Archive | March, 2010

This is Gonna Hurt!

26 Mar

Deere Says New Health Care Reform Law Will Increase 2010 Expense By $150 Million After-Tax

In case anyone was trying to figure out what some of the short term ramifications of Obamacare might be, here you go. John Deere just increased their expense forecast by $150 Million dollars. On my back of an envelope math this could potentially eliminate 2000+ jobs just this year alone. And this is just John Deere. Expect many more similar statements to come out from companies over the next few months as they plan to incorporate various aspects of the law.

We may see some benefit from this in the long term, but in the short term it’s gonna hurt bad!

Just found this now: Caterpillar is going to take a $100 Million hit THIS QUARTER!