Remember back last winter when Obama gave his stimulus pitch to the construction equipment company, insisting that they would be able to hire workers that the just laid off with the porkulus?
With the health care debate escalating to higher levels, the dems are doing everything they can to get this passed. They are insisting that it will create millions of jobs. So now, who of all people should challenge this claim? Caterpillar.
Listen to what they have to say about the presidents job creating health care "reform."
AP:
[Caterpillar Inc. said the health-care overhaul legislation being considered by the U.S. House would increase the company’s health-care costs by more than $100 million in the first year alone.
In a letter Thursday to House Speaker Nancy Pelosi (D-Calif.) and House Republican Leader John Boehner of Ohio, Caterpillar urged lawmakers to vote against the plan “because of the substantial cost burdens it would place on our shareholders, employees and retirees.”
Caterpillar, the world’s largest construction machinery manufacturer by sales, said it’s particularly opposed to provisions in the bill that would expand Medicare taxes and mandate insurance coverage. The legislation would require nearly all companies to provide health insurance for their employees or face large fines.
The Peoria-based company said these provisions would increase its insurance costs by at least 20 percent, or more than $100 million, just in the first year of the health-care overhaul program.]
This contradicts many promises made by the dems about their bill. It will cause Caterpillars insurance costs to go up by at least 20%!!!
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