Skip to comments.Democrats Accused of Trying to 'Intimidate' Firms for Airing Health Care Concerns
Posted on 03/31/2010 9:33:20 AM PDT by SonOfDarkSkies
The CEOs of some of the country's biggest companies are being summoned to Washington to defend claims that the health care reform law would cost them millions -- a move Republicans say amounts to intimidation.
Democratic Rep. Henry Waxman, chairman of the House Energy and Commerce Committee, on Friday fired off letters to the heads of Caterpillar, Verizon, AT&T and Deere after they and other firms reported that the health care overhaul would dig deep into their bottom lines.
Caterpillar claimed it would raise costs by $100 million in the first year and imperil coverage for its 150,000 employees and retirees. Deere estimated it would raise expenses by $150 million.
Waxman, in his letters, called these estimates a "matter of concern" and said they "appear to conflict with independent analyses" showing the law would lead to a decrease in premium costs for large companies.
(Excerpt) Read more at foxnews.com ...
do you believe what the bil say, or do you believe what a politicians think the bill say
Is that Lenin in that pic?
Waxbrain is a tyrant.
Haw, haw, every time I read an article about this I can just imagine Congress lecturing business on generally accepted accounting procedure and real world SOX requirements.
I call it a metter of concern that the congress, especially this creep, has the power to summon people to explain themselves as if they were no better than lawn jockeys at congress’s beck and call.
The companies need to come together and tell Waxman to stick it where the sun don’t shine. If these companies did this, they couldn’t do a dam thing. They need to stick together.
I thought the companies were required by law to announce expected changes in their projected earnings.
So now the law is that they must announce projections that are acceptable to Congress's agenda?
Why would this surprise anyone?
In spirit. In reality it's Nostrilitis Waxman.
There, fixed it
Under what legal statute, law, or regulation does the US Congress have the right to summon private individuals in order to testify? Doesn’t there have to be a formal investigation underway? I don’t believe, in this case, that there is (although I could be wrong). Otherwise, anyone can be summoned, for any reason at the whim of a dictatorial legislator.
I am SO GLAD that they REPORTED this. Thank GOD we still live in a country where truth has a few streets left open.
Congressional subpoena power been upheld in McGrain V. Daugherty in 1927.
Look, Waxboy should just send his goons to the CEO’s business with the bribes (offer they can’t refuse). Why go through the farce of lecturing them?
I think that basically, it comes down to “not letting a good crisis go to waste.”
Waxman better watch his @$$. If one of these guys is really sharp and can make his case that the accounting rules that the Congress passed requires this, he could embarrass Waxman terribly. Assuming Waxman is capable of feeling embarrassed.
Merely by definition, a Democrat is incapable of intimidating anyone. Look for them - they are the ones creating the mob mentality to get what they want only to scurry like mice when they do not get what they want.
They were not trying to air healthcare concerns. They were simply complying with the law which requires them to restate earnings when retiree benefits face material impact. But the first thing out of Henry Waxman’s mouth is “Are you or have you ever been a member of the Republican Party?”
“appear to conflict with (The parties) independent analysis”
Even the Healthcare Bill itself requires companies to post any changes 60 days prior.
The companies are required by SEC regs to report the truth, and their books have been fine combed by tons of CPAs and attorneys. Waxman’s staffers have no expertise that will ensnare these CEOs... I predict in a few more days Waxman will quietly drop the hearings.... not because he wants to, but because this is a fight the RATS cannot win.
I’d like to see a picture of Waxman and Himmler side by side.
We need to clean their collective clocks come November.
These corporate CEOs need to tell congress the way it is and lay it on the line. Ollie North flat out embarrassed congress when he testified many years ago. If these CEOs can’t do the same thing, they shouldn’t be in charge of any company much less these multi billion dollar corporations. They need to grow some balls.
It’s just another “crisis” by which the left can further demonize capitalism. The press will eat it up, as if on queue. A few threats might be made in the backrooms. No telling what barama and emmanuel have on those guys.
Isn’t it ironic that the lefties always shout ‘McCarthyism’ at every opportunity?
Great. Thanks. Can you find one of Himmler without a hat?
search for "Howard Hughes Senate" for a model to go by.
Scary, is it not?
“Cowgirl”???? We have five Quarter Horses. All cutting bred.
Looks like Lenin.
Why is this a surprise. This is what Facists do.
This is what central planning looks like people. It would be better named “central intimidation”.
The need to disclose the impairmnet of earnings is not an obscure rule, but apparently neither Congress nor the administration knew about it. Any MBA knows this, and most investors do too.
These people do not have the capability to manage our economy. The new healtcare system is going to fail early.
They are. Sarbanes-Oxley.
This is lousy reporting - the whole picture changes when one realizes they’re reporting this because the law says they have to.
If the leaders of the insurancer companies that write medical insurance had any sense, they would go out of bussiness today before quitting time.
Joseph McCarthy: Capitalist looking for communists.
Henry Waxman: Communist looking for capitalists.
Where’s the shame?
They should tell congress to go $%#k themselves and read their MANDATORY SEC quarterly filings like everyone else. This is intimidation and our business leaders do not have to play ball. VERY un-American, we are looking more like a marxist regime every day thanks to the Dems.