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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: 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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