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Democrats threaten companies hit hard by health care bill
Washington Examiner ^ | 3/28/10 | Byron York

Posted on 03/28/2010 11:05:23 AM PDT by Nachum

Rep. Henry Waxman, chairman of the House Committee on Energy and Commerce, has summoned some of the nation's top executives to Capitol Hill to defend their assessment that the new national health care reform law will cost their companies hundreds of millions of dollars in health insurance expenses. Waxman is also demanding that the executives give lawmakers internal company documents related to health care finances -- a move one committee Republicans describes as "an attempt to intimidate and silence opponents of the Democrats' flawed health care reform legislation."

On Thursday and Friday, the companies -- so far, they include AT&T, Verizon, Caterpillar, Deere, Valero Energy, AK Steel and 3M -- said a tax provision in the new health care law will make it far more expensive to provide prescription drug coverage to their retired employees. Now, both retirees and current employees of those companies are wondering whether the new law could mean reduced or canceled benefits for them in the future.

(Excerpt) Read more at washingtonexaminer.com ...


TOPICS: Crime/Corruption; Culture/Society; Editorial; Front Page News; Government; News/Current Events
KEYWORDS: 111th; bhohealthcare; byronyork; ceo; companies; deereheadlights; democrats; examiner; healthcare; threaten
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Waxman has ordered the executives to explain themselves at an April 21 hearing before the Energy and Commerce Committee's investigative subcommittee. That subcommittee just happens to be chaired by Rep. Bart Stupak

Control

1 posted on 03/28/2010 11:05:23 AM PDT by Nachum
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To: Nachum

I always hated the old Soviet Union. I hate is twice as much now that WE are the Soviet Union.


2 posted on 03/28/2010 11:06:35 AM PDT by FlingWingFlyer (We've got an expanding, fat porker government demanding that WE get skinny! I don't get it!)
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To: Nachum
Leftism
3 posted on 03/28/2010 11:08:17 AM PDT by jnsun (The Left: the need to manipulate others because of nothing productive to offer.)
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To: Nachum

Democrats are challenged by the truth. After practicing lying for so long, the truth escapes them.


4 posted on 03/28/2010 11:08:52 AM PDT by popdonnelly (I'm so old, I remember when free enterprise was praised, and communism was shunned.)
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To: Nachum

bump


5 posted on 03/28/2010 11:09:52 AM PDT by lowbridge (Rep. Dingell: "Its taken a long time.....to control the people.")
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To: Nachum

The corporate answer SHOULD be: “Congressman, we did our homework. We needed to know what this was going to cost, and so we read the bill and found out. Don’t you dare blame us for this since YOU wrote it and voted for it.”


6 posted on 03/28/2010 11:11:34 AM PDT by alancarp (Calling all states: Reduce the cost of doing business and jobs will flock to your doors.)
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To: Nachum

I’m hoping the Democrats piss off a lot of very powerful people. Unfortunately, they will be held afloat by a near unending supply of illegal and retard voters.


7 posted on 03/28/2010 11:12:54 AM PDT by Soothesayer (The United States of America Rest in Peace November 4 2008)
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To: Nachum

The dems can claim ignorance, of these truths, because they didn’t read the bill!!!


8 posted on 03/28/2010 11:13:39 AM PDT by bullfeather (sub pusher)
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To: Nachum

I hope that some of these CEO’s have the courage to tell the Senate to POUND SAND!

“Senator, we’re going to spend another $100 MILLION to unseat every one of you communist bastards!”


9 posted on 03/28/2010 11:13:39 AM PDT by G Larry (DNC is comprised of REGRESSIVES!)
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To: Nachum

Any government that threatens the people is not a GOOD government.


10 posted on 03/28/2010 11:13:40 AM PDT by FlingWingFlyer (The government is "piggin' out" and getting fatter while it demands that the people go on a diet.)
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To: Nachum

It’s a thugocracy, that’s certain.


11 posted on 03/28/2010 11:14:25 AM PDT by MizSterious ("Those who make peaceful revolution impossible will make violent revolution inevitable." -JFK)
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To: alancarp

Don’t you dare blame us for this since YOU wrote it and voted for it.” Don’t forget to add “and did not read it.”


