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GE Boss Jeff Immelt Says ObamaCare Hurting Business
The Washington Examiner ^ | April 23, 2014 | BY PAUL BEDARD

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 ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: democratcare; failure; ge; immelt; obama; obamacare; obamalies; rinocare; socialism
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1 posted on 04/23/2014 4:36:39 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

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.


2 posted on 04/23/2014 4:38:22 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Oldeconomybuyer

3 posted on 04/23/2014 4:38:25 PM PDT by Diogenesis
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To: Oldeconomybuyer

Jeff must be a friggin’ GENIUS!


4 posted on 04/23/2014 4:38:39 PM PDT by Thom Pain (If you like your country you can keep it. Period.)
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To: Oldeconomybuyer

Number One supporter says , D’oh


5 posted on 04/23/2014 4:38:57 PM PDT by molson209 (Blank)
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To: Oldeconomybuyer

Singing a different tune than when you were campaigning for him Jeff.


6 posted on 04/23/2014 4:39:07 PM PDT by Lurkina.n.Learnin
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To: Oldeconomybuyer
Hey Jeff...perhaps you shouldn't have sucked up so hard.

Crony capitalism isn't really good for free markets in the long run.

7 posted on 04/23/2014 4:39:37 PM PDT by RoosterRedux
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To: Lurkina.n.Learnin

Yeah where was this clown during the election?


8 posted on 04/23/2014 4:39:50 PM PDT by ConservativeMan55 (In America, we don't do pin pricks. But sometimes we elect them.)
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To: Oldeconomybuyer

Enjoy the suck!


9 posted on 04/23/2014 4:40:00 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Oldeconomybuyer

No sh—


10 posted on 04/23/2014 4:40:10 PM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Oldeconomybuyer

Embrace the suck, bucko. You own it.


11 posted on 04/23/2014 4:40:39 PM PDT by VRWC For Truth (Roberts has perverted the Constitution)
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Comment #12 Removed by Moderator

To: Oldeconomybuyer

Ha, ha HA! That’s What You Get! Instant Karma.


13 posted on 04/23/2014 4:43:08 PM PDT by lee martell
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To: longtermmemmory

How come the MSM never uses the term “recovery for Wall $treet but not Main Street” anymore?


14 posted on 04/23/2014 4:46:09 PM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: RoosterRedux

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.


15 posted on 04/23/2014 4:49:16 PM PDT by roofgoat
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To: Oldeconomybuyer

Sho ‘nuff, Jeffy?


16 posted on 04/23/2014 4:53:26 PM PDT by RushIsMyTeddyBear (Great vid by ShorelineMike! http://www.youtube.com/watch?v=KOZjJk6nbD4&feature=plcp)
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To: Oldeconomybuyer
 photo worlds-smallest-violin.jpg
17 posted on 04/23/2014 4:54:24 PM PDT by Huskrrrr
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To: Oldeconomybuyer

Thought he was one of Obama’s main squeezes.


18 posted on 04/23/2014 4:58:18 PM PDT by Parmy
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To: Oldeconomybuyer

Obama’s your man, Immelt. It was your money that inflicted him on the rest of us.


19 posted on 04/23/2014 5:00:03 PM PDT by skeeter
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To: Oldeconomybuyer

Next thing you know, Immelt will be announcing that bears poop in the woods!


20 posted on 04/23/2014 5:00:27 PM PDT by Ronaldus Magnus III (Do, or do not, there is no try.)
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