Article

2010-03-28 Home Front: Politix

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2010-03-28 09:02|| || Front Page|| [11130 views ] Top

#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|| 2010-03-28 10:21|| Front Page Top

#2 The flat spin continues.

Posted by Besoeker 2010-03-28 11:18|| 2010-03-28 11:18|| Front Page Top

#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|| 2010-03-28 11:26|| Front Page Top

#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|| 2010-03-28 12:35|| Front Page Top

#5 and Democrats are shocked

My a$$. Nobody's that stupid. This is by design.

Posted by gorb 2010-03-28 13:38|| 2010-03-28 13:38|| Front Page Top

#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|| 2010-03-28 13:44|| Front Page Top

Posted by DMFD 2010-03-28 14:51|| 2010-03-28 14:51|| Front Page Top

23:44 trailing wife
23:42 gorb
23:41 Pappy
23:32 trailing wife
23:31 tu3031
23:26 Pappy
23:10 Thing From Snowy Mountain
22:55 wt
22:55 tu3031
22:38 Redneck Jim
22:15 Barbara Skolaut
22:04 crosspatch
21:44 Eric Jablow
21:39 Glenmore
21:37 logi_cal
21:33 Thing From Snowy Mountain
21:32 Besoeker
21:28 gorb
21:13 JosephMendiola
21:06 Barbara Skolaut
20:57 Barbara Skolaut
20:57 ed
20:53 Eric Jablow
20:47 Rambler in Virginia