That’s what’s amazing here. Democrats enact Obamacare with a zillion new taxes and then are shocked — shocked — when corporations disclose what it’s going to cost them.
As the Wall Street Journal pointed out, financial regulations require — require — that a company immediately restate its earnings when there is a change in the status of the present value of its medical liabilities, which is what these guys have done. If you don’t, you go to jail.
Now, what’s troubling here is not that the administration is only trying to get companies to . . . hide the fact that [Obamacare] is going to cost, [that] it’s not a free lunch as it has been pretending — but it’s the attitude of the Democrats in Washington. It [Washington] takes over businesses: Chrysler, G.M. it takes over student loans, it nationalizes it [the student loan business] without a debate at all. And then there is also this attitude that Chairman Waxman will call on the carpet a corporation CEO to explain its actions as if corporations aren’t independent entities who produce a product to make a profit but agents or wards of the government who have to answer for every action.
It’s the kind of corporatism you see in Europe.
I love watching every one of those stories go by. I’ve been awful about linking to them, tho…