Monday, March 29, 2010

Senate Operations

The public scenes (Senate hearings) are pretty faithful to the record according to what I can tell. Very few words have been changed or left out. Compare the movie version to newsreel clips of them.

This came up because of Congressional hearings threatened against companies revealing material losses caused by the Health Care Bill. And you know what else amuses me? Such revelations are required by law when a bill passes.
It’s been a banner week for Democrats: ObamaCare passed Congress in its final form on Thursday night, and the returns are already rolling in. Yesterday AT&T announced that it will be forced to make a $1 billion writedown due solely to the health bill, in what has become a wave of such corporate losses.

This wholesale destruction of wealth and capital came with more than ample warning. Turning over every couch cushion to make their new entitlement look affordable under Beltway accounting rules, Democrats decided to raise taxes on companies that do the public service of offering prescription drug benefits to their retirees instead of dumping them into Medicare. We and others warned this would lead to AT&T-like results, but like so many other ObamaCare objections Democrats waved them off as self-serving or “political.”

…Henry Waxman and House Democrats announced yesterday that they will haul these companies in for an April 21 hearing because their judgment “appears to conflict with independent analyses, which show that the new law will expand coverage and bring down costs.”

excerpted from the Wall Street Journal
Who ever bought Senator Waxman didn't get his money's worth.

The link to the newsreel version was found in the comments at Gateway Pundit. I found the movie version on my own.

Here is a book about one of the accusations thrown at Hughes. That he was a Playboy. He was.

Howard Hughes: The Untold Story

As Mark Twain was reputed to have said: "It could probably be shown by facts and figures that there is no distinctly native American criminal class except Congress."

Cross Posted at Classical Values

No comments: