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After earlier passing the U S Senate, yesterday on March 25, 2010, with the bang of the gavel, U S House Speaker Susan Pelosi signaled that the
Health Care and Education Reconciliation Act passed with 220 YEA votes and 207 NAY votes.
<!-- m --><a class="postlink" href="http://www.cnn.com/2010/POLITICS/03/25/health.care.main/index.html?hpt=Sbin">http://www.cnn.com/2010/POLITICS/03/25/ ... l?hpt=Sbin</a><!-- m -->
What a historic day and soaring accomplishment for "We, the People" ! Nearly every President of both parties, beginning with Theodore Roosevelt ® in 1912 have advocated for a comprehensive health care system for America's citizens, and yesterday,this moved so much closer to becoming a
full reality.
Now onto The President to become Public Law ...
<!-- m --><a class="postlink" href="http://www.msnbc.msn.com/id/36050884/ns/politics-health_care_reform/">http://www.msnbc.msn.com/id/36050884/ns ... re_reform/</a><!-- m -->
So what is in this exciting and life-affirming legislation? Here you go, a most informative article as to the implementation of this dynamic new set of laws,
many which will begin to help real hurting Americans this year...
<!-- m --><a class="postlink" href="http://www.politicsdaily.com/2010/03/26/health-reform-a-year-by-year-list-of-what-happens-and-when/?icid=main|hp-desktop|dl1|link1|http%3A%2F%2Fwww.politicsdaily.com%2F2010%2F03%2F26%2Fhealth-reform-a-year-by-year-list-of-what-happens-and-when%2F">http://www.politicsdaily.com/2010/03/26 ... nd-when%2F</a><!-- m -->
BRAVO for a historic and life-affirming job well done, Mr. President, U S House Speaker Susan Pelosi, U S Senate Majority Leader Harry Reid along with many others, including our very own U S Senator Dick Durbin ! BRAVO ! 
-- WT Reader
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Well, so far AT&T, Caterpillar, and John Deere have made announcements-- with many more to follow-- regarding this bill and what it is going to mean for them( shareholders,employees,etc.). You can bet your last dollar on the fact that their legal staffs have been going over the legal and business implications of this piece of socialist legislation since they got their hands on it. Wait until their employees find out what it is going to cost them. Maybe the leftists should put a gag order on corporate America. We, the People, can't allow these evil corporate types to speak the truth.
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ClassicalLib17 Wrote:Well, so far AT&T, Caterpillar, and John Deere have made announcements-- with many more to follow-- regarding this bill and what it is going to mean for them( shareholders,employees,etc.). You can bet your last dollar on the fact that their legal staffs have been going over the legal and business implications of this piece of socialist legislation since they got their hands on it. Wait until their employees find out what it is going to cost them. Maybe the leftists should put a gag order on corporate America. We, the People, can't allow these evil corporate types to speak the truth.
Oh ... so what are the "annoucements" they have made? I don't see any content of these alleged "announcements" here.
-- WT Reader
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<!-- m --><a class="postlink" href="http://hotair.com/archives/2010/03/25/farm-equipment-manufacturers-take-deep-hits-from-obamacare/">http://hotair.com/archives/2010/03/25/f ... obamacare/</a><!-- m -->
a Scary McShame.
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I'm sorry, I forgot you only watch the Mainstream Media, you know, all the news outlets that are getting trounced in the ratings because they don't actually report the news. I guess you will have to watch Fox News, the only fair and balanced news programming available in the world today. " The problem with socialism is that eventually you run out of other peoples money" Margaret Thatcher
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ClassicalLib17 Wrote:I'm sorry, I forgot you only watch the Mainstream Media, you know, all the news outlets that are getting trounced in the ratings because they don't actually report the news. I guess you will have to watch Fox News, the only fair and balanced news programming available in the world today. " The problem with socialism is that eventually you run out of other peoples money" Margaret Thatcher
Again, I ask you to show me the content from the actual companies you earlier cite that have allegedly made "annoucenemts" regarding their corporate perspective on Health Care Reform.
Regarding your comment above "I'm sorry, I forgot you only watch the Mainstream Media.." how do you know what news media I "watch"? Have you witnessed what I "watch"?? Further, what business is if of yours what I "watch" or don't "watch"?
And as to the use of the term "socialism" in your response above, how does that fit into any discussion as to the year by year schedule of what the newly enacted health care reform law will bring to American citizens (which is the topic of this thread)?
-- WT Reader
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Scary scary scary.
Caterpillar announced last week that it would take a $100 million hit from the mandates in ObamaCare, and yesterday, they made it official. As a publicly-traded firm, Caterpillar had to reveal the major change to its financial standing to its investors:
Caterpillar Inc. said Wednesday it will take a $100 million charge to earnings this quarter to reflect additional taxes stemming from newly enacted U.S. health-care legislation.
The worldâs largest construction equipment manufacturer by sales, warned last week that provisions in the legislation would subject the company to federal income taxes on the subsidies it receives for providing prescription drug benefits for its retirees and their spouses. â¦
The charge is expected to be a one-time cost, but Caterpillar has argued that higher taxes and other potential cost increases related to insurance coverage mandates in the legislation will hinder the companyâs recovery this year after a 75% plunge in income during 2009.
âFrom our point of view, a tax increase like this cannot come at a worse time,â said Jim Dugan, a Caterpillar spokesman.
As it happens, Caterpillar isnât alone, not even among its competitors. In fact, the massive charge actually amounts to less than what John Deere had to announce today:
Farm equipment maker Deere expects after-tax expenses to rise by $150 million this year as a result of the health care reform law President Barack Obama signed this week.
Most of the higher expense will come in Deereâs [DE 60.94 0.45 (+0.74%) ] second quarter, the company said on Thursday. The expense was not included in the companyâs earlier 2010 forecast, which called for net income of about $1.3 billion. â¦
The law could raise expenses for large U.S. employers. Industrial companies, which typically have large numbers of retirees, may be among those facing the biggest bill. Caterpillar had argued before the legislation passed that health reform would put it at a disadvantage against global competitors.
Now we have two American-based manufacturers that suddenly have a quarter of a billion dollars less capital than they did on Saturday. Thatâs just two companies. How much more capital will that grab from American businesses? Weâll start seeing it in their financial disclosures soon enough, and it will run into the tens of billions of dollars, perhaps more.
Some may say, Well, great! It pays for ObamaCare. It also takes the cash that would have fueled expansion, new job creation, and retirement income and sticks it into the hands of government bureaucrats. It will massively bleed the economy at a point in time where we desperately need the private sector to invest in itself and create new jobs and new opportunities.
Instead, those manufacturing jobs will simply go outside the US. If John Deere or Caterpillar doesnât move them overseas, then foreign manufacturers will take up the slack instead. There would have been no good time for ObamaCare, but this is the absolutely worst time of all to impose these backbreaking taxes on the private sector. Expect unemployment to remain high, and perhaps even go higher, as a result of Congressâ work.
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JazminH Wrote:The worldâs largest construction equipment manufacturer by sales, warned last week that provisions in the legislation would subject the company to federal income taxes on the subsidies it receives for providing prescription drug benefits for its retirees and their spouses. â¦
The charge is expected to be a one-time cost,
The free market solution wouldn't give them gov subsidies to begin with. Talk about looking a gift horse in the mouth...
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