I can’t help it. I am ROFL, LMAO and LOL. Less than 10 days after Zero-care went into effect, The Thief/Briber/Godfather/Narcissist- in Chief is apparently going to need a new home. He is feeling the first “ill-effects” (pun is intended) of his rammed-into-law Health Care bill. The fallout is already in a “free fall.”
Several large companies, among them Deere & Co, Caterpillar, AT & T, and AK Steel Holding announced they were taking massive charges because of devastating effects of the law. More companies are expected to follow suit.
The companies are taking the charges because in 2013 they will lose a tax deduction on tax-free government subsidies they have had when they give retirees a Medicare Part D prescription-drug reimbursement. Many of these companies have more than 100,000 retirees each. AT&T may have more than three-quarters of a million retirees to cover.
We tried to tell you Mr. Obama. Like a little kid not listening to his mother you just had to have your way. Your power-grab and faux-care law is already coming back to bite you in the butt. And like the little spoiled brat that you are, you are now stomping your feet and screaming “NO! NO! NO!” It’s even gotten to the point where you are saying “it’s a GOP plot.”
At least he didn’t “blame it on Bush.”
It’s even been reported that The One is so distressed he is calling the CEO’s of these companies and telling them he is being “embarrassed.” That’s what you get for not playing nicety-nice, Mr. Obama. It always comes back to haunt you.
And this is the best part. Now we are apparently going to be paying beaucoup taxpayer bucks because Henry “Incompetent” Waxman and Bart “Judas” Stupak have announced they will be holding hearings in April to investigate the claims of these companies. Sigh.
According to a New York Times article, James A. Klein, the president of the American Benefits Council, called the provision
“a serious mistake that is having negative and unintended consequences.”
More “fallout” to come, I am sure of that.
Just make sure you don’t tell Biden where the shelter is. I recommend taking him there blindfolded.
