Monday, March 29, 2010

"Hey, you can't say that!"

Via the Post-Partisan Examiner:

On Saturday the Wall Street Journal wrote,
It's been a banner week for Democrats: ObamaCare passed Congress in its final form on Thursday night, and the returns are already rolling in. Yesterday AT&T announced that it will be forced to make a $1 billion writedown due solely to the health bill, in what has become a wave of such corporate losses.
Commerce Secretary Gary Locke took to the White House blog to write that while ObamaCare is great for business, "In the last few days, though, we have seen a couple of companies imply that reform will raise costs for them." In a Thursday interview on CNBC, Mr. Locke said "for them to come out, I think is premature and irresponsible."

Meanwhile, Henry Waxman and House Democrats announced yesterday that they will haul these companies in for an April 21 hearing because their judgment "appears to conflict with independent analyses, which show that the new law will expand coverage and bring down costs."
Now, let me get this straight. Under the laws passed by the federal government, corporations are required to immediately restate their earnings to the SEC and stockholders any time their liabilities take a new hit, including health care liabilities. Some big corporations have already done so. But that contradicts the New Truth of expanded coverage and reduced costs. the green baize table! Go!

What are they supposed to do? Lie about it? They're government-created corporations, which is bad enough. But at least they're not politicians. Lying isn't foreign to them, god knows, but it isn't part of their job description.

1 comment:

Kevin Wilmeth said...

Come-To-Jesus meetings for everyone who doesn't yet understand how Pravda works! (It actually reminds me of the "Play Ball" sequence in the film Johnny Dangerously.)

This won't be the last we hear of that concept.