RED ALERT: Another Job Creator Taking Hefty Hit from Healthcare Takeover

Prudential Reports $100 Million Charge in First Quarter

President Obama Promised Economic Growth And Job Creation In Aftermath Of Dems’ Healthcare Takeover:

“President Barack Obama used his weekly radio address to tout the economic benefits of overhauling the health care system, saying that reform would help build a ‘new foundation for our economy to create the good, lasting jobs and shared prosperity of tomorrow.’” (Nia-Malika Henderson, “Obama: Health bill will create jobs,” Politico, 1/9/10)

RED ALERT: Dems’ Nightmare Story Line Continues as Another Major Employer Reports $100 Million Hit:

“Insurer Prudential Financial Inc. said Monday that it will take a $100 million charge in the first quarter in relation to the recent health care overhaul legislation. The life insurance and annuities provider said in a regulatory filing that it will take the charge against earnings in the first quarter. Prudential joins a growing list of companies that have said they will take accounting charges because of the health care bills. AT&T said last week it would take a $1 billion charge in the first quarter. AK Steel Corp., 3M Co., Caterpillar Inc., Deere & Co. and Valero Energy have also said they would take smaller charges.” (“Prudential to Take $100M Health Care Charge in 1Q,” Associated Press, 3/29/10)

By Code Red