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Health Care Bill has passed

Awww.... How cute. Systemic risk does not seem to be in your vocabulary. Better brush up a bit:2wave:

Systemic risk? LOL, yeah right.

More like heavily unioned companies and liberal-agenda agencies cloaked as financial institutions.

That was about votes and trying to keep the cat in the bag about where this financial mess originated (cough, cough, Frank and Dodd, cough).
 
The math is getting done by US industry..... it AIN'T PRETTY!

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.........................
 
The math is getting done by US industry..... it AIN'T PRETTY!

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.........................

Nothing that laying off 10,000 people won't solve.
 
The math is getting done by US industry..... it AIN'T PRETTY!

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.........................

Closing a corporate tax loophole............I am sure they can find another.
 
Systemic risk? LOL, yeah right.

More like heavily unioned companies and liberal-agenda agencies cloaked as financial institutions.

That was about votes and trying to keep the cat in the bag about where this financial mess originated (cough, cough, Frank and Dodd, cough).

You just do not seem to have a clue about how credit markets function, or how industry interdependency effects non failing firms. Get back to me when you have some decent analysis. I won't be expecting much though :shrug:
 
Nothing that laying off 10,000 people won't solve.

All that will do is lower profits and reduce dividends to stockholders. You people do not seem to know basic economics. If those 10,000 people generate profits only a moron would lay them off. If not, then they should be laid off regardless.
 
All that will do is lower profits and reduce dividends to stockholders. You people do not seem to know basic economics. If those 10,000 people generate profits only a moron would lay them off. If not, then they should be laid off regardless.

LOL

So how do you explain the millions of people who have been laid off the past couple of years?
 
You just do not seem to have a clue about how credit markets function, or how industry interdependency effects non failing firms. Get back to me when you have some decent analysis. I won't be expecting much though :shrug:

I understand implicitly. Fine, inject some cash to keep these dominoes from falling.

But.....

I also understand what happens when you finance this via China because we don't have a nickel to our name, then compound it with an unfunded healthcare plan that will bankrupt all 50 states.

Next up: amnesty for illegals. How are we going to afford THEIR healthcare?
 
LOL

So how do you explain the millions of people who have been laid off the past couple of years?

Well Einstein, it wasn't because of tax increases, now was it?
Do you know what demand is?
 
I also understand what happens when you finance this via China because we don't have a nickel to our name, then compound it with an unfunded healthcare plan that will bankrupt all 50 states.

:shock:

Everyone having access to health care will bankrupt all 50 states because we have a negative trade balance with China? Do you even understand what you are implying?

Next up: amnesty for illegals. How are we going to afford THEIR healthcare?

If that comes to pass, the reality is quite apparent: taxes.
 
:shock:

Everyone having access to health care will bankrupt all 50 states because we have a negative trade balance with China? Do you even understand what you are implying?



If that comes to pass, the reality is quite apparent: taxes.

No....China owns the debt on our failing system of institutions, which I referenced from your previous post. That will be compounded by bankrupting states with additional Medicaid/Medicare obligations when they can't even pay for it right now.

And raising taxes always solves deficit problems, doesn't it? Accept for.....well, never.
 
No....China owns the debt on our failing system of institutions, which I referenced from your previous post.

China (or even Japan as they hold the most treasury debt at the moment) have nothing to do with it. Foreign holdings of treasury debt is a function of a negative current account (although not @ 1:1).

That will be compounded by bankrupting states with additional Medicaid/Medicare obligations when they can't even pay for it right now.

Compounded? :confused:

The worlds financial system nearly exploded a little over a year ago. State and federal budget deficits are to be expected. Care to put a time frame on when the US will default? (much less go bankrupt)

And raising taxes always solves deficit problems, doesn't it? Accept for.....well, never.

USDebt.png


Historical Top Tax Rate
 
No, it's mostly about the fact that in no way can states or people possibly afford this.

Obama has directly or indirectly taken over GM, Chrysler, AIG, Fannie, Freddie, Lehman, numerous banks, etc, and now healthcare. Now he's got amnesty, financial control of Wall Street, and cap and trade in his crosshairs.

No, Obama has not taken over anything. We are not a monarchy. "We the people" have taken it over. Chevy has even hired back some of it's dealers.

Who sang I get off on 57 Chevy..I get off on fiddle and guitars?.......I'm just a country boy? - Yahoo!Xtra Answers
 
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Slightly interesting here. Dingle saying "It will take some time for ObamaCare to "control the people."

Why the hell is he talking like that? Accidentally let secret meeting verbage out?

[ame="http://www.youtube.com/watch?v=qgqJwlJ_m9Q"]YouTube- John Dingle Admits They Want To Control Us[/ame]


The same Dingle that got yelled at by the guy who "infultrated" the town meeting.

[ame="http://www.youtube.com/watch?v=rUg_1S_nog8"]YouTube- Mike Sola Confronts Congressman Dingell at Town Hall Meeting[/ame]
 
Of The People...By The People...For The People... when was To The People added?
 
Of The People...By The People...For The People... when was To The People added?

Like last thursday, where have you been?
 
Desperation. Obama would have agreed to anything to get this healthcare bill passed?

FOXNews.com - Biden: Without Health Care Obama Would Be 'Absolutely Done'

Actually, this tells me that Congressional Republicans were not against the health care bill because of what it was. They were against it because they wanted to do anything they could to defeat Obama politically. This is borne out by the fact that they overwhelmingly approved of Bush's health care bill when he was in office.

Once again, for some, this was not about health care at all, but about political games. Of course, I don't mind the games this time, up to a point, because I didn't want the bill to be passed, but at least I am consistent. I also bashed the Bush bill. Where were you guys then, except telling me how unamerican I was to bash Bush over pretty much the same issue you are now bashing Obama over? And don't tell me that Bush only broke the piggy bank to a smaller degree than Obama did, so it is all on Obama. That is the same thing as saying "We only torture a little".
 
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Denmark has had socialized health care for years. They also have free higher education. It has not destroyed them yet.

I could cite a lot more examples from Yurp but I do not want to bore anybody who is against health care for the people created by the Creator.

First off, they have had socialized healthcare for years... but I'm sure it's run in a drastically different fashion then it's being done according to the new law.

What is the tax rate for those countries with socialized healthcare?? Americans do pay a fair bit less in taxes overall then the countries with socialized health care... and because the people there are accustomed to paying the taxes to be a beneficiairy to that care, there is no real problem with this carrying on like that.

It's not the 'socializing' of health care that is going to destroy the country, but rather, because people are already losing their jobs, the economy is stretched to the limits, and the debt load of the average american is so stretched that to take on an extra 20-30 % tax hike to pay for this care is going to push a great deal of americans over the edge.

And what part of the Obamacare helps corporations?

The part where it was written by the insurance companies so that it could suit THEIR best interests, rather then in the best interests of those that are depending on that health care.
 
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