There goes John Galt

So let me ask Mr./Ms. Smart "Progressive". Does making it more expensive to have employes in this country make it more or less likely that our unemployment rate will go down anytime soon?

Read this release from Caterpillar............

Dow Jones reported Friday that Caterpillar (NYSE: CAT) claims the health-care overhaul legislation being considered by the U.S. House would increase the company's health care costs by more than $100 million in the first year alone.

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 company said these provisions would increase its insurance costs by at least 20%, or more than $100 million, just in the first year of the health-care overhaul program.

In a letter to House Speaker Nancy Pelosi (D., Calif.) and House Republican Leader John Boehner of Ohio, Gregory Folley, vice president and chief human resources officer of Caterpillar, said "We can ill-afford cost increases that place us at a disadvantage versus our global competitors. We are disappointed that efforts at reform have not addressed the cost concerns we've raised throughout the year."

What makes this even better is that the Chinese will be loaning us the money to float these programs. Where will China get the money? From companies like Caterpillar who will be moving their plants, their jobs, and their money there.

Thanks reader Jeremy for the link.