Democrats are also wasting no time in trying desperately to suppress information of the real costs of their ObamaCare Obamination. Reliable hitman Henry Waxman is going after companies that have told the truth about what the hideous bill will mean to them – and to their employees and retirees. The news is not good from several major companies and the Democrats really do not want America to know the truth:
On Thursday and Friday, the companies — so far, they include AT&T, Verizon, Caterpillar, Deere, Valero Energy, AK Steel and 3M — said a tax provision in the new health care law will make it far more expensive to provide prescription drug coverage to their retired employees. Now, both retirees and current employees of those companies are wondering whether the new law could mean reduced or canceled benefits for them in the future.
The news is an embarrassment for Democrats. As President Obama and congressional leaders tout the purported benefits of the new health care law, some of the nation’s biggest companies are saying it will mean higher costs and fewer benefits — not exactly what Democrats want to hear in the days after their historic victory.
So Waxman has ordered the executives to explain themselves at an April 21 hearing before the Energy and Commerce Committee’s investigative subcommittee. That subcommittee just happens to be chaired by Rep. Bart Stupak, the Michigan Democrat who held out his vote on health care reform until a few hours before final passage on March 21, giving the bill’s opponents the unfounded hope that he might vote against it.
Waxman has requested what can only be described as confidential information to “prepare” for his planned auto de fé. The fact is that these companies are much more aware of their costs and how this legislation will impact them than party hardcores like Waxman. That won’t stop the Democrat’s grand inquisitor from burning those who try to tell the truth, however. But the truth will come out. It will come out in reduced hiring, lost jobs, lost benefits, higher taxes and economic ruin for America and Americans.