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Aetna: Premiums Will Go Up Because of ObamaCare

You knew this and I knew this and the vast majority of voters knew this. Now health insurers are saying it out loud.

Jim Geraghty spotted it in an interview with Aetna's CEO:

Will insurance premiums go up?
The answer is yes, and some of the things that will drive those premiums are significant additional taxes the industry will ultimately have to pay in the first year.

The President said that this bill would not have any impact on people who already had coverage, that it was about the uninsured, that there would be no change. Will this legislation change the coverage of people who are already paying for it?
My perception is, yes, things will change. You might not have a plan that includes the exact same doctors. You might have plans that have richer benefits, and therefore you're going to pay more for benefits you may or may not want. It would have been a better message to say, we're going to make certain you maintain your eligibility.

Watch out, Mr. CEO man, I'm sure Waxman and Stupak will be happy to add you to their list of people to mock, slander, and abuse at their congressional "investigation" next week.

Posted by: Gabriel Malor at 12:45 PM




Comments

(Jump to bottom of page)

1
buh-bye, Aetna

Posted by: This is Concerned at March 29, 2010 12:46 PM (3njmu)

2 "For those who already have an insurance policy you like, you will be able to keep that policy, and premiums will go down!"

Hopey Changey has no shame. None.


Posted by: Intrepid at March 29, 2010 12:47 PM (92zkk)

3

Watch out, Mr. CEO man, I'm sure Waxman and Stupak will be happy to add
you to their list of people to mock, slander, and abuse at their
congressional "investigation" next week.

Posted by: Gabriel Malor at 12:45 PM

Ain't no trials like show trials!

Posted by: The Democrat Directorate at March 29, 2010 12:47 PM (7BU4a)

4 Don't see what the SURPRISE is. Even the CBO said that premiums would go up.

Posted by: GarandFan at March 29, 2010 12:47 PM (6mwMs)

5 I think it's time for another 'Hutaree', IFYKWIMAITYD.
Okay, who put gibberish on the end of my Teleprompter?

Posted by: Barack Obama at March 29, 2010 12:48 PM (FkKjr)

6 Premiums go up: Democrats say: "It will save money!"

Taxes go up: Democrats say: "It will cut costs!"


Democrats lie.

Posted by: Lemon Kitten at March 29, 2010 12:48 PM (0fzsA)

7 For those who already have an insurance policy you
like, you will be able to keep that policy, and premiums will go down!"Hopey
Changey has no shame. None.

Posted by: Intrepid at March 29, 2010 12:47 PM (92zkk)
Sweetie, you're getting a 3000% cut, what more do you want?

Posted by: Barack "The Genius" Obama at March 29, 2010 12:49 PM (7BU4a)

8
The entire bill is a TAX increase. Nothing else.

Posted by: Lemon Kitten at March 29, 2010 12:49 PM (0fzsA)

9 MSM/Democrat response: Paying more for premiums means that in the long run, you're really saving even more. Because you have to spend billions to save dollars.

Posted by: Shibumi at March 29, 2010 12:49 PM (OKZrE)

10 Aetna's about to get a serious case of Nostrilitis.

Posted by: Unclefacts, Summoner of Meteors and Buckets of Scorn for the Left at March 29, 2010 12:51 PM (erIg9)

11 We deserve every bit of this abuse. We are that frikkin' STUPID.

Posted by: rawmuse at March 29, 2010 12:51 PM (pzatg)

12 It's going to take a lot of this to penetrate the Obamoron force field. Most people think John Stewart and Colbert = investigative journalism.

Posted by: ParisParamus at March 29, 2010 12:51 PM (bN5ZU)

13 Too bad we didn't have a large group of people tasked with asking hard questions of people in power, analyzing political rhetoric against fact, and publishing those findings on paper and the web.

Because, you know, they would have come in pretty handy over the past year or so.

Posted by: Slublog at March 29, 2010 12:52 PM (qjKko)

14
Stupid detrimental economy-killing democrat mantra: We can tax ourselves rich!


Posted by: Lemon Kitten at March 29, 2010 12:52 PM (0fzsA)

15 Will insurance premiums go up?
The answer is yes, and some of the things that will drive those premiums
are significant additional taxes the industry will ultimately have to
pay in the first year.

Uh, wait. They put taxes on, like, uh, evil business n'stuff. Why do I have to pay more?

