the state “press” won’t report it. I can’t stomach to watch cnn, etc to see. And then there are those who believe socialism is wonderful. It’s going to be Christmas every day! Sharpton was right. They knew what they were voting for.


30 posted on 03/27/2010 3:33:05 PM PDT by Terry Mross ("God, please send Pat Leahy to Murtha's house.")
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To: madinmadtown

Did you say inarticulate? Not Obama. Just ask Biden. And he’s clean, too!


31 posted on 03/27/2010 3:34:39 PM PDT by Terry Mross ("God, please send Pat Leahy to Murtha's house.")
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To: ATX 1985
"I tell ya, this fella has got to be a political cartoonists dream! Then again, I don't see how you can exaggerate those features anymore."

Waxman is a walking joke. He defines ugly in more ways than one.

32 posted on 03/27/2010 3:38:48 PM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: oldtimer
"Waxman is a commie schmuck with ear flaps."

Not to mention the nose of a pig.

33 posted on 03/27/2010 3:40:49 PM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: oldtimer

You mean the vertically challenged, pig faced, poison dwarf, with nostrils you can drive a bus through? Geez, his nose hairs look more like curb feelers..


34 posted on 03/27/2010 3:42:32 PM PDT by sheik yerbouty ( Make America and the world a jihad free zone!)
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To: Jerrybob

“about destroying America”

Once the companies with high paying jobs go under, just think: Economic justice will be achieved. Americans won’t be rich anyone.

We will be more like most humans on the planet — dirt poor. Facing starvation and violence as a constant reality, most people will be dulled into accepting government authorities or a charismatic dictator who might mitigate the suffering.


35 posted on 03/27/2010 3:48:05 PM PDT by garjog (u)
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To: Terry Mross
Of course, he's articulate from Biden’s perspective. Who wouldn't be?
36 posted on 03/27/2010 3:55:55 PM PDT by madinmadtown
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To: tsmith130
Massive power that Obamacare gives these bureaucrats is scary. The have their hand in everything now -- even private industry is getting pushed around like freshman congressman. We America wake up?


37 posted on 03/27/2010 3:59:37 PM PDT by garjog (u)
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To: JLAGRAYFOX

“Obama is living in a failed Presidency,”

But, he just achieve the dream of every communist and socialist for the last seventy years: government take over of health care.

He didn’t fail on this one. We did.


38 posted on 03/27/2010 4:01:34 PM PDT by garjog (u)
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To: tsmith130

Look what else is there. Military hatred by the left.

http://ow.ly/1rCSV


39 posted on 03/27/2010 4:04:25 PM PDT by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, disabled,seniors & retired Military)
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To: blackbart.223
Rest easy America: Guys like Harry Waxman are now in charge of our Health Care. Yeah!

http:">

40 posted on 03/27/2010 4:06:14 PM PDT by garjog (u)
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To: mtrott

Although the letter “requests” their personal appearance before the committee, it appears to demand all the backup accounting data and analysis. If I were the CEO’s here, I would delay until the last minute and then accept the invitation to appear. I would have the requested documentation delivered the morning of their scheduled testimony. Then show up with a Power Point presentation that catches the Dems totally unprepared.


41 posted on 03/27/2010 4:13:37 PM PDT by Avid Coug
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To: madinmadtown

Some of them appear to be intelligent, but the audacity of their lies is driving everyone to the brink. They expect us to believe that a massive new entitlement program with 30 million newly-insured patients and all chronic pre-existing conditions (aka cancer patients) will save money and lower the deficit while increasing quality of care. I’ll bet most kindergardners can do the math on that one.


42 posted on 03/27/2010 4:17:05 PM PDT by Sender (It's never too late to be who you could have been.)
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To: madinmadtown

AND they expect us to believe that they can do all that magic without raising taxes!


43 posted on 03/27/2010 4:19:17 PM PDT by Sender (It's never too late to be who you could have been.)
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To: madinmadtown

In their party poop floats to the top!


44 posted on 03/27/2010 4:30:06 PM PDT by stumptalker
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To: tsmith130

As I keep telling people the only ones that will benefit from Obamacare are the offshore doctors and hospitals that will be providing healthcare. People will not get the true impact of this disaster until they have to stand in line to find out that they will have to wait 6 months before they can actually have their tooth extracted. The only choice they will have is to go to the Caribbean or Mexico. And by then it will be too late.

It would be nice if only those people that voted for Obama would have to stand in line. All those people that did not vote for Obama could continue their insurance coverage as usual. Wouldn’t that be great.


45 posted on 03/27/2010 4:49:45 PM PDT by seawolf101
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To: JimSEA

“How do we deny that we are socialist already?”

This lady can tell you how,

http://www.youtube.com/watch?v=wwGVDmEsi8A


46 posted on 03/27/2010 5:03:25 PM PDT by RipSawyer (Trying to reason with a leftist is like trying to catch sunshine in a fish net at midnight.)
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To: garjog

Both are blood suckers and ugly as well. But I will take the bat over Waxman any day.


47 posted on 03/27/2010 5:14:59 PM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: metmom; Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; ...
This is absolutely outrageous. Dissent (ie: stating the truth) will now land you a federal subpoena to sit front-and-center at Waxman's show trials.



Libertarian ping! Click here to get added or here to be removed or post a message here!
View past Libertarian pings here
48 posted on 03/29/2010 6:45:52 AM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: tsmith130

Komrade Kommandant


49 posted on 03/29/2010 6:53:57 AM PDT by Vendome (Don't take life so seriously... You'll never live through it.)
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To: ProtectOurFreedom
Two years later the President was saying to Congress: "In thirty-four months we have built up new instruments of public power." Who had opposed this extension of government power? He asked the question and answered it. The unscrupulous, the incompetent, those who represented entrenched greed — only these had opposed it. Then he said: "In the hands of a people's government this power is wholesome and proper. But in the hands of political puppets, of an economic autocracy, such power would provide shackles for the liberties of the people."

FDR ripping business and capitalists- 1935

http://www.freerepublic.com/focus/news/2185147/posts

50 posted on 03/29/2010 7:01:53 AM PDT by listenhillary (Capitalism = billions raised from poverty, Socialism = billions reduced to starvation)
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