Obama Gloats in Iowa While Corporations Announce Huge Health Care Charge-Offs

Barack Obama, the Polarizer-in-Chief, flew to Iowa yesterday to gloat to the foolish Hawkeyes who started him on his quest for the Presidency. He loves to give speeches and wondered where the asteroids that the Republicans said were coming. Where was Armaggedon? He touted his wonderful Health Care Reform, while failing to mention that there are 10 years of taxes and 6 years of benefits over the next decade. That's like buying a new car and making payments for two years before you drive it out of the showroom.

Meanwhile, back in the real world, such giant corporations as Caterpillar, Deere, A T & T and Verizon announced huge charges to their earnings to account for Obamanable-Care's new taxes and deductibility of certain health care functions. Already there is talk in the corporate world of reduced health benefits and possible layoffs because of the new health care taxes going into effect. The publicly traded companies MUST make these accounting changes because it is the new law.

So once again, progressives and loser liberals pass laws, take a bow, and then let the worker bees suffer the effects of the law of unintended consequences. Higher taxes means reduced worker benefits and less capital to expand business and create jobs.

To be fair, the IRS will be adding 16,000 bean counters over the next few years.

Change...Arrogance...Higher Taxes...Higher Unemployment...All talk....too much negative action.

Almost forgot - Happy 70th Birthday to Nancy Pandemic Pelosi, the Speaker of the Outhouse.





Signing ceremonies are nice, but the taxpayers have to pay the bill!
 

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