Economic impact begins ATT $1billion write down due to Obama care
Multi billion $ losses now being reported by major corporations. Did you think the impact of this health bill would be delayed? Think again. Yesterday ATT announced a $1billion Q1write down of ADDITIONAL COSTS it would incur because of the Obama Care bill. That is along with billions more write downs that other corporations are announcing. That will impact earnings. Earnings impact value of stocks. Value of stocks impact the value of IRAs and pension funds. Value of pension funds impact the stability of the funding for UNION PENSION funds and contracted pensions funds for UNION retirees.
Now about those hip iPhone users that are tied to ATT service. Funny thing about that. When a corporation has to pay additional taxes in the billions who do you think pays the bill in the end. You will with every click on that iPhone.
Maybe this was something not to do…
