Yesterday, Caterpiller announced a huge accounting charge because of this healthcare idiocy. Late last night, AT&T announced a $1-billion charge-off due to the same thing. John Deere announced a mulit-million-dollar charge against profits to fund this horrendous, jobs-killing bill.
I have no idea how many of you have ever run companies, but one of the inescapable facts of corporate life is you need to factor in all the costs and charges to determine the price of your goods or services. Then, you need to determine if there is a market for those goods or services at your cost plus whatever margin of profit you include in your calculations. If there is no profit, then it's just not worth the effort. If it is too costly, you will have no buyers and will soon be out of business.
Now, AT&T was just told they need to charge the consumer $1-billion more for the services provided--just to stay at the same level as last year (which wasn't all that good). Caterpiller was told they need to charge hundreds of millions more for same things they sold this year at millions less.
Look for John Deere and Caterpiller and countless other manufacturers to relocate someplace out of the country--taking thousands of jobs with them. And look for a substantial increase in your phone bill. We have an a$$ in the White House who is determined to bankrupt this nation. And themasses (insert a space where you deem it most suitable) put him there.
I continue to weep for my country.
Crusader