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"But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." - John Adams

Tuesday, March 30, 2010

Prudential to take $100M health care charge in 1Q

The Associated Press: Prudential to take $100M health care charge in 1Q
Prudential joins the list of companies that are expecting big losses due to the new health care turd. AT&T, Verizon, John Deere, Catapillar, and pretty much any other "for profit" company are all on the list. Some have been called to testify before Congress about their projected losses, since Congress says they are going to save money, Congress is confused. I suppose that's because most congressmen have never had to produce anything to create wealth to use to meet a payroll. All they do is take from us, take a cut off the top for gov't employees and then redistribute the rest. (of course there is a little pilfering and fraud along the way, so very little actually goes to those in need)

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