Obamacare Bad For Business

Obama has been repeating the lie that socialized medicine will be good for business and will even result in employees getting raises. Not so says Caterpillar.

Caterpillar Inc. said the health-care overhaul legislation being considered by the U.S. House of Representatives 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 isn't turning to be quite the useful idiot that Obama once expected it to be.

Read more: http://dailycaller.com/2010/03/19/caterpillar-health-care-bill-would-cost-it-100m/#ixzz0iivqsRyb