NEVER MIND THE HEALTH CARE FALLOUT, HERE'S THE CLIMATE CHANGE DAMAGE

摘要

The ink from the last of 20 Presidential pens used to sign health care reform into law had barely dried when Caterpillar Inc. and Deere & Company, bellwethers of construction and the U.S. economy, disclosed how Obamacare would amount to 250 million dollars in charges against earnings. Securities and Exchange Commission (SEC) rules compelled the announcements in what otherwise appeared to be spontaneous commentary on passage of the radical legislation. While Caterpillar and Deere investors probably share voters' overwhelmingly negative view of health care reform as sold from the White House and Capitol Hill, chances are they were not advised of the immediate blow to earnings the tarnished legislation guaranteed. Thanks to the SEC, however, investors in the two equipment makers and many other public companies might be apprised of the impact federal climate change legislation could have on their stock picks.