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Straight Outta Incompetent

29 March 2010 @ 10:54

The inmates aren’t running the insane asylum, the cretins are.

From The Prowler:

The White House political and legislative operations were said to be livid with the announcement by several large U.S. companies that they were taking multi-million or as much as a billion dollar charges because of the new health-care law, the issue was front-and-center with key lawmakers. By last Friday, AT&T, Caterpillar, Deere & Co., and AK Steel Holding Corp. had all announced that they were taking the one-time charges on their first-quarter balance sheets. More companies were expected to make similar announcements this week.

“These are Republican CEOs who are trying to embarrass the President and Democrats in general,” says a White House legislative affairs staffer. “Where do you hear about this stuff? The Wall Street Journal editorial page and conservative websites. No one else picked up on this but you guys. It’s BS.”

On Friday White House chief of staff Rahm Emanuel and Obama senior advisor Valerie Jarrett were calling the CEOs and Washington office heads of the companies that took the financial hits and attacked them for doing so. One Washington office head said that the White House calls were accusatory and “downright rude.”

The companies are taking the charges because in 2013 they will lose a tax deduction on tax-free government subsidies they have had when they give retirees a Medicare Part D prescription-drug reimbursement. Many of these companies have more than 100,000 retirees each. AT&T may have more than three-quarters of a million retirees to cover.

“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.”

It isn’t just the President who didn’t understand his own proposal. Late Friday, House Energy and Commerce Committee Chairman Henry Waxman and Rep. Bart Stupak, chairman of the Oversight and Investigations panel, announced that they would hold hearings in late April to investigate “claims by Caterpillar, Verizon, and Deere that provisions in the new health care reform law could adversely affect their company’s ability to provide health insurance to their employees.”

Neither Waxman or Stupak — who betrayed the pro-life community by negotiating for more than a week with the White House to ensure his vote on the health care bill — had anything more than a cursory understanding of how the many sections of the bill would impact business or even individual citizens before they voted on the bill, says House Energy Democrat staff. “We had memos on these issues, but none of our people, we think, looked at them,” says a 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.”

How can you understand how a business does it business if the closet thing you’ve ever come to running a real one is running one designed to screw taxpayers out of money by sucking on the government teat and hurt the poor [Yea, Valerie, I’m thinking of your corrupt ass]?  While these Leftists have had their heads up their asses all their lives, in the cavernous darkness of their fecal-filled rectums they’ve only read Socialist-Marxist tracts, which are nothing more than undigested pabulum puke.

Henry Hears A WTF!

  1. Enoch_Root permalink
    29 March 2010 @ 14:09 14:09

    wowsa! Nice post, Bob. I’d love to see more coverage of this type of stuff.

    • bobbelvedere permalink*
      29 March 2010 @ 14:11 14:11

      Me too.

  2. 29 March 2010 @ 14:36 14:36

    well, even here at our tiny, but growing (keep the fingers crossed / lots of prayers) concern – we are now determining each of us can work additional hours instead of hiring more peeps. No way in hell businesses can be expected to navigate the waters when government sets off tsunamis that could easily sink the likes of us.

    no f*cking way.

    • bobbelvedere permalink*
      29 March 2010 @ 14:46 14:46

      That’s it brother: FIGHT THE POWER!

  3. 29 March 2010 @ 15:24 15:24

    And so, not to put too fine a point on it or anything but, not only do they not understand business (“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.”), but they don’t even understand their OWN business: “They just didn’t understand what they were voting on.”

    Well, they say ignorance is bliss. The President must be estatic.

    • bobbelvedere permalink*
      29 March 2010 @ 16:20 16:20

      How about taking it a step further and saying he had a O-orgasm?

      PS: I just read you blog’s About page and I must say I like the attitude.

  4. Adobe Walls permalink
    29 March 2010 @ 20:13 20:13

    They don’t understand that capitalism is NOT a fat guy chomping on a cigar. They literally believe that all they have to do is smack capitalism hard enough and often enough and “revenue” will just appear. This is part of the reason the left takes comfort from the existence of evil. In the Social Democrats view Islamic terrorists are oppressed, misunderstood maybe, not hugged enough but not evil. The left believes that capitalism alone is evil and takes comfort because that means there will always be a revenue stream as long as they don’t completely destroy the evil fat man.

    • bobbelvedere permalink*
      29 March 2010 @ 20:17 20:17

      Quite. And it doesn’t help that many businessmen are more than happy to collaborate with the enemy [ie: the government]. Look at Buffett and Gates and Immelt.

  5. Adobe Walls permalink
    29 March 2010 @ 20:39 20:39

    Indeed. Crony capitalism is as dangerous to our economy and our liberties as the Bolsheviks.


  1. The Virtues of the “Corrupt Private Sector” at Haemet

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