Posted on 04/23/2014 4:36:39 PM PDT by Oldeconomybuyer
A week after General Electric blamed Obamacare for hurting its medical business, the company's chairman on Wednesday warned that uncertainty in the health care field will persist for much longer.
“I think that there's still a lot of uncertainty in health care and we'll just have to see that over time,” warned Jeff Immelt during a shareholders' meeting in Chicago.
Last week, the firm released financial figures which showed a rise in profits, but a cut in its medical business. That was blamed on companies and hospitals holding back on purchases of GE equipment out of concern over how bad Obamacare will hit their profit margins.
Reuters reported that GE Chief Financial Officer Jeff Bornstein attributed the spending cuts to a "massive structural change" in the U.S. health care market caused by Obamacare.
(Excerpt) Read more at washingtonexaminer.com ...
wall street wanted Obama, they got Obama.
next they are going to get hitlary and a cigarat and a blindfold.
but not to worry it will not make any difference then.
Jeff must be a friggin’ GENIUS!
Number One supporter says , D’oh
Singing a different tune than when you were campaigning for him Jeff.
Crony capitalism isn't really good for free markets in the long run.
Yeah where was this clown during the election?
Enjoy the suck!
No sh—
Embrace the suck, bucko. You own it.
Ha, ha HA! That’s What You Get! Instant Karma.
How come the MSM never uses the term “recovery for Wall $treet but not Main Street” anymore?
Rooster, who the heck knows what these Titans of Industries are thinking or why they decide to make these kind of statements. There is probably some planned outcome these evil pr#$&%*s have in mind.
He is not an idiot so when I read even mild criticism from smart men/women who have been in bed with this Administration from the beginning, I take their quotes with a grain of salt.
Sho ‘nuff, Jeffy?
Thought he was one of Obama’s main squeezes.
Obama’s your man, Immelt. It was your money that inflicted him on the rest of us.
Next thing you know, Immelt will be announcing that bears poop in the woods!
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