Monday, March 29, 2010
Hope and Change Is Code for Threats and Intimidation
Check out this article in the Washington Examiner. As I noted in an earlier post, numerous large American corporations have announced in the last few days that ObamaCare is going to significantly raise their costs to provide prescription drug coverage for former employees, possibly resulting in loss of benefits. Obviously, this doesn't quite fit with the Democrats' preferred narrative about their health care bill, so they've decided to fix the problem by hauling those companies' executives before a congressional committee and demanding they release all internal documents relating to the impact of the health care bill on their costs. The goal is to intimidate these companies into keeping silent about ObamaCare and to discourage other companies from saying anything critical about ObamaCare in the future. The Democrats are using the full powers of government to force private companies and citizens to keep their mouths shut, Soviet style. OK, maybe not quite Soviet style yet. But definitely Chicago thug-style. These companies are now between a rock and a hard place. By failing to disclose changes that could have a negative impact on their bottom line, they open themselves up to investigation, penalties, and prosecution by the SEC. By disclosing those changes, which happens to reflect poorly on the Democrats' health care legislation, they open themselves up to a partisan witch-hunt by our esteemed Democratic Congress. And we wonder why American companies aren't hiring....
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1 comment:
This sounds like a no-brainer to me. Extending additional medical benefits costs more money. Imagine that. Politicians just refuse to accept that there is no such thing as a free lunch.
I suppose companies could compensate for the increase in mandatory benefits by reducing salaries (resulting in the same value in total compensation).
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