Caterpillar said Obamacare will cost it an additional $100 million in the first year; Medtronic warned that the new tax on its products "could force it to lay off a thousand workers;" Verizon told its employees that it "will likely have to cut healthcare benefits to offset the new costs;" and AT&T announced that it will record a $1 billion non-cash expense in the first quarter and "will be evaluating prospective changes to the active and retiree health care benefits offered by the company."
These announcements are the tip of the iceberg; hundreds like them will follow as Obamacare becomes a reality. Congressional Democrats, evidently stung by the bad publicity, are trying to strike back.
Those are all NONCASH. When Bush passed the Prescription plan he gave a 28% tax credit to the companies that had prescription plans. They all booed that as a profit that year based on the NPV of the actuarial savings over the life of the plan recipients. This takes away the additional tax savings over the life of the plan.
It doesn;t matter what Obama does good or bad, the GOP is only concerned about re-election...nothing else matters to as long as they can slam the Dems.
The GOP is so inffectual, they had no logical response when ANTHEM decided to raise personal health care costs by as much as 39%.
Get over it...it's the Law of the Land....it you are not going to compromise, get the F out of the way.
With England as our model, complete government provided homes and cars will be next, were already there in part.
That is when the incentive to become educated and work will remain for only the highly motivated.
I can't wait.
It sure isn't encouraging.
One problem is the highly motivated might not stay.
We have to have incentives to remain competitive and raising taxes and regulatory overhead is not the way to do it.
The public sector is becoming too dominant a force and needs to be scaled back to what the underlying economy can afford to support.
But don't ask someone in the public sector, they're mostly out of touch with reality.
I voted for McCain/Palin, but I'm not a big McCain fan. If I had to do it again, I'd probably throw away my vote and mark for the canidate I really wanted to see win the president... Ron Paul. I just have a hard time doing that in what what precieved to be a close election. Ron Paul has it right in my opinion... at least more than most others.
So lemme get this right, you voted for Obama because McCain took Palin for a running mate ? And that is your rational for other folks being un-intelligent ?
Can you please explain your rational ? Exatcly what was it that Mrs. Palin was going to do to the state of national politics that was so unacceptable in your mind ?
<<< Here's an example of how GOP bipartisanship has been flushed down the toilet >>>
If you really believe the Dems are any less motivated to apply partisan politics ... you have a serious case of tunnel vision, they are both guilty.
I largely agree; however, it wasn't entirely blind...remember that several "fixes" were needed so that the anti-abortion Dems boguht in...so the Dem partisanship, although present, was not entirely a done deal until the fixes were put into place.
Interesting article worth reading:
He might be able to read good but shouldn't ya need to know all three R's to be President?
In fact, I would go so far as to say that these basics should all be mastered if one wants to be the Pres.
Riting and Rithmetic looks like a big weakness to me ...as does comprehension with most politicians.....so there should be a test!
Solve these little problems...along with cleaning up the corruption.. then we is gettin somewhere.
I didn't realize the Khalid civilian court trial is a done deal. Again, I'm not the political insider you are.
Personally, I would be happy to have him hung publicly at the WTC site.
Can the Obama administration make mistakes.....apparently not. Can they learn from their mistakes. I guess we'll see.