Posted by: Some O Voter at March 29, 2010 12:52 PM (7BU4a)

16 I'd like to see Waxman call in the states when they start to complain about their new Medicare costs.

Posted by: nickless at March 29, 2010 12:52 PM (MMC8r)

17
Nothing else.

ahhhh, not necessarily, ah, there, little goyl...

it's far more insidious, intrusive, and controlling than that

Posted by: This is Archie Bunker at March 29, 2010 12:52 PM (3njmu)

18 What kind of a fucking kangaroo court is this??!!!! What are they being charged with??!!

I think, and hope, the CEO's rip into these evil bastards with facts and figures.

G-d how I utterly fucking hate these people. I really, really do.

REPEAL and RESCIND in '10 & '12

Posted by: J.J. Sefton at March 29, 2010 12:53 PM (9Cooa)

19 Stupid detrimental economy-killing democrat mantra: We can tax ourselves rich!

Posted by: Lemon Kitten at March 29, 2010 12:52 PM (0fzsA)
Hey, *we* can. The country's taxpayers? You guys are screwed.

Posted by: Some Government Bureaucrat at March 29, 2010 12:53 PM (7BU4a)

20
We had to kill granny in order to save her.

Posted by: Dr BaRack at March 29, 2010 12:53 PM (Oxen1)

21 Newsbreak: FBI arrests Aetna CEO in connection with Right Wing Insurance Militia.

Posted by: conscious and waiting for the imitation lesbian sex my RNC contribution paid for at March 29, 2010 12:53 PM (Vu6sl)

22 My family's plan is through Aetna. I hope nothing happens to them because of this interview, but I'm only fooling myself.

Posted by: EC at March 29, 2010 12:54 PM (mAhn3)

23 If you like your Insurance Militia, you can keep your Insurance Militia.

Posted by: Barack "Can I be anymore fair? at March 29, 2010 12:55 PM (Vu6sl)

24 We had to kill granny in order to save her.

Posted by: Dr BaRack at March 29, 2010 12:53 PM (Oxen1)
Hey, we gave her the pain bills, what more do you want?Is it my fault she isn't the grandmother of a powerful Democrat?

Posted by: Barack Obama at March 29, 2010 12:55 PM (7BU4a)

25 As a health insurance broker, I can tell you with great certainty that rates are going UP. That is straight from the mouths of quite a few folks I deal with at major insurance carriers. There is no way under this bill that they will not go up.

Posted by: RobG at March 29, 2010 12:56 PM (KR53s)

26 Why wasn't this stated before the bill was voted on? >_<

Posted by: vai2112 at March 29, 2010 12:57 PM (TcILN)

27 Newsbreak: FBI arrests Aetna CEO in
connection with Right Wing Insurance Militia.

Posted by: conscious and waiting for the imitation lesbian sex my RNC
contribution paid for at March 29, 2010 12:53 PM (Vu6sl)
We will smite the kulak who increases insurance costs!

Posted by: Barack "Russian Steel" Obama at March 29, 2010 12:57 PM (7BU4a)

28 22
My family's plan is through Aetna. I hope nothing happens to them because of this interview, but I'm only fooling myself.
Posted by: EC at March 29, 2010 12:54 PM (mAhn3)
Newsbreak: The FBI arrested EC and his entire family for their financial connections with the Aetna Insurance Militia. Details to follow.

Posted by: Barack "Administrator of all that is good" Obama at March 29, 2010 12:57 PM (Vu6sl)

29 11
We deserve every bit of this abuse. We are that frikkin' STUPID.

Only 52% of us.

Posted by: Shibumi at March 29, 2010 12:58 PM (OKZrE)

30 If you like your plan, you can keep your plan. Pay up, suckers.

Posted by: Barry! at March 29, 2010 12:58 PM (fGMGp)

31 It's not paying more. It's paying your fair share.
There. Don't you feel better about it now?

Posted by: Nancy "Stretch" Pelosi at March 29, 2010 12:58 PM (QKKT0)

32 Paging Dick Durbin, Dick Durbin please pick up the white courtesy phone.

http://tinyurl.com/yasmbt6

Posted by: Tami at March 29, 2010 12:58 PM (VuLos)

33
We deserve every bit of this abuse. We are that frikkin' STUPID.

Who's this "we", Kemosabe?

Posted by: HeatherRadish at March 29, 2010 12:59 PM (mR7mk)

34 25 As a health insurance broker, I can tell you with great certainty that rates are going UP. That is straight from the mouths of quite a few folks I deal with at major insurance carriers. There is no way under this bill that they will not go up.
Posted by: RobG at March 29, 2010 12:56 PM (KR53s)
Ditto! My best friend is also an insurance broker and has said the same exact thing.

