Caterpillar, AT&T, Verizon, & Others Threatened By Obama Henchman Henry Waxman
Even before ObamaCare was passed, public companies large and small across America were trying to assess its impacts to their bottom lines, as they’re required by law to report forecast changes to their profitability for current and future quarters. Again, this is required by law by the Securities and Exchange Commission (SEC).
Caterpillar was first out of the box announcing that ObamaCare would cost it $100,000,000 in the first year, and could force them to lay off thousands of workers to return to profitability.
Medtronic followed by saying the new taxes under ObamaCare would force them to lose at least 1,000 workers. AT&T along with Verizon told their employees that they would have to cut healthcare benefits to offset the new costs of ObamaCare.
So much for “If you like your insurance, you can keep it” as that’s clearly not the case.
Congressional Democrats already reeling from the backlash against them in the run up to passing ObamaCare, the week that’s followed since and facing mid-term elections are looking for someone else to blame for the mess. They can’t blame it on Republicans as they voted en masse against ObamaCare, so who can they go after?
Those big greedy Corporations, that’s who!
Henry Waxman (D. CA, aka “Porky Pig”) no doubt following the orders of his master Obama issued the following letter to the CEO’s of AT&T, Caterpillar, John Deer and Verizon ordering them to testify before the Energy and Commerce committee to explain why they’ll need to cut costs (and employees!) because of ObamaCare.
In issuing the “request” (let’s face it, it’s an ORDER!) Henry Waxman the human pig and Bart Stupak (the pro-life sellout) demanded all accounting documents dating to 2003 and any internal emails that were sent to or by senior company officials related to ObamaCare.
Make no mistake about the Congressional Democrats and Obama’s objectives here: to silence any and all opposition to ObamaCare using the full force and threat of the Federal Government.
Lest there be any doubt, passing ObamaCare was Socialism. As the resistance to ObamaCare has grown in the last week, the Federal Government is clearly taking the next step to Marxism in silencing any and all opposition to the law using the Federal Government as a weapon.
I suppose I shouldn’t really care about Caterpillar, Verizon, AT&T and John Deere as they’re heavily union companies and in some sweet revenge sort of way the Union’s are about to get their comeuppance at the expense of the Obama Administration in losing their jobs, or at a minimum a substantial portion of their benefits.
Yes, the revenge in an ironic sort of way is rather sweet, how’s the hope and change you Obama-bot unions voted for?