More Health Care Write Downs

I knew that Obamacare would be a disaster for America's economy, but I must admit that I am shocked at how quickly things have worsened. The number of major companies forced to write down their projected profits due to Obamacare continues to grow:

• Boeing will take a$150 million charge
• Goodrich: $10 million charge
• Illinois Tool Works: $22 million
• Prudential Financial: $100 million
• Caterpillar: $100 million
• John Deere: $150 million

The Obamacare bill is like the anti-stimulus. All of these write-downs will translate into unemployment -- as well as reduced earnings for pensions and college funds. Obama promised hope but delivered despair. That mantra about "change" is turning into "Buddy, can you spare a dime?".