Henry Waxman, or as Rush refers to him, Henry Nostrilitis Waxman (early pic to the left) is demanding House hearings for the CEO of any company that informs his shareholders that the new health care debacle will cost them money. This is weird, because apparently the law requires CEOs to make such announcements.
The crux of the problem is that nobody who voted for the health care monstrosity bothered to read it. But no matter. As John Conyers pointed out, had they bothered to read it they had no chance of understanding it. So the only thing left for brain-dead politicians to do was to vote for it and let the lawyers haggle over it for the next millennium. After all, how 1776 or 1787 is it to write something in plain language that the people could read and understand in less than an hour like, oh I don't know, say, our two most important and cherished documents the Declaration of Independence and the US Constitution.
We're so much more sophisticated now. It used to take less than ream of paper to set up the foundation for the most successful and long running democratic republic in history. Now it takes 2,700 pages to say, screw you, the American people, the government will run health care. Nice, we've advanced so far.
Now Oh Henry, whose appearance reminds me of a cross between a Star Trek Ferengi and that hideously deformed traitor in the movie The 300, wants to know why companies are reporting that government run health care will cost them several hundreds of millions of dollars. The short answer is, "Because it will and the government requires us to disclose this fact so as not to mislead shareholders or potential investors."
This is just one of oh maybe 10,000 or more unintended consequences of passing a bill nobody understands.
The real problem, as I understand it, is that the government will continue to subsidize a company's prescription drugs for retirees at 28% under Medicare but will not allow the company any tax break on the remaining cost. This is a gross simplification. But the gist is that the new health care bill will not allow companies any tax break on something that's already being subsidized by the government. Fine, that sounds great. I'm all for it. It should have been that way along. Better yet, it should never have been subsidized in the first place.
But it was that way and now the rules have changed. Those changes have affected the bottom line of companies who took advantage of the rules before Demo-Dopes took over health care. So now companies have to adjust their bottom lines in accordance with the new rules.
But because the new bottom line for some of these large companies is pushed several hundreds of millions dollars below previous estimates, Nostrilitis and his merry band of corporate bashers are beginning to pound long spikes into the clubs they plan to beat the CEOs with. After all, how dare they follow the law and report a new bottom line that doesn't make our inept president and his rubber stamp congress look good. They should simply risk serious jail time and fines and report the rosiest picture possible.
It's a no win for the CEOs. If they report honestly, Nostrilitis rolls in on them. If they don't, the SEC rolls in on them and sends them to jail.
I hope these CEOs fly into DC in private jets and really give it to these pompous, lying weasels in congress. When asked why his company released embarrassing numbers on health care, the CEO should respond, "Because you require us to. And unlike the lying tax cheats that populate this body and the administration, we take our responsibility to follow the law seriously."
It won't happen. The CEOs will take their @$$ whippin' and go home flying coach. This is government intervention and intimidation of the scariest sort. Someone needs to stand up to these congressional thugs.
The crux of the problem is that nobody who voted for the health care monstrosity bothered to read it. But no matter. As John Conyers pointed out, had they bothered to read it they had no chance of understanding it. So the only thing left for brain-dead politicians to do was to vote for it and let the lawyers haggle over it for the next millennium. After all, how 1776 or 1787 is it to write something in plain language that the people could read and understand in less than an hour like, oh I don't know, say, our two most important and cherished documents the Declaration of Independence and the US Constitution.
We're so much more sophisticated now. It used to take less than ream of paper to set up the foundation for the most successful and long running democratic republic in history. Now it takes 2,700 pages to say, screw you, the American people, the government will run health care. Nice, we've advanced so far.
Now Oh Henry, whose appearance reminds me of a cross between a Star Trek Ferengi and that hideously deformed traitor in the movie The 300, wants to know why companies are reporting that government run health care will cost them several hundreds of millions of dollars. The short answer is, "Because it will and the government requires us to disclose this fact so as not to mislead shareholders or potential investors."
This is just one of oh maybe 10,000 or more unintended consequences of passing a bill nobody understands.
The real problem, as I understand it, is that the government will continue to subsidize a company's prescription drugs for retirees at 28% under Medicare but will not allow the company any tax break on the remaining cost. This is a gross simplification. But the gist is that the new health care bill will not allow companies any tax break on something that's already being subsidized by the government. Fine, that sounds great. I'm all for it. It should have been that way along. Better yet, it should never have been subsidized in the first place.
But it was that way and now the rules have changed. Those changes have affected the bottom line of companies who took advantage of the rules before Demo-Dopes took over health care. So now companies have to adjust their bottom lines in accordance with the new rules.
But because the new bottom line for some of these large companies is pushed several hundreds of millions dollars below previous estimates, Nostrilitis and his merry band of corporate bashers are beginning to pound long spikes into the clubs they plan to beat the CEOs with. After all, how dare they follow the law and report a new bottom line that doesn't make our inept president and his rubber stamp congress look good. They should simply risk serious jail time and fines and report the rosiest picture possible.
It's a no win for the CEOs. If they report honestly, Nostrilitis rolls in on them. If they don't, the SEC rolls in on them and sends them to jail.
I hope these CEOs fly into DC in private jets and really give it to these pompous, lying weasels in congress. When asked why his company released embarrassing numbers on health care, the CEO should respond, "Because you require us to. And unlike the lying tax cheats that populate this body and the administration, we take our responsibility to follow the law seriously."
It won't happen. The CEOs will take their @$$ whippin' and go home flying coach. This is government intervention and intimidation of the scariest sort. Someone needs to stand up to these congressional thugs.
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