From The Wall Street Journal we hear that Caterpillar Takes a Hit on Health Care...
Caterpillar was joined by John Deere in announcing their increased health care costs....
These expenses are not ultimately born by the corporations. Whether it's a corporate tax, an environmental tax, a health car tax, or the cost of raw materials and labor, expenses are ultimately passed on to the consumer as increased prices for goods. Not only does this make the citizens of the US poorer,but In a global economy this makes American Corporations less competitive and when they are less competitive they provide fewer jobs. (See GM, Ford) This is yet another step in the great wind-down of America fostered by the progressive movement.
There is no free lunch nor is there free health care and running it through the gov. only exacerbates the costs. It seems that Obama believes otherwise. He even claimed that business would see a 3000% reduction in costs with the passage of his plan.
Leaving aside the ignorance in stating that something would reduce costs by over 100%, Obama lied. I realize that in a storm dishonesty one lie can seem inconsequential, but a lie is a lie and should be called out as such.
Bob Etheridge supported this dishonesty, the lie that ObamaCare is a cost savings, with his vote for Obamacare.
North Carolina is better than Bob Etheridge and his support for ObamaCare is an embarrassment for this state. Bob Etheridge is an embarrassment for North Carolina.
Oust Bob Etheridge as NC-2 from office this November.
out
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.
Caterpillar was joined by John Deere in announcing their increased health care costs....
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.
These expenses are not ultimately born by the corporations. Whether it's a corporate tax, an environmental tax, a health car tax, or the cost of raw materials and labor, expenses are ultimately passed on to the consumer as increased prices for goods. Not only does this make the citizens of the US poorer,but In a global economy this makes American Corporations less competitive and when they are less competitive they provide fewer jobs. (See GM, Ford) This is yet another step in the great wind-down of America fostered by the progressive movement.
There is no free lunch nor is there free health care and running it through the gov. only exacerbates the costs. It seems that Obama believes otherwise. He even claimed that business would see a 3000% reduction in costs with the passage of his plan.
Leaving aside the ignorance in stating that something would reduce costs by over 100%, Obama lied. I realize that in a storm dishonesty one lie can seem inconsequential, but a lie is a lie and should be called out as such.
Bob Etheridge supported this dishonesty, the lie that ObamaCare is a cost savings, with his vote for Obamacare.
North Carolina is better than Bob Etheridge and his support for ObamaCare is an embarrassment for this state. Bob Etheridge is an embarrassment for North Carolina.
Oust Bob Etheridge as NC-2 from office this November.
out
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