Who (other than people with book-learnin') saw this coming?

Waxman and Stupak are surprised about the results of their precious bill:

March 27 (Bloomberg) -- Representative Henry Waxman called the chief executive officers of AT&T Inc., Verizon Communications Inc., Caterpillar Inc. and Deere & Co. to provide evidence to support costs the companies plan to book related to the new health-care law.

Waxman of California, chairman of the House Energy and Commerce Committee, and subcommittee Chairman Bart Stupak of Michigan released letters they wrote to the executives, saying their plans to record expenses against earnings as a result of the law contradict other estimates. The lawmakers requested the executives appear at hearing Stupak plans on April 21.

Steve Horwitz pointing out what apparently is not obvious to these clowns:

It never occurs to Waxman, Stupak, et. al. that there might be a set of economic laws out there that not even the mighty power of Congress and King Obama can bend to their wishes. If their law "said" coverage would expand and costs would come down, then only the evil designs of greedy people could be frustrating that result.

It's hard for me to tell if Waxman and Stupak et al. really thought this would work, full of fatal conceit as they are, or if they knew it wouldn't (but would enrich the powers that back them) and are just grandstanding. I'm willing to believe that they didn't really know, but in that case, stop meddling with things you don't understand.

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They understood but just don't care. Their investigation is about intimidation not stupidity.