Posted by: conscious and quite coherent about insurance rates going up at March 29, 2010 01:00 PM (Vu6sl)

35
It's not paying more. It's paying your fair share.
There. Don't you feel better about it now?

Posted by: Nancy "Stretch" Pelosi at March 29, 2010 12:58 PM (QKKT0)
And my salary.Do you know how hard it is to afford a place in DC, two vacations a year, private school for the kids, and a new hybrid every year on my salary during the Bush years?

Posted by: Some Government Bureaucrat at March 29, 2010 01:01 PM (7BU4a)

36 When's the Aetna CEO going to get a horse-head in his bed for not going along with Chairman Obama's predictions?

Posted by: Kratos (missing from the side of Mt Olympus) at March 29, 2010 01:01 PM (9hSKh)

37 News FlashCorp America and Insurance agencies funded Christian Militia.

Posted by: MSM at March 29, 2010 01:02 PM (eoYse)

38 Oh and in connection with the earlier thread about the no exclusion for previous conditions for kids thing, I am going to openly laugh in the face of every single parent in my office (ie all of them) who voted for Obama when (and it's when not if) The Firm drops even the option for family coverage. Laugh and laugh and laugh.

Posted by: alexthechick at March 29, 2010 01:02 PM (8WZWv)

39 Watch out, Mr. CEO man, I'm sure Waxman and Stupak will be happy to add you to their list of people to mock, slander, and abuse at their congressional "investigation" next week.
Oh, and by the way you make WAY TOO MUCH money so you'll have to step down or take a 50% pay cut.

Posted by: harleycowboy at March 29, 2010 01:03 PM (JKGfQ)

40 ♪ And in the end, the premiums you make will be equal to the taxes the govt. takes.

Oh, laaaaaaa. ♪

Posted by: The Beat-U-les at March 29, 2010 01:03 PM (7VvJB)

41 If you are going to cover people with preexisting conditions, then rates have to go up. Insurance is shared risk, and the proper term for preexisting conditions is guaranteed losses. Unlike the government, businesses can't keep going when they run out of money.

Don't worry, Barry will be right behind you in line at the hospital, for his double lung and heart transplant.

Posted by: MarkD at March 29, 2010 01:04 PM (YhZfg)

42 As has been said for so many things happening already, this needs to be blasted out of the mouths of every single, solitary GOPer every single time they get in front of the TV camera. Maybe, just maybe it will penetrate the skulls of those who walk among us that are gray-matter challenged. Every. Single. Opportunity.

Posted by: Twinks at March 29, 2010 01:04 PM (6JApR)

43 This was always the dumbest of dumbfuck claims.
How the hell can any one gov't bureaucrat, including Prez'nint Deez Nuts!, state how a privately controlled business will conduct their business?
He knew he could stay this (not even with a straight face) because he wouldn't be called on it by the pissants in the media.
And of course, he's almost begging for this outcome. Single payer here we come!

Posted by: laceyunderalls at March 29, 2010 01:04 PM (pLTLS)

44 36 When's the Aetna CEO going to get a horse-head in his bed for not going along with Chairman Obama's predictions?

Is that horse wearing leather?

Posted by: M. Steel at March 29, 2010 01:04 PM (eoYse)

45
Coffin Criticizes Health Care Reform, Called Before Congress

Posted by: This is Candygram...Plumber...Landshark at March 29, 2010 01:04 PM (3njmu)

46 The Coffin has denied any connection to the Aetna CEO.

Posted by: conscious and quite coherent about insurance rates going up at March 29, 2010 01:05 PM (Vu6sl)

47 Too bad we didn't have a large group of people tasked with asking hard questions of people in power, analyzing political rhetoric against fact, and publishing those findings on paper and the web.

You are expected promptly at Room 101.

Posted by: George Orwell at March 29, 2010 01:05 PM (AZGON)

48
I have AETNA. It's already expensive as hell because one of the partners has a sick kid, which drives up the plan costs for the rest of us. I guess I need to go and have everything done this year while I can still afford it.

Posted by: Dang Straights at March 29, 2010 01:05 PM (fx8sm)

49 Posted by: Dang Straights at March 29, 2010 01:05 PM (fx8sm)

When should I be expecting you?

