Are corporations supposed to pretend that these costs do not exist? This is very strange business, scolding executives for stating the obvious. Is everyone supposed to pretend really, really hard that there really is a halo around Obama’s head and that rainbows and unicorns are everywhere?
“Are corporations supposed to pretend that these costs do not exist? This is very strange business, scolding executives for stating the obvious”
Not only that, but I saw someone on the business chanel making the point that by the Sarbane-Oxley law, regulating reporting requirements for companies, the CEOs were required by law to do this, i.e. report on the impact. And they wouldn’t be over or understating it, because also per Sarbane-Oxley, the CEOs have to take personal responsibility for the accuracy, under penalty of law.
Dems are just upset that the truth comes out.
Unicorns that crap rainbow colored skittles, that is.
What I find interesting is that hardly if any of these big companies complaining about how much this bill will cost them lobbied publicly against this bill. It seems as if big business WANTED this to pass because big business wants to stop paying for health care and would rather see the government handle the mess we have gotten ourselves into with misguided anti market health care practices.
“Are corporations supposed to pretend that these costs do not exist?”
That is what’s so amazing. The Dims are screaming that it is somehow “suspicious” that these companies are making these statements so “quickly” following the HC passage, yet the SEC laws REQUIRE them to notify both the SEC and their shareholders in the SAME QUARTER the law passes of any new law’s impact on the bottom line. That means they were required to report their estimates by the end of March.
In Waxman's world, you make up the numbers.
I agree, this is ridiculous.