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Monday, March 29, 2010

The ObamaCare Writedowns

The corporate damage rolls in, and Democrats are shocked! - WSJ.com

It's been a banner week for Democrats: ObamaCare passed Congress in its final form on Thursday night, and the returns are already rolling in. Yesterday AT&T announced that it will be forced to make a $1 billion writedown due solely to the health bill, in what has become a wave of such corporate losses. ...

You have to love the irony. The Democrats have been preaching to us how great ObamaCare is going to be, but when companies start publicizing the truth about how they are going to be hurt economically, they start screaming bloody murder. They then proceed to start sending out subpoenas to them calling them before Congress to threaten them for telling the the truth! This is pure intimidation by the Democrats! If these corporate presidents had any testicular fortitude, they'd tell Waxman and Stupak "SCREW YOU, WE DON'T ANSWER TO YOU!"

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