“Democrats don’t like what their bill is doing in the real world, so they now want to intimidate CEOs into keeping quiet”
By Johnny Roosh
First the Obama administration blasts Wall Street for not following the rules…and also when they do. AT&T discharges it’s duty to shareholders by quantifying the hit they will be taking as a result of Obamacare.
This wholesale destruction of wealth and capital came with more than ample warning. Turning over every couch cushion to make their new entitlement look affordable under Beltway accounting rules, Democrats decided to raise taxes on companies that do the public service of offering prescription drug benefits to their retirees instead of dumping them into Medicare. We and others warned this would lead to AT&T-like results, but like so many other ObamaCare objections Democrats waved them off as self-serving or “political.”
…when in fact what they are is simple math.
March 29th, 2010 at 6:22 am
Apparently those foolish execs believed that their duty was to follow the law and serve the interests of their shareholders instead of the policy goals of Obama and the Democrat congress.
The defining characteristic of fascism (named after the symbols of state power) is that no citizen is allowed to have any goals that conflict with the goals of the state.
Liberal fascism, indeed.
March 29th, 2010 at 11:17 am
Give that man a cigar!