Posted by: The Re-Education Camps at March 29, 2010 01:07 PM (eoYse)

50 48 I have them too, and I agree. Horrible.
Coming from UHC, which was extremely affordable and pleasant to work with, this was a let-down.

Posted by: laceyunderalls at March 29, 2010 01:07 PM (pLTLS)

51
this needs to be blasted out of the mouths of every single, solitary GOPer every single time they get
in front of the TV camera.

Yeah, right. The RNC is more concerned with their bondage lifestyle.

Posted by: Dang Straights at March 29, 2010 01:07 PM (fx8sm)

52 Coffin Criticizes Health Care Reform, Called Before Congress

This coffin dude is getting all the press lately. What am I, the ugly red-haired stepchild?

Posted by: The Peace Blimp at March 29, 2010 01:07 PM (AZGON)

53 Oh, and by the way you make WAY TOO MUCH money so
you'll have to step down or take a 50% pay cut.

Posted by: harleycowboy at March 29, 2010 01:03 PM (JKGfQ)
Hmm, sounds like a good proposal for every government employee in DC not working for the DoD or CIA...

Posted by: 18-1 at March 29, 2010 01:08 PM (7BU4a)

54 Anyone who believed anything the communists said about this bill is incredibly stupid. The signs were every where that it was all a huge lie:

1. First none of them had read the bill, therefore they couldn't say what was in it without lying.

2. They promised 30 million new insured and coverage for preexisting conditions without increasing costs. In fact they promised costs would go DOWN! Can you say not only did they violate the laws of physics by creating a perpetual motion machine, but their machine generates energy as it runs!

3. You can keep your policy even as we force insurance companies out of business and penalize your employer for covering you.

That is just a few of the big things. Nutbag Kacinich didn't switch his vote because he thought this bill was too mild. He switched his vote because OBama went over step by step how all the promsies were lies and the entire thing was a smokescreen to nationalize health care and raise taxes.

If we had a news media everyone would know that BEFORE it had been voted on.

Posted by: Vic at March 29, 2010 01:08 PM (QrA9E)

55 How the hell can any one gov't bureaucrat, including Prez'nint Deez Nuts!, state how a privately controlled business will conduct their business?

Excuse me? "Privately controlled?" Where exactly have you been, hayseed?

Posted by: Barack, Lord of the Flyswatters at March 29, 2010 01:08 PM (AZGON)

56 Another success story for us!

Posted by: Cloward and Piven at March 29, 2010 01:10 PM (OKZrE)

57 OT: Holy shiiiiiz. Go to Michelle and check out the wackadoodle that threatened Cantor.
There's a youtube video.
Yikes.

Posted by: laceyunderalls at March 29, 2010 01:11 PM (pLTLS)

58 Obama, Democrats in rude denial

""We had memos on these issues,
but none of our people, we think, looked at them," says a
[House Energy Democrat] staffer. "When they saw the stories last week about the charges
some of the companies were taking, they were genuinely surprised
and assumed that the companies were just doing this to embarrass
them. They really believed this bill would immediately
lower costs. They just didn't understand what they were voting
on.""

Posted by: Garbonzo the Garrulous at March 29, 2010 01:12 PM (w8ddH)

59 I declare Aetna to be inssssolventttt! pppfffffthttt!

Posted by: The Gobsmackingly Vile Barney Frank at March 29, 2010 01:14 PM (GwPRU)

60 This is a lie . Our president promised us that our premiums will go down by $2500.

Posted by: av at March 29, 2010 01:15 PM (rG4O2)

61 Go to Michelle and check out the wackadoodle that threatened Cantor.

Hey, leave us out of this. We have it on good authority he's a Furry.

Posted by: wackadoodle community at March 29, 2010 01:15 PM (8WZWv)

62 "We" the US Electorate, the 52%, the willingly blind, the bunch of DUPES.

Posted by: rawmuse at March 29, 2010 01:16 PM (pzatg)

63 Our president promised us that our premiums will go down by $2500.
You mean 3000%.

Posted by: EC at March 29, 2010 01:16 PM (mAhn3)

64 When's the Aetna CEO going to get a horse-head in his bed for not going along with Chairman Obama's predictions?

Posted by: Kratos

It won't be a horse's head. It'll will be a camel's head. Just to make sure you get the point.

Posted by: mpfs, I am a chump 'cause I work for a living at March 29, 2010 01:21 PM (iYbLN)

65 nice insurance business you got there Aetna ... It would be shame if it got regulated out of existence ... go along and we'll get along ... in other words stfu ...

