Republican Victories Signal Shift Boosting Firms From Goldman to Wellpoint

[Joanne98]

Source: Bloomberg

Nov. 3 (Bloomberg) -- The Republican gains in Congress mean U.S. companies from Goldman Sachs Group Inc. to Wellpoint Inc. may be able to weaken or block what they consider President Barack Obama’s anti-business policies on health care, the environment, taxes and financial reform.

Republicans will use their perch as the new majority in the House of Representatives to try to eliminate funding for parts of Obama’s health care bill opposed by business as well as curb regulations and government spending, Jay Timmons, senior vice president of the National Association of Manufacturers, a Washington-based lobbying group, said in an interview before the election.

“Americans voted for jobs and economic growth” and “resoundingly rejected” Obama policies, Thomas Donohue, president of the U.S. Chamber of Commerce, the biggest business lobbying group, said in a statement last night.

The results will bolster Republican efforts to extend Bush- era tax cuts for those earning more than $250,000 and to defeat Obama’s proposals to increase taxes on companies’ overseas profits.



Read more: http://noir.bloomberg.com/apps/news?pid=20601087&sid=aJYUnUjl16EQ&pos=1

[NC_Nurse]

1. Ugh. Here we go.

:-(

[SpiralHawk]

2. "Bwaaaa ha ha ha ha ha ha." - RepubliCorp, Inc. (R)

"You little people can just eat shit and die. Bwaaa ha ha ha ha ha. Smirk. Sneer."

- RepubliCorp, Inc. (R)

[saigon68]

6. Then there is shit like this

[countingbluecars]

3. Was the media reporting this

before the election?

[HughBeaumont]

4. Thanks for working together to create jobs, Corporate America.

We can always count on you guys to do the right thing. We can always count on you to never hold the American people hostage for an agenda.

[wisteria]

5. Jobs with little benefits and money and increased profits for corporations.

This is what people voted for, but don't understand that yet.

[madmom]

7. So before the election they said they were holding on to all their money because they

were nervous about the future. Will they let loose now and create jobs? Yeah I know, but I can dream can't I?

[Blue_Tires]

8. no surprise here....