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| Home Front: Politix |
| The ObamaCare Writedowns |
| 2010-03-28 |
| The corporate damage rolls in, and Democrats are shocked! |
| Posted by:tipper |
| #7 |
| Posted by: DMFD 2010-03-28 14:51 |
| #6 Convenient of the dems to hold onto the actual language of the Healthcare bill until the very last minute, thus ensuring that tax and financial experts at AT&T, Cat Tractor, and others could not be given an opportunity to discover it's dubious corporate impacts. |
| Posted by: Besoeker 2010-03-28 13:44 |
| #5 and Democrats are shocked My a$$. Nobody's that stupid. This is by design. |
| Posted by: gorb 2010-03-28 13:38 |
| #4 Meanwhile, Henry Waxman and House Democrats announced yesterday that they will haul these companies in for an April 21 hearing because their judgment "appears to conflict with independent analyses, which show that the new law will expand coverage and bring down costs." While we're at it - lets haul in some prominent mathematicians because their judgment that Pi = 3.1415972... appears to conflict with congressional independent analysis that Pi = 3.0 Just wait until the unemployment figures come out in the upcoming months. November is going to be fun... |
| Posted by: CrazyFool 2010-03-28 12:35 |
| #3 It'll be interesting to track the reduction in market cap of the companies writing down their earnings due to this botchjob. My guess is it will cost shareholders-- including, not least, many millions of workers, via their pension funds-- over $100B when the hit to earnings is properly accounted for. Also, Andy McCarthy had a good take on the threat of hearings in the Henry Waxman star chamber for companies that write down: "thugocracy", ie a system under which companies that don't write down get prosecuted by the feds and sued by the SEC, and companies which do get hauled before Congress. Banana republic time. |
| Posted by: lex 2010-03-28 11:26 |
| #2 The flat spin continues. |
| Posted by: Besoeker 2010-03-28 11:18 |
| #1 ObamaCare will certainly help the unemployment rate. Help RAISE it. Thanks Dems. Kick us again please. |
| Posted by: DMFD 2010-03-28 10:21 |