break out the brass knuckles...
[REGURGE: More on this --tecs]
[RE-REGURGE: Waxman will be a busy man. -- tecs]
REREREGurge: da Pru piles on Obambi and the Bribeocrats.
REREREREgurge for EADS competitor, some minor company that makes some shit or other, but Tecs doesn't like them.
Wednesday, March 31, 2010
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16 comments:
Good question at the end: why didn't AT&T, Verizon, etc, etc speak up before -- they had plenty of time to figure out how bad this snake oil is for them. Now Waxman snaps his fingers, and they'll just snap to attention. They call this a "free enterprise" system?
In the meantime, Michael Moore says we're moving too slowly down the Glorious Road to Socialism. Hurry up, willya?
Probably ATT and the rest didn't want to take sides and piss off customers by coming out against a piece of legislation.
Also, the Dems are in so they could retaliate, as they are doing.
The public companies have to keep in their books what their expenses will be for everything or the SEC will come after their ass.
Hmmm A lot of the big companies (including the health insurance companies, and of course GE) pulled hard for Obamacare. I'll let you figure out why, but it doesn't matter too much -- bottom line is that the so-called free enterprise sector is either shrinking or losing its autonomy at a fast rate. Pretty soon, we'll have more state control of the economy than, say, France or Canada. I don't see the big companies as much as raising a peep about that. Do you?
Ah, National Socialism.... it's not just the Future, it's a Misadventure!
Steyn makes an interesting comment:
3M Corporation announced that it was taking a 12 cent per share charge to earnings for the effects of the health care bill. The costs here are really of two varieties. First, is the hard costs that shows up on company’s income statement and is reflected in the reduced earnings per share. The second cost is the effect of the reduced earnings per share on the company’s market value. 3M sells for about 18 times its earnings per share which means that a 12 cent charge reduces the stock price by about $2.16. Multiply that by 711 million shares outstanding and you get a reduction in the market value of the company of about $1.5 billion.
That's one business. It would be interesting to know just how much value last Sunday's vote instantly vaporized at, say, the S&P 500 companies.
Just an unmitigated disaster.
Alinsky smiles.
Any chance of that bucktoothed cocksucker Waxman being voted out? He's probably from Pelosiland or some other Gucci-Stalinist enclave.
No way. He's Congressman-for-Life from Hollywood/Santa Monica/Beverly Hills. From wiki:
In 1974, Congressman Chet Holifield announced his retirement after 32 years in Congress. Waxman won the Democratic nomination for the district. This was tantamount to election in this heavily Democratic district. He has been reelected 16 times, never facing substantive opposition. He faced no major-party opposition in 1986, and was completely unopposed in 2008.
Who needs gerrymandering in Cali? The whole goddam state is nuts.
Not the whole state -- there are some pockets of sanity around San Diego, for example.
God bless their hearts.
Hey, I could use a Stone IPA before they slap a 20% VAT tax on it. Haven't had one in ages. They heard of it in Eurasia?
It's not just the big corporations taking a hit to the bottom line. All those young people so enamored with hopey changey will soon have to pony up. More:
Young people were the age demographic most likely to support Obamacare during the health-care debate (perhaps because a lot of media didn't write this story until after the bill was passed), and most will likely happily acquiesce in its costs.
Ulululululu. We are all Pepeans now.
What does the former Enron adviser say about all this?
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