Waxman cancels Obamacare CEO hearing

[ColonialMarine0431]

Pigman Waxman was going to haul the CEO's of Verizon, AT&T, and John Deere, among others in front of congress because they stated that Obamacare would cost them hundreds of millions or even billions of dollars because it laid a new tax on their retiree health benefit payments. Well guess what. Turns out they're right and that the Obamacare Bill specifically states so! In other words, Pigman doesn't even know what the Hell is in his owm bill!!

Waxman cancels Obamacare CEO hearing
By: David Freddoso

04/14/10 2:07 PM EDT

A House Energy and Commerce Committee spokeswoman tells me that Chairman Henry Waxman, D-Calif., has indeed cancelled the April 21 subcommittee hearing in which CEOs were to testify about Obamacare. So far, the only indication of this change appears on the committee's website is on the Republican minority ranking member's site. In fact, the hearing still appears on Waxman's committee calendar for that day.

Waxman had called the hearing in reaction to public statements by several companies -- including Verizon, AT&T, and John Deere, among others -- that Obamacare would cost them hundreds of millions or even billions of dollars because it laid a new tax on their retiree health benefit payments.

Ever since the passage of the Medicare Prescription Drug benefit, the payments had been subsidized, tax-free, as a way of preventing these companies from dropping enrolees onto the Medicare rolls. When Obamacare changed the tax rules, it was quite clear that this would result in huge losses, but President Obama and Democrats had failed to heed warnings to this effect in the run up to Obamacare's passage last month.

The CEOs, required by law to be honest about earnings projections, re-stated their bottom lines in reaction to Obamacare's passage, earning the ire of Waxman and other Democrats. Hearings on this matter would likely have proved an embarrassment to them, and helped drag out discussion of Obamacare's unexpected ill effects.

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Waxman-cancels-health-care-CEO-hearing-90853384.html

[The Village Idiot]

They figured out they would get their hat handed to them on a platter

[Karin]

Hearings on this matter would likely have proved an embarrassment to them

YA THINK????

Waxman is a big giant douchebag.  I cheered when I heard about these hearings.  Now I'm disappointed.  Boo. 

[BlueStateSaint]

Waxman is a big giant douchebag.

Yup.  I think that maybe he got a "tip from above," as in, "Don't do this, as it'll make President Obama look really bad."

[JohnnyReb]

Even a blind hog finds an ACORN once in a while.....and with that that snout he was afraid he might find several more if he held those hearings.....

[zeitgeist]

YA THINK????

Waxman is a big giant douchebag.  I cheered when I heard about these hearings.  Now I'm disappointed.  Boo. 

Your Nostrildamus analogy is faulty doing disservice to the lowly douche bag which is a necessary and useful object.   To say the same of Nostrildamus is a quite a strech. 

[camaraderie]

What's to prevent the ranking Republican on the committee from holding his own hearing on the same day and letting the CEO's lambaste the effects of Obamacare?

[The Village Idiot]

I doubt the CEO's will be too partisan.

[SSG Snuggle Bunny]

What's to prevent the ranking Republican on the committee from holding his own hearing on the same day and letting the CEO's lambaste the effects of Obamacare?

Republican testicular fortitude...or rather, the lack thereof.

[littlelamb]

Guess he was afraid of a pink slip

[DumbAss Tanker]

Well, darn, I was kinda looking forward to Waxman getting his ass handed to him in a public hearing.

[IassaFTots]

Well, darn, I was kinda looking forward to Waxman getting his ass handed to him in a public hearing.

Me too.  Hell, I would even have given up my South Park and Top Gear dvr collection to record CSPAN. 

Oh well..Cartman and The Stig are safe for now.