My Latest

Friday, April 2, 2010

The tangled web of the ObamaCare write-downs

There's been plenty of confusion, teeth-gnashing, and finger-pointing about the effect ObamaCare is having on the future earnings of major corporations. My column today sets the record straight:
There are no good guys in this story. The bad guys are the Republicans who made a new entitlement for drugs, and Waxman who menaces companies for making Democratic legislation look bad.
The moral: Sticking government hands into the economy -- through new subsidies, taxes, and regulations -- creates bad situations where there are no right answers.

No comments: