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Democrats Accused of Trying to 'Intimidate' Firms for Airing Health Care Concerns
FoxNews.com ^ | 3/31/2010

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 ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: 111th; communist; creeps; crooks; cultureofcorruption; democrats; elite; extortion; leftist; liberalfascism; nazis; obamacare; progressive; thieves; thugs; tyrants
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1 posted on 03/31/2010 9:33:20 AM PDT by SonOfDarkSkies
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To: SonOfDarkSkies

do you believe what the bil say, or do you believe what a politicians think the bill say


2 posted on 03/31/2010 9:35:08 AM PDT by 4rcane
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To: SonOfDarkSkies
obama waxman
3 posted on 03/31/2010 9:35:10 AM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: Oceander

Is that Lenin in that pic?


4 posted on 03/31/2010 9:35:46 AM PDT by dfwgator
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To: SonOfDarkSkies

Waxbrain is a tyrant.


5 posted on 03/31/2010 9:36:04 AM PDT by auboy (Men who cannot deceive others are very often successful at deceiving themselves. Samuel Johnson)
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To: All

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.


6 posted on 03/31/2010 9:36:06 AM PDT by Proud_texan (Scare people enough and they'll do anything.)
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To: SonOfDarkSkies

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.


7 posted on 03/31/2010 9:36:42 AM PDT by Past Your Eyes (You don't have to be ignorant to be a Democrat...but if you are...so what?)
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To: SonOfDarkSkies

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.


8 posted on 03/31/2010 9:37:42 AM PDT by RC2
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To: 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 --

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?

9 posted on 03/31/2010 9:37:59 AM PDT by LoveUSA (What are we waiting for?)
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To: SonOfDarkSkies

Why would this surprise anyone?


10 posted on 03/31/2010 9:39:41 AM PDT by SMARTY ("What luck for rulers that men do not think. " Adolph Hitler)
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To: dfwgator
Is that Lenin in that pic?

In spirit. In reality it's Nostrilitis Waxman.

11 posted on 03/31/2010 9:41:26 AM PDT by hsalaw
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To: LoveUSA
I want to see the public hearings where the CEO’s explain to Congress why they have to report this and why it cost them so much money...
12 posted on 03/31/2010 9:42:18 AM PDT by DrDavid (George Orwell was an optimist.)
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To: LoveUSA
"appear to conflict with independent the Obama analyses"

There, fixed it

13 posted on 03/31/2010 9:42:26 AM PDT by never4get (We are all born ignorant, but one must work hard to remain stupid)
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To: SonOfDarkSkies

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.


14 posted on 03/31/2010 9:42:49 AM PDT by Signalman
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To: SonOfDarkSkies

Sieg Henry!


15 posted on 03/31/2010 9:44:03 AM PDT by TruthHound ("He who does not punish evil commands it to be done." --Leonardo da Vinci)
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To: dfwgator
It might as well be, but no, that's just one of Lenin's many fetish-fans - Henry "the fascist" Waxman.

DNC Viagras Pedophiles, small version
16 posted on 03/31/2010 9:44:44 AM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: SonOfDarkSkies
Waxman arrives for the hearing:
17 posted on 03/31/2010 9:44:53 AM PDT by sticker
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To: DrDavid

I am SO GLAD that they REPORTED this. Thank GOD we still live in a country where truth has a few streets left open.


18 posted on 03/31/2010 9:45:20 AM PDT by Republic (Stop the horrific liberals from spending ONE MORE DIME before they destroy our nation.)
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To: SonOfDarkSkies
There should be a law against such ugly people being able to show their faces to the American public..Can you imagine what this does to our little children..And then to give this pig power should be another thing against the law..
19 posted on 03/31/2010 9:46:11 AM PDT by PLD
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To: Bobkk47

Congressional subpoena power been upheld in McGrain V. Daugherty in 1927.

http://supreme.justia.com/us/273/135/case.html


20 posted on 03/31/2010 9:48:14 AM PDT by MediaMole
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To: SonOfDarkSkies

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.”


21 posted on 03/31/2010 9:50:29 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: RC2; SonOfDarkSkies

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.


22 posted on 03/31/2010 9:51:49 AM PDT by Hardastarboard (Joe McCarthy was right. He was just early.)
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To: SonOfDarkSkies

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.


23 posted on 03/31/2010 9:52:19 AM PDT by lesko
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To: SonOfDarkSkies

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?”


24 posted on 03/31/2010 9:52:37 AM PDT by Brilliant
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To: SonOfDarkSkies

“appear to conflict with (The parties) independent analysis”


25 posted on 03/31/2010 9:53:46 AM PDT by Vaduz
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To: LoveUSA

Even the Healthcare Bill itself requires companies to post any changes 60 days prior.