12 posted on 03/28/2010 11:15:06 AM PDT by Maine Mariner
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To: Nachum
DEMOCRATS THREATEN...

I don't know about everyone else, but I am tired of being "threatened" by these weasels.

They have us mixed up with their union cronies who threaten and bully their way through workers, extorting dues via threats and intimidation.

Well, I am in no union, and will never join one...they are little pods of socialism, promoting mediocrity and the only ones who benefit are the union "leaders", and now, obama.

Is this what we have in store for the rest of our lives...to be bullied and intimidated by government, which now thinks it's a big labor union?

They are going to chase us over that final hill, and they may find armageddon waiting for them on the other side. We abhor violence, and we especially abhor it when it is DONE TO US.

Sooner or later the final domino will fall and the people will rise up...we will not be pushed into communism, or even socialism.

Even a mouse can cast a large shadow on the wall when the light is just right...but we must remember to not be afraid of the shadow...go after the mouse.
13 posted on 03/28/2010 11:15:08 AM PDT by FrankR (Those of us who love AMERICA far outnumber those who love obama - your choice.)
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To: Nachum
Isn't fascism wonderful?

Especially when the management of the private companies have been very preoccupied running their companies and haven't quite realised the nazi's have accomplished their putsch. They'll realise it pretty soon.

14 posted on 03/28/2010 11:15:38 AM PDT by Scott from the Left Coast
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To: FlingWingFlyer
Yup.

obama waxman

15 posted on 03/28/2010 11:17:04 AM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: Nachum

Aren’t public companies REQUIRED to calculate and file new numbers pretty much as soon as they uncover new situations or circumstances that affest their financials?

If so, my answer to Waxman is: Stuff It Up Your Nostrils! We were complying with federal law or SEC rules!

The Dems were surprised because THEY DON’T KNOW WHAT’S IN THEIR (UNCONSTITUTIONAL) BILL OR WHAT ITS EFFECTS WILL BE.


16 posted on 03/28/2010 11:19:20 AM PDT by 2nd Bn, 11th Mar (The "P" in democrat stands for patriotism)
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To: Maine Mariner

“Don’t you dare blame us for this since YOU wrote it and voted for it.” Don’t forget to add “and did not read it.””

They read enough to exempt themselves from the legislation. Execs should ask Waxman & Co. to explain that. They won’t get an answer, but the question would be on the table.


17 posted on 03/28/2010 11:23:39 AM PDT by sijay
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To: Nachum

They could have spoke up before this passed, but the cowardly sh%ts are complicit in this takeover. Asswipes.


18 posted on 03/28/2010 11:24:39 AM PDT by Nonstatist
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To: Nachum

19 posted on 03/28/2010 11:25:08 AM PDT by mvpel (Michael Pelletier)
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To: jnsun
Leftists Progressives. There fixed it
20 posted on 03/28/2010 11:25:12 AM PDT by mort56
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To: Nachum

When 100’s of companies follow the lead of Deere, Caterpiller and At&T, what is Waxman going to do - parade them ALL up to Capitol Hill to give them “what for”? This is very bad publicity for Ovomitcare and they want to nip it in the bud before it gets out of hand.

This is nothing more than intimidation. Waxman/Stupak want to make examples of these companies in an attempt to cow others who might follow suit not to do so. It won’t work. They have created a monster and, like Pelosi said, the bill passed, so now we’re (inc. Democrats who voted for it) finding out what’s in it.


21 posted on 03/28/2010 11:25:42 AM PDT by randita (Sarah Palin has the same computer that I have.)
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To: Nachum

Advise stockholders to tell Companies and their officers to stop making campaign contributions to these Democratic party idiots


22 posted on 03/28/2010 11:26:04 AM PDT by ADSUM (Democracy works when citizens get involved and keep government honest.)
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To: Nachum
The companies should all agree to boycott Waxman, even if he files a subpoena against them. To appear before Waxman is a lose-lose situation for them, but if they all agree to not appear before him, his impotence and arrogance are for all to see.

