Thursday, March 25, 2010

ObamaCare: Bad for business

Not just bad for business in a few years, but bad for business this year. I wonder how many jobs will be lost because of this?

Caterpillar has announced that ObamaCare will cost them an extra $100 million this year alone. Who will actually get ObamaCare health care coverage? Nobody.

Now Deere is announcing that they will cost them $125 milion:

(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.

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