See http://www.freerepublic.com/focus/f-news/2483914/posts


26 posted on 03/31/2010 9:54:25 AM PDT by indianyogi
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To: SonOfDarkSkies


WaxWorX



27 posted on 03/31/2010 9:54:51 AM PDT by FrankR (Those of us who love AMERICA far outnumber those who love obama - your choice.)
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To: subterfuge

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.


28 posted on 03/31/2010 9:54:51 AM PDT by mwl8787
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To: Hardastarboard

I’d like to see a picture of Waxman and Himmler side by side.


29 posted on 03/31/2010 9:58:52 AM PDT by RC2
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To: SonOfDarkSkies

We need to clean their collective clocks come November.


30 posted on 03/31/2010 9:59:10 AM PDT by Bitsy
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To: auboy

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.


31 posted on 03/31/2010 10:00:18 AM PDT by Roklok
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To: SonOfDarkSkies
I'm sorry, but Waxhead looks like a deformed minion of satan, given a pig nose as a cruel joke.
32 posted on 03/31/2010 10:01:51 AM PDT by Gabrial (The Whitehouse Nightmare will continue as long as the Nightmare is in the Whitehouse)
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To: RC2

33 posted on 03/31/2010 10:03:11 AM PDT by JustaCowgirl (Fred Thompson said Obama is treating terrorists "as if they robbed a liquor store.")
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To: mwl8787

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.


34 posted on 03/31/2010 10:03:13 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: SonOfDarkSkies

Isn’t it ironic that the lefties always shout ‘McCarthyism’ at every opportunity?


35 posted on 03/31/2010 10:03:27 AM PDT by RushIsMyTeddyBear (I don't have a 'Cousin Pookie'.)
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To: JustaCowgirl

Great. Thanks. Can you find one of Himmler without a hat?


36 posted on 03/31/2010 10:06:24 AM PDT by RC2
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To: RC2

37 posted on 03/31/2010 10:10:24 AM PDT by JustaCowgirl (Fred Thompson said Obama is treating terrorists "as if they robbed a liquor store.")
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To: RC2
The companies need to come together and tell Waxman to stick it where the sun don’t shine.

search for "Howard Hughes Senate" for a model to go by.

38 posted on 03/31/2010 10:10:45 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: RC2

Scary, is it not?


39 posted on 03/31/2010 10:11:09 AM PDT by JustaCowgirl (Fred Thompson said Obama is treating terrorists "as if they robbed a liquor store.")
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To: PLD


40 posted on 03/31/2010 10:16:25 AM PDT by FreeAtlanta (Hey, Barack "Hubris" Obama, $10 is all it would take, why spend millions to cover it up?)
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To: JustaCowgirl

“Cowgirl”???? We have five Quarter Horses. All cutting bred.


41 posted on 03/31/2010 10:16:30 AM PDT by RC2 (Guess I could say "Justacowboy" LOL)
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To: Oceander

Looks like Lenin.


42 posted on 03/31/2010 10:18:44 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: SonOfDarkSkies

43 posted on 03/31/2010 10:21:52 AM PDT by Lockbar (March toward the sound of the guns.)
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To: SonOfDarkSkies

Why is this a surprise. This is what Facists do.


44 posted on 03/31/2010 10:22:36 AM PDT by Republic of Texas (Socialism Always Fails)
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To: DontTreadOnMe2009
Henry Waxman would like to make his likeness to Lenin more than just skin-deep. He not only looks like Lenin, he acts like Lenin, too.

Obamacare
45 posted on 03/31/2010 10:22:45 AM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: SonOfDarkSkies

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.


46 posted on 03/31/2010 10:24:44 AM PDT by texmexis best
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To: LoveUSA

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.


47 posted on 03/31/2010 10:26:29 AM PDT by Ladysmith ("A community organizer can't bitch when communities organize." Rush Limbaugh)
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To: SonOfDarkSkies

If the leaders of the insurancer companies that write medical insurance had any sense, they would go out of bussiness today before quitting time.


48 posted on 03/31/2010 10:26:54 AM PDT by sport
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To: JustaCowgirl

Joseph McCarthy: Capitalist looking for communists.
Henry Waxman: Communist looking for capitalists.

Where’s the shame?


49 posted on 03/31/2010 10:29:55 AM PDT by grumpygresh (Democrats delenda est)
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To: SonOfDarkSkies

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.


50 posted on 03/31/2010 10:32:53 AM PDT by RockyMtnMan
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