The Brown Shirts Go After the White Collars

Earlier this week I had several posts regarding big write-downs that large corporations were going to take because of Obamacare. Now those companies are in the crosshairs of the government (from Ace of Spades):

This past week several big companies, including Caterpillar, Verizon, and AT&T, announced that ObamaCare would cost them millions of dollars this year. To pay for it they variously suggested layoffs and benefits reductions. Analysts suggest that the total first-quarter hit to S&P 500 firms will be $4.5 billion.

Well, Democrats can't stand to have their precious economy-destroying healthcare program criticized in its very first week, so they've announced an "investigation" into the claims. Late yesterday, the House Subcommittee on Oversight and Investigation sent letters to the CEOs of AT&T, Caterpillar, Deere & Co, and Verizon asking them to appear for a hearing on their claims. In the letters, Waxman and Stupak ask for company documents including accounting analyses and the internal emails of all "senior company officials" related to the projected costs of ObamaCare. How serious are they? The letter actually defines "senior company officials."

Power Line has a copy of one of the letters.

Welcome to your new "transformed" America.

I'm actually looking forward to these hearings because America may have a chance to hear about the actual costs of Obamacare from the people who actually will have to pay it.