Many of us tried to warn. Who listened?
Over Saturday and Sunday, several major employers in the United States announced that as a result of punishment and expense in the Obamacare legislatin, they would be forced to write down a total of one and a half billion dollars ($1,500,000,000.00) in order to comply with Security and Exchange Commission Rules.
And, immediately, that stellar left-coast congressman Henry Waxman (just a tad pinker than Castro) annouced punitive "show trials" for the offenders.
The companies faced with dire economic consequences that the CBO, (Congressional Budget Office) failed to address in its "analysis" are: AT&T, Catepillar, Deere, 3-M, Valero Energy, and AK Steel.
Verizon was reportedly preparinmg its "writedown" announcement and will join the other employers at the guillotine-cum-inquisition.
Waxman, who has probably never sweated at manual labor in his life, is just trying to threaten, throttle and blackmail wealth-producers who heretofore provided helth care and prescriptin drug aid for a million hard working, producing families.
You will not read about this unless you subscribe to the Journal, Bloomberg wire service or Forbes magazine. The AssPress will pass.
Until, that is, the socialist demagopgues begin trying to cast the business accountants as "racist" and "anti-immigrant" and "obstructionists".
Like the Tea Party coalition.
So, these producers of wealth who provide paychecks and security for as many families as the present socialist dominated economy will alow...They will be painted as villians by leftwing harangue because they are attempting to protect the investments---and JOBS---of middlel class Americans.
The CBO kinda "hid" from the entire economic cost to the nation.
So Congress will stand the messenger against the wall...and FIRE !
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