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03-29-2010 01:12 PM  10 years ago
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SteveH

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Reality Starts To Hit
http://blog.heritage.org/2010/03/26...t-one-employer/

Obamacare Day 2: A $1 Billion Tax Bill… for Just One Employer
Posted March 26th, 2010 at 4:36pm

“AT&T Inc. will take a $1 billion non-cash charge in the first quarter” the Associated Press reported today. And by “take a non-cash charge” what they really mean is that President Barack Obama’s health spending plan just ate $1 billion out of AT&T’s bottom line. And that’s to pay for just one of the tax hikes wrought by Obamacare.

AT&T is just one of many companies that subsidize Medicare drug coverage for their retirees. The new health law slaps a tax on those subsidies, effective next year. In addition to costing the communications giant a cool billion, the tax is likely to cost workers and retirees a cherished benefit. AP notes that, because of the legislation, AT&T is now “looking into changing the health care benefits it offers to active and retired workers.”

So much for the promise about being able to keep the health care you have!

AT&T is not the first company warning stockholders to expect earnings to plunge due to the new law. Yesterday, as President Obama celebrated his health “triumph” by taking a victory lap in Des Moines, Iowa’s largest manufacturer, Deere & Co, announced it would have to take a first-quarter charge of $150 million. Caterpillar Inc. and AK Steel Holding Corp have announced similar charges as well.

Many more earnings “shoes” will be dropped next week. Keep checking The Foundry for up-dates about this and other troublesome “Side Effects” of Obamacare.
The government cannot give you anything without first taking it from someone else.
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03-29-2010 03:18 PM  10 years ago
Dennis (RIP)

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So, is there a surprise here?

Someone has to pay. In the end. it will be the US economy at the worst possible time. It defy's (sp)common sense so bad that it is becoming increasingly obvious that there is a plan in place.

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03-29-2010 03:21 PM  10 years ago
drdot

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fwiw...

Remember SanFranGranNan and "We have to pas it so we can see what's in it"....?Well, here's whats in it....
If ANY of these clowns are still in office after November, We are doomed...But we deserve it....

BC
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03-29-2010 03:30 PM  10 years ago
Dennis (RIP)

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If ANY of these clowns are still in office after November, We are doomed...But we deserve it....
Thats correct. Last Presidential election brought out a whole herd of terribly irresponsible voters.

Hopefully, this coming November, that will change.

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03-29-2010 03:50 PM  10 years ago
GyroFreak

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Orlando Florida ...28N 81W

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I hope that November will be the homecoming event for many. In other words, send them home PERMENATLY ..I think about the hereafter. I go somewhere to get something, then wonder what I'm here after ?
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03-29-2010 04:05 PM  10 years ago
ScottV

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Thats correct. Last Presidential election brought out a whole herd of terribly irresponsible voters.
I guess those voters could have been like a lot of others and just not voted, right?
So long and thanks for all the fish!
`·.¸¸.·´¯`·.. ><((((º>`·.¸¸.·´¯`·.¸><((((º>
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03-29-2010 04:26 PM  10 years ago
Dennis (RIP)

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I guess those voters could have been like a lot of others and just not voted, right?
Whats the point? They didn't.
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03-29-2010 05:10 PM  10 years ago
ScottV

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Whats the point? They didn't.
My point is I am tired of people blaming those that voted for what the president has done. Maybe if those that did not vote, had voted for the other people running maybe things might have been different and someone else might be in office.
So long and thanks for all the fish!
`·.¸¸.·´¯`·.. ><((((º>`·.¸¸.·´¯`·.¸><((((º>
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03-29-2010 05:13 PM  10 years ago
Dennis (RIP)

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My point is I am tired of people blaming those that voted for what the president has done. Maybe if those that did not vote, had voted for the other people running maybe things might have been different and someone else might be in office.
To late now. No sense in looking back. That will accomplish nothing at this stage.

Just look forward to this coming November when we can vote OUT OF WORK the loony far lefties in our Congress & Senate.

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03-29-2010 06:54 PM  10 years ago
fla heli boy

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cape coral, florida

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Love it. Collect all these taxes now and do nothing for 4 years. Do we really think that they will collect these taxes and lock it away until 2014??? That money has been spent already.
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03-29-2010 08:35 PM  10 years ago
Mike0251

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April 21 they (the company execs) are being called to a congessional hearing as to WHY they said this! More Chicago thug intimidation. How dare you say this is costing money..etc etc etc. Pr*cks.
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03-29-2010 10:00 PM  10 years ago
Dennis (RIP)

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Oregon

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April 21 they (the company execs) are being called to a congessional hearing as to WHY they said this! More Chicago thug intimidation. How dare you say this is costing money..etc etc etc. Pr*cks.
If those so called execs had any balls at all, they would cut loose and let those dip sh*t Senators have it full bore at those hearings on live TV with NO warning what so ever.

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03-29-2010 10:36 PM  10 years ago
fla heli boy

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...........and let them know that with the new campaign finance laws, they're going to throw all the money they can into the coffers of anybody running against the people that voted yes for this bill. That MIGHT get their attention Dennis.
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03-29-2010 10:48 PM  10 years ago
Dennis (RIP)

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Oregon

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That MIGHT get their attention Dennis.
I think they already have in a sort of way.

But, if they do that at open hearings, it might tend to shut them SOB's up.

Especially that Waxman clown from Palosi's area.

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03-29-2010 11:49 PM  10 years ago
Mike0251

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And it is HE that has called these hearings!
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03-30-2010 02:58 AM  10 years ago
Damper

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Point Blank TX USA

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Three letters to sum up

FUO!!!!!!!!!!!
Full Throttle Spooning Leads To Forking
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