Posted by: Jeff at March 29, 2010 01:23 PM (wr8S+)

66 I work for a large university, and they told us months ago (the end of the year during benefit elections) that we should expect our insurance premiums to go up with health care reform, and that this increase would occur BEFORE the next benefit election at the end of 2010. Some of these changes are really going to hurt colleges and universities which will, of course, result in higher tuitions. Another unintended consequence.

Although, since Obama is now in charge of student loans, let the good times roll. Increases in government aid are, in part, what have led to higher tuitions. Students no longer have to worry about paying it all back now...and the university still gets their money from the government...sweet!

Posted by: sydney jane at March 29, 2010 01:23 PM (T8h7U)

67 Which part of "spread the wealth around" did you not understand? Geez, America.

It seems pipe isn't the only thing filled with dope.

Posted by: Joe (Ohio Plumbers R Us) at March 29, 2010 01:23 PM (swuwV)

68 If we only knew the troof: I read this incredulous comment on a Washington Post article about a pending credit crisis. Just think, there are people that actually think this way:

"Republicans like to run up the national debt by killing foreigners.



Democrats like to run up the debt by saving the lives of their fellow
Republicans by ensuring they get health care."

Jesus.....

Posted by: Twinks at March 29, 2010 01:24 PM (6JApR)

69 Coffin called before Congress, Disappears up Henry Waxman's Nostrils.

Posted by: mpfs, I am a chump 'cause I work for a living at March 29, 2010 01:25 PM (iYbLN)

70 When the insurance companies dump their underwriting portfolios, do you think that it will be those billions that depress the market or the massive dislocation of the economy due to everyone scrambling to secure health insurance?

Posted by: Jean at March 29, 2010 01:27 PM (h0rZ/)

71 So we just had a sweeping healthcare bill pass that states expanded healthcare for all ( in a nutshell ), and people DON'T think that they are going to pay more in taxes and services when business tax rates are going to go up.This money is just going to magically appear from.........?
Please tell me the average American isn't this stupid.

Posted by: Bosk at March 29, 2010 01:30 PM (pUO5u)

72 I can't tell if I'm more scared of the true, committed leftists that understand the destructive second-order effects of Obamacare or the dumbshit ones that don't.

Most of Obama's voters are the latter, or at least I think they are.

Posted by: tachyonshuggy at March 29, 2010 01:30 PM (yUybe)

73 The end result is the same tachy. Be afraid of both.

Posted by: Bosk at March 29, 2010 01:32 PM (pUO5u)

74 I'm still waiting for my $2500 rebate. Obamassiah promised! Time to call Costa's and Cardoza's offices again.

Posted by: ExZonie at March 29, 2010 01:34 PM (as47X)

75 Its really fustrating when we here all knew this was coming, tried explaining it to people you talked to/friends/family, and then nobody believes you. Obama said things would get better with this bill!

But when it happens, the bill passes and the worm inevitably turns the reaction from the kool-aid drinkers is "nobody told me this would happen!" predictably. And then they go right back to watching the alphabets and wonder why they are so insulated from reality.

Posted by: Gaff at March 29, 2010 01:35 PM (jDWYv)

76 Most carriers will exit or severely curtail individual offerings. Small group market (< 50) will see increases ranging from 40% to 300%. All by the end of 2011. Ya know, before all the goodies kick in.
Health care reform you can believe in!

Posted by: Tongueboy at March 29, 2010 01:36 PM (U1Ib2)

77 Garbonzo the Garrulous RE Obama, Democrats in rude denial

Good link and wholly unsurprising. Economic illiterates and saboteurs both head and infest the Executive and major segments of the Legislative.

There's a bucketload of fail in that piece. While the schadenfreude for Europe takes some of the edge off, the realization that we have about 2.5 more years of this catastrophe is still terribly depressing.

Posted by: AnonymousDrivel at March 29, 2010 01:43 PM (swuwV)

78 71 Jean: . . . or the massive dislocation of the economy due to everyone scrambling to secure health insurance?

Hey, everyone should just calm down. Get copies of "Surgery for Dummies," "Do it Yourself Dentistry," and "Bathtub Pharmaceuticals: Not Just for Drug Dealers Anymore!" Those plus a stick to bite down on, a fifth of whiskey, and a box of band aids, and you're all set.

