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Thread: The five most promising cost controls in the health-care bill

  1. #21
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    Re: The five most promising cost controls in the health-care bill

    Quote Originally Posted by justabubba View Post
    you speak of REAL MATH when what you demonstrate is a complete ignorance of BASIC ECONOMICS
    only using Whitehouse math ... I know I didn't use $250,000 per $50k job like the Stimulus jobs, but would you care to give me an explanation of my error?
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  2. #22
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    Re: The five most promising cost controls in the health-care bill

    Quote Originally Posted by ConservaBill View Post
    only using Whitehouse math ... I know I didn't use $250,000 per $50k job like the Stimulus jobs, but would you care to give me an explanation of my error?
    the math is not your problem. you seem capable of basic arithmetic
    it is basic economics where you are lost in the weeds

    the article you referenced indicated that john deere forecast earnings of $1.3 Billion, but was going to be about $150 Million short of that pro forma earnings amount because of the projected additional cost associated with new medical expenses (attributable to the Obamacare plan)
    you lept to the wrong conclusion that would cost 3,000 jobs paying $50,000 per job
    to use your "logic" we must then conclude that if john deere broke even, and did not earn any of its projected $1.3 Billion in profits, then it must be expected to shave its work force by 26,000 jobs (also paying $50,000 per job). the company has 51,300 employees. so, using your fuzzy economic "logic", john deere would cut over one half of its work force if it only broke even
    that is not the way businesses are run
    the only thing you would be able to conclude based on the data you had was that the profitability per employee was going to be reduced from $25,341 to $22,417 ... that john deere is anticipating the cost of the plan to absorb $2,924 per employee

    again. your arithmetic skills are adequate. your understanding of economics - and business - is not

    ... you're welcome
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  3. #23
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    Re: The five most promising cost controls in the health-care bill

    Quote Originally Posted by ConservaBill View Post
    Then comes the REAL math...

    Deere sees $150 million hit from healthcare reform

    The law could raise expenses for large U.S. employers.



    Thursday, March 25, 2010
    (Reuters) - Farm equipment maker Deere & Co (DE.N) expects after-tax expenses to rise by $150 million this year as a result of the healthcare reform law President Barack Obama signed this week.

    Most of the higher expense will come in Deere's second quarter, the company said on Thursday. The expense was not included in the company's earlier 2010 forecast, which called for net income of about $1.3 billion.

    Caterpillar Inc (CAT.N) said on Wednesday it would take a $100 million after-tax charge to earnings in the first quarter because the new law will lower its tax deductions. Obama on Tuesday signed the most sweeping U.S. social policy legislation in decades into law.........................

    FOLKS... that is 5000, Five-thousand.... $50,000 jobs GONE! From just 2 companies!

    GREAT JOB OBLABBA!
    Do you have a link to the article?
    The Makeout Hobo is real, and does indeed travel around the country in his van and make out with ladies... If you meet the Makeout Hobo, it is customary to greet him with a shot of whiskey and a high five (if you are a dude) or passionate makeouts (if you are a lady).

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