Saturday, March 27, 2010

Reality Can Be Legislated Away!

This is just filled with delicious, yet tragic irony. Here is the Democrats' response to companies announcing that they will be taking big losses due to the passage of ObamaCare.
Almost immediately, House Energy and Commerce Committee Chairman Henry Waxman of California and Rep. Bart Stupak of Michigan, chairman of the Oversight and Investigations panel, announced plans to hold an April 21 hearing on “claims by Caterpillar, Verizon, and Deere that provisions in the new health care reform law could adversely affect their company’s ability to provide health insurance to their employees. These assertions appear to conflict with independent analyses, which show that the new law will expand coverage and bring down costs.”

The committee wants the companies’ CEOs testify and provide evidence of the law’s projected impact.
I'm not sure irony is the right word here. Reality and government economic projections don't agree. The CEOs are going to be brought in and grilled over an open fire until they recant and confess that the Democrat legislators who have never spent a minute in private industry know more than they do about running a business.

4 comments:

Jeff Burton said...

Who is John Galt?

K T Cat said...

Indeed.

B-Daddy said...

KT,
These guys had no choice. If they hadn't done so the SEC could have slammed them for failing to make a material disclosure. If I were a CEO in front of Henry "the Nose", I would respond with "What do you want me to lie and break securities law?"

Mostly Nothing said...

Nobody expects the DNC, our ch weapon is surprise ... surprise and fear ... fear and surprise ... our two weapons are fear and surprise ... and a ruthless efficiency.