John on March 28, 2010 at 4:26 pm
Power Line has the story. Shortly after the bill passed, several large companies announced that the economic impact of the bill would be severe:
Caterpillar said Obamacare will cost it an additional $100 million in the first year; Medtronic warned that the new tax on its products “could force it to lay off a thousand workers;” Verizon told its employees that it “will likely have to cut healthcare benefits to offset the new costs;” and AT&T announced that it will record a $1 billion non-cash expense in the first quarter and “will be evaluating prospective changes to the active and retiree health care benefits offered by the company.”
Apparently, Democrats didn’t like the message and decided to demand that the companies testify before Congress at a hastily arranged hearing just a few weeks away. Click the link above to read the entire letter, but here’s the core of it:
…your assertions are a matter of concern. They also appear to conflict with independent analyses…
To assist the Committee with its preparation for the hearing, we request that you provide the following documents from January 1, 2009 through the present: (1) any analyses related to the projected impact of health care reform on AT&T; and (2) any documents including e-mail messages, sent to or prepared or reviewed by senior company officials related to the projected impact of health care reform on AT&T.
It is signed by Henry Waxman and Bart Stupak.
Obviously the Democrats are trying to punish anyone who dares to speak out against the reform bill. Does the government have the right to demand 14 months of company e-mails simply because the company makes statements which don’t line up with Democrats PR goals? Apparently so.
Am I the only one who finds this use of government oversight a bit fascistic? And transparently so.
Category: Health & Education |