If he decided, and he would, to be a dork about it, then these companies could all simultaneously release statements that would guarantee their stockholders would drop their share prices by 10% or more in a day. And then, they could point their finger at Waxman as the party responsible for "crashing the stock market."

Photobucket

23 posted on 03/28/2010 11:30:00 AM PDT by yefragetuwrabrumuy
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To: Nachum

Bring out the Number Crunchers! - Bring out the Number Crunchers!

Win one for the Gipper


24 posted on 03/28/2010 11:31:16 AM PDT by libertarian27 (Ingsoc: Department of Life, Department of Liberty, Department of Happiness)
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To: Nachum

Hose nose waxman has NO IDEA of what is in this deathcare bill anymore than those who voted for it do.


25 posted on 03/28/2010 11:31:53 AM PDT by chiefqc
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To: Nachum

These companies are obligated by SEC law to post revised earnings or losses ahead of time. If I was one of these CEOs, I’d tell Congress to pound sand.


26 posted on 03/28/2010 11:38:25 AM PDT by Extremely Extreme Extremist (Islam is incompatible with American traditions and values)
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To: Nachum

Sounds like Hugo C.

I am sure he is proud.


27 posted on 03/28/2010 11:52:13 AM PDT by CriticalJ (Suppose you were an idiot. And suppose you were a member of Congress.. But then I repeat myself. MT)
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To: Nachum

Hey, nostril, if you increase taxes on something (drug benefits for retirees) you get less of it. The government may be able to print money but AT&T can’t. I remember people saying stuff like this would happen. The Democrats seem to think the can bully their way into gaining acceptance. I welcome an investigation especially a televised one.


28 posted on 03/28/2010 11:55:23 AM PDT by Mike Darancette (The Tree of Liberty ....)
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To: Nachum
Henry Waxman wages war on the First Amendment and freedom of speech ....


29 posted on 03/28/2010 12:00:10 PM PDT by Servant of the Cross (the Truth will set you free)
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To: Nachum

Fascism on the march.


30 posted on 03/28/2010 12:22:00 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Oceander

Looks like Lenin.


31 posted on 03/28/2010 12:26:10 PM PDT by wvguy (Montani semper liberi)
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To: Nachum

Wonder how many more will make announcements before this scam hearing on April 21? I hope many, many more.

They might can get away strong arming those who received bailouts, but those he didn’t, I hope they tell them to go pound sand & to eat dirt.


32 posted on 03/28/2010 12:28:26 PM PDT by Qwackertoo (Make it stop, please.)
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To: wvguy
It does - it's Waxman, I'm sure he's been cultivating that look secretly for years.

Obamacare is a Disaster, small
33 posted on 03/28/2010 12:28:48 PM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: Nachum
and America takes another one in the........

34 posted on 03/28/2010 12:32:46 PM PDT by Chode (American Hedonist *DTOM* -ww- NO Pity for the LAZY)
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To: Nachum

An amalgamation of the Chicago and Washington D.C. ways.....personified exponentially under this Jack Squat administration.


35 posted on 03/28/2010 2:16:46 PM PDT by cranked
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To: Nachum

I am figuring Obama will find some way to shut down the casinos in Vegas and Atlantic City next.


36 posted on 03/28/2010 2:23:16 PM PDT by Eye of Unk ("In a time of universal deceit, telling the truth becomes a revolutionary act" G.Orwell)
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To: Nachum

Heck, I don’t think those companies will have a bit of a problem giving Congress data on how much this health care bill will cost. In fact, I would demand open hearings.


