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By Richard Fernandez

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The Gathering Storm

March 26, 2010 - 5:43 am - by Richard Fernandez
Doug
2010-03-28 04:17:23

@ Papa’s link:
A reader writes:

Good post on the true cost of ObamaCare. But it gets better: the Dems are now shaking down CEOs who don’t get with the program. In the attached letter, Henry Waxman not only orders the CEOs of AT&T, Caterpillar, Deere & Co, and Verizon to testify before the Energy and Commerce Committee, but also to produce internal analyses and emails related to their statements. They don’t expressly subpoena the CEOs, so we can hope that they tell the Dems to GFY, though somehow I doubt that will happen.

The Dems sent these letters to the Republicans on the committee after 6pm tonight with no advance notice or prior cooperation.

Here is the letter Waxman sent to the Chairman of AT&T; the others are similar. Click to enlarge

Obama to set new Poverty Guidelines

But fast forward to today and the new definition of poverty takes on an entirely different meaning. No, this latest affront from our Pretender-In-Chief is yet another tool in his arsenal to, yep you guessed it, “spread the wealth.” As I said above, American families will be considered poor if their income falls below a certain specified income level.

But under the new Obama guidelines, there will be an “escalator clause” built into the equation. Really and honestly, I am not making this up. The “escalator clause” will rise directly in proportion to rises in the living standards of average Americans .

What exactly does this mean? Well, presently poverty is measured in how much purchasing power you have. In other words, how many groceries you can buy. Obama’s new system measures comparative purchasing power; or how many groceries you can buy relative to other citizens.