A picture of corporate greed

From an article in Breaking Business News out of Chicago:

"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.

Business executives have long complained that the options offered for covering 32 million uninsured Americans would result in higher insurance costs for those employers that already provide coverage. Opponents have stepped up their attacks in recent days as the House moves closer toward a vote on the Senate version of the health-care legislation"

I do agree that there needs to be provisions made in any health care bill that does not punish the companies that already provide care for their employees, BUT these mega-companies go about their complaining by saying that they are opposed to a bill that would provide health care coverage for all Americans.

So congrats all you corporations, along with Reps and Dems, give yourselves a big pat on the back (or a slap in the face rather) for being so unequivocally unyielding.