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.
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