37 posted on 03/28/2010 2:27:06 PM PDT by HarleyD
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To: Oceander

Waxy looks a bit like Lenin in that pic


38 posted on 03/28/2010 2:30:30 PM PDT by RatRipper (I'll ride a turtle to work every day before I buy anything from Government Motors.)
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To: popdonnelly

John 8:42-44


39 posted on 03/28/2010 2:32:02 PM PDT by MrB (The difference between a humanist and a Satanist is that the latter knows who he's working for.)
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To: Soothesayer
It's not just powerful people Waxman and Obama are angering, they are messing with all the employees, contractors, vendors, retirees, and family dependents of those corporations. Incrementally, Obama continues to insult or threaten various segments of society including the military, policemen, doctors, bankers, stock brokers, coal miners, tanning salon operators, the whole health insurance industry, FOX News viewers, etc. He called Tea Partiers “tea-baggers.”
40 posted on 03/28/2010 2:33:42 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: Nachum

If I were a CEO, I would say:

“Congressman Waxman, my company is MORE than happy to comply and provide you with our cost estimates related to healthcare. OF COURSE, we will ALSO supply the Wall Street Journal with the SAME information. Once they verify our calculations, I assume that you will do the decent thing and apologize.”


41 posted on 03/28/2010 2:50:15 PM PDT by Lmo56
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To: sijay

Excellent observation!


42 posted on 03/28/2010 3:24:52 PM PDT by Maine Mariner
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To: Nachum
The odor of burgeoning tyranny is more than a whiff.
43 posted on 03/28/2010 3:40:27 PM PDT by mtntop3
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To: mtntop3

Stench seems like the word...


44 posted on 03/28/2010 3:59:21 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Soothesayer
The brutality of the current regime has gone overboard. Maybe it is time to illegalize the Democratic party by propositions and amendments in the upcoming elections in November.

Also, why weren't these corporations asked before the vote as to how they would be affected by the new health care regulations? Didn't House Speaker Nancy Pelosi say to just vote on it, and we'll find out what is in the 2000+ page legislation later? It all appears hugely hypocritical.


45 posted on 03/28/2010 4:03:11 PM PDT by magooey (then - NO JUSTICE! NO PEACE!, now - NO DATA! NO WARMING!)
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To: magooey

It remains to be seen if people care enough about their families, friends, and themselves to take a few days out of their busy lives to fight the Democrats. Far too few realize the severity of what happened this month. Everyone is running out of time.


46 posted on 03/28/2010 4:23:56 PM PDT by Soothesayer (The United States of America Rest in Peace November 4 2008)
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To: magooey

It remains to be seen if people care enough about their families, friends, and themselves to take a few days out of their busy lives to fight the Democrats. Far too few realize the severity of what happened this month. Everyone is running out of time.


47 posted on 03/28/2010 4:24:31 PM PDT by Soothesayer (The United States of America Rest in Peace November 4 2008)
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To: yefragetuwrabrumuy
I showed a picture of waxman to two of my Gran daughters.They were scared and asked me if he was a perv.[Short kid speak of pervert].
I said I did not think so but was not sure.I explained to them that this man was one of many attempting to decide a major part of their future.
One Grand daughter asked why should an old man be involved so much.
The other Grand daughter made a nasty comment on his looks,to which I replied that was not very nice,but I believe his Mother still dresses him,as I assume they cohabited.[Could be wrong].
They fortunately are very smart for their age and know the difference between Dems and Repubs.
I sort of lied to them,and said,most Dems look like that.
They had to all sleep in the bed wit Granny that night,while I slept on the couch.It was worth it!
48 posted on 03/28/2010 4:24:55 PM PDT by xarmydog
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To: Nachum

Timeline of Major Provisions in the Democrats’ Health Care Package

http://www.scribd.com/doc/29006463/Timeline-of-Major-Provisions-in-the-Democrats%E2%80%99-Health-Care-Package


49 posted on 03/28/2010 4:25:35 PM PDT by KeyLargo
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To: xarmydog

In future if they ask about the appearance of Democrats, you can use the dodge that “this is what they look like on the inside.” This is a good start, to wax poetically about the harm it does a person to be filled with bitterness, envy and hate. And while it doesn’t always show at first glance, they cannot hide their true appearance for long.

Likewise, take the opportunity to explain that appearances are not everything, but once you get to know a person, they may look ugly on the outside, but be beautiful within, and vice versa. And that often, the most beautiful people are miserable inside, because they know that outside beauty doesn’t last, and yet that is all they have. Once it is gone, they have nothing.


50 posted on 03/28/2010 4:51:30 PM PDT by yefragetuwrabrumuy
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