Another excellent article by Bob Barr was published today. Barr told how the CEO’s of four large corporations that published nine-digit damages anticipated from the insurance reform bill were being intimidated.
Almost as soon as these companies issued their statements, the Commerce Committee’s investigations subcommittee sent ominous letter to the four CEOs, demanding to know how they arrived at their figures and “requesting” that they appear at a hearing scheduled for April 21st. The letters were signed by Waxman and subcommittee chair Bart Stupak of Michigan.
The CEO’s were asked to bring their calculations, explanations of accounting methods the businesses have used over the past seven years, and “any other data . . . relating in any way to the matter.”
An “independent analysis” conducted by the CBO predicted the bill could even earn money for the corporations. The CBO, says Barr:
is well-known for furnishing members of that body numbers that support whatever they want them to support, since its analyses must be based only on figures furnished by the requesting members themselves.