Posted by: MaureenTheTemp at March 29, 2010 01:50 PM (8kq7+)

79 "The President said ... "
Gee, if only we had a Rosetta Stone to decode the accuracy and veracity of what follows those three words.

Posted by: FireHorse at March 29, 2010 01:55 PM (cQyWA)

80 "The President said ... "
Gee, if only we had a Rosetta Stone to decode the accuracy and veracity of what follows those three words.

Posted by: FireHorse at March 29, 2010 01:55 PM (cQyWA)
No stones or roses necessary. You know that whatever follows is a lie. 100% accuracy on that account.So, with The Precedent, you just have to ask negative questions in order to get the lying Indonesian to tell you what will NOT be, in order to know what will be. He's from the lying tribe in the riddle of the fork in the road.

Posted by: progressoverpeace at March 29, 2010 02:06 PM (N49h9)

81 Let me make this umm perfectly clear, This umm simply means umm that we, as a nation umm need a s___le payer ummm system to offer an umm replacement alternative to these greedy health insurance profiteers umm companies.

Posted by: I won - Bitches at March 29, 2010 02:07 PM (uuZjB)

82 Aetna must be racist.

Posted by: Bilwick at March 29, 2010 02:07 PM (AktpP)

83 Did this site just censor the word single s i n g l e?

Posted by: I won - Bitches at March 29, 2010 02:10 PM (uuZjB)

84 "Too bad we didn't have a large group of people tasked with asking hard questions of people in power, analyzing political rhetoric against fact, and publishing those findings on paper and the web. Because, you know, they would have come in pretty handy over the past year or so."
Just what I've been wondering. Why the $%#* is this stuff just coming out now. Had the same question about John Deere, Caterpiller, etc. tax problems. These people had to know. Why were they not working against the bill? What the heck is up?

Posted by: RM at March 29, 2010 02:11 PM (GkYyh)

85 Most carriers will exit or severely curtail individual offerings. Small group market (< 50) will see increases ranging from 40% to 300%. All by the end of 2011. Ya know, before all the goodies kick in.
Health care reform you can believe in!
Don't think for a minute that this is a problem for the prez. It'sa problem for you, for the prez, it's an opportunity that shall not be allowed to go to waste.

Posted by: Max Entropy at March 29, 2010 02:14 PM (uuZjB)

86 Just what I've been wondering. Why the $%#* is
this stuff just coming out now. Had the same question about John Deere,
Caterpiller, etc. tax problems. These people had to know. Why were they
not working against the bill? What the heck is up?


Posted by: RM at March 29, 2010 02:11 PM (GkYyh)
Why so surprised? This is exactly the same thing that happened with the Porkulus (and Cat was involved in that, too, though they spoke up a bit earlier - to little effect, anyway) except that this health scare is so much more disastrous and un-Constitutional. What is amazing is that The Precedent and the dem junta was allowed to pull this exact same crime twice in less than a year. Amazing, really.

Posted by: progressoverpeace at March 29, 2010 02:15 PM (N49h9)

87 Use their own propaganda against them. Obama told us that we'd all get a $2,500 discount on our policys. Don't tell them they lie. no no.
Confront them and ask them for the money we were promised. At town halls, or (hello 'reporters') press conferences. Remember... we were called racists and bigots for saying Obama was lying about this..
Throw it back in their faces... with maximum awkwardness.. hehe.. get an old grandma whos on welfare to use a sob story while confronting one of these fools.
These people are the enemy. There is no such thing as honest debate thanks to them.

Posted by: Little Orenthal at March 29, 2010 02:23 PM (9vQ7f)

88 Everybody that has insurance should save their monthly bill. When the rates go up send a copy of each to your Senator, Representative and to DUUH WON.

Posted by: harleycowboy at March 29, 2010 02:52 PM (JKGfQ)

89 Just what I've been wondering. Why the $%#* is
this stuff just coming out now. Had the same question about John Deere,
Caterpiller, etc. tax problems. These people had to know. Why were they
not working against the bill? What the heck is up?

From the Am Spec link at 78...


"Most of these people [in the Administration] have never
had a real job in their lives. They don't understand a thing
about business, and that includes the President," says a senior
lobbyist for one of the companies that announced the charge. "My
CEO sat with the President over lunch with two other CEOs, and
each of them tried to explain to the President what this bill
would do to our companies and the economy in general. First the
President didn't understand what they were talking about. Then he
basically told my boss he was lying. Frankly my boss was
embarrassed for him; he clearly had not been briefed and didn't
know what was in the bill."

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