300 Businesses: Health Care Bill is Costing Us a Fortune! — Waxman: No it Isn’t, it’s Saving You Money!

Frankly, I think that the left-wingers in charge of Washington right now absolutely love to hear the private sector begging and complaining that’s going on, and as such, the more people plea with them, the more aroused they become.

Think of the current administration and their left-wing accomplices in Congress as political bestialists who are grudge-banging a capitalist pig they’ve finally managed to pin to the ground — and the more the pig squeals, the more they’re going to enjoy it:

An association representing 300 large corporations urged President Obama and Congress on Monday to repeal a provision of the health care overhaul that prompted AT&T, Caterpillar and other companies to announce substantial charges for the current quarter.

The association, the American Benefits Council, said the provision — which reduces the tax deductions for companies with drug coverage for their retired employees — would deal a significant blow to corporate profits and would discourage companies from hiring more workers.

AT&T announced last week that it was taking a $1 billion charge because of the provision. Deere & Company announced a $150 million charge, Caterpillar a $100 million charge, and 3M a $90 million charge.

This little graphic is included in the article:


Hey, you evil corporations, the gutterworm (scientific name nostrilus maximus) who isn’t even qualified to run a lemonade stand says you are not now and never will incur any expenses from the health care bill. So there! Essentially Waxman is telling these corporations, “Are you going to believe me, or your lying accounting ledger?”

Waxman is essentially saying that 300 companies are lying. Why? Because the health care bill was designed to save them money — and past experience tells us that the government does everything right. Somebody’s got some ‘splainin’ ta do:

Henry A. Waxman, a California Democrat who is chairman of the House Energy and Commerce Committee, criticized the charges by the companies, asserting that the health reform would save companies more money than it cost them.

Mr. Waxman sent AT&T, Caterpillar and Deere a sharp letter, questioning the charges and saying he wanted top officials from those companies to testify at an April 21 hearing he has scheduled on the issue.

Mr. Waxman and Bart Stupak, a Michigan Democrat who is chairman of the House Commerce Committee’s subcommittee on oversight and investigations, wrote to AT&T’s chairman, Randall L. Stephenson, “The new law is designed to expand coverage and bring down costs, so your assertions are a matter of concern.”

So, are Waxman and Stupak the Sucker telling these companies they should be fudging the books so Obama doesn’t look bad? Accounting regulations mandate that corporations take such writedowns this way. Who makes the accounting regulations? Don’t look at AT&T, Caterpillar or John Deere if you’re trying to find an answer to that question.

The country will have to be taken back at the polls — complaints and pleas for mercy directed at people who get off on hearing complaints and pleas for mercy won’t get us very far.

Author: Doug Powers

Doug Powers is a writer, editor and commentator covering news of the day from a conservative viewpoint with an occasional shot of irreverence and a chaser of snark. Townhall Media writer/editor. MichelleMalkin.com alum. Bowling novice. Long-suffering Detroit Lions fan. Contact: WriteDoug@Live.com.