What I’m telling you, business leaders fear [Obamacare] more than anything. They don’t want to hire, this is part of the underground economy that is going to develop, because no one wants people on the books, because of Obamacare. People have to recognize that this is a front and center issue for every CEO I deal with and another reason why they don’t want to hire here and they want to hire there. They want to put the jobs in Asia, they want to put the jobs in Mexico, because they don’t want to think about how much more it’s going to cost to hire a new person. Don’t lose that debate! That’s a major debate for the economy.
This really needs wide dissemination. It is true that if Obamacare stays as the law, the only way a lot of Americans will get jobs is to move to a foreign country and get a job with a company that moved there from the USA. Obama just doesn't care--he is only interested in making people dependent on the government so he can buy their votes with ever increasing government programs.
So, aren't businesses trying to ship jobs to Asia and Mexico anyway? In the case of Mexico, is it because the place has low regulation? I think not.
And, shouldn't CEOs be worried all the time, about everything? If not, then how do they earn their pay?
Working under the table is already being done. That's why there are so many illegals already in the USA. Are there here because of Obamacare?
I'm thinking of working under the table myself. It used to be that when work was on the record, I paid into Social Security and expect a return for it. Now you are saying that I shouldn't expect the return. Why pay more?
No doubt our own nativists will log on so that they can blame this on evil corporations who dare to ship American jobs overseas, and how we need huge new taxes to punish any and all such companies.
I worry about any CEO listening to Jim Cramer. Go find out what Vanguard founder Bogle has to say and I might be interested. Cramer is a clown that works in the entertainment industry.
Some of you are correct, Kramer is not one should look to for advice. The question is whether you think he's lying about what he says business leaders are telling him.
I don't think Kramer's a righty by any stretch, he's wall street guy first and foremost, so don't just assume he's spouting off lies to try and tear down Obama.
He is actually a democrat by history. And trust me, his comment about CEOs are correct, because their benefit departments have already told them what it will cost to maintain healthcare in the world of the PPACA.They are the only true prophets, because they will have to pay the bill.
This is an interesting post; I've heard this general theme put forth before - that businesses are worried about the health care bill. As a primary care doctor who has supported this bill, I want to learn more about conservative opposition. I realize that I only see a part of the equation. I'm curious about which particular part of the health care bill these CEO's are worried? If it's the requirement that employers provider health care to their employees, don't most companies that have "CEO's" - ie larger companies - already do that? Most folks I know who work at large companies have excellent and expensive insurance. Is there a fear that premiums will rise under the new law?
On a slightly separate note, the current model that we have (a patchwork of private and public insurance) has struggled with cost control, and has many holes through which patients can fall. We have a poor primary care infrastructure that results in frequent ED visits and late presentation of disease. This has been expensive. The incentives in the new health care bill, while not perfect - are already helping move medicine toward one that values quality over quantity. The cost controls are very compelling. Accountable care organizations, patient centered medical homes, a more unified electronic medical record, creating incentives for hospitals to do more good and not merely do more; all of these incentives seem like conservative ideas. I can understand why the federal nature of the incentives is not popular amongst NR readers, but the incentives themselves seem appealing. While I know that it's not easy to love this bill, the academic medical center at which I work, along with the professional associations of whom I am a part (the AMA, the SGIM, etc) all supported the bill and recognize it's good not perfect. Anyhow, I'm not here to change any hearts or minds. Just wanted to learn from the folks who travel in these parts, and finds ways to better understand the concerns of conservative business leaders.
it's a complete waste of energy to engage with actual issues with these people. Even if they accept the benefits they are opposed to improving healthcare with any form of government intervention. That leads to confusion of course - remember 'hands off my medicare?'
This really needs wide dissemination. It is true that if Obamacare stays as the law, the only way a lot of Americans will get jobs is to move to a foreign country and get a job with a company that moved there from the USA. Obama just doesn't care--he is only interested in making people dependent on the government so he can buy their votes with ever increasing government programs.
Reply to this commentLinkReport AbuseThis is the same Jim Cramer who was telling us "Buy! Buy! Buy! Dow hasn't hit its peak yet, years to go before the bubble bursts!"....in 2008, right?
Reply to this commentLinkReport AbuseWeird...I knew Obamacare would be a problem with CEOs before it was even voted on. Little slow there Jim.
Reply to this commentLinkReport AbuseThis is the guy that recommended buying Bear Stearns stock right before its crash?
Reply to this commentLinkReport AbuseSo, aren't businesses trying to ship jobs to Asia and Mexico anyway? In the case of Mexico, is it because the place has low regulation? I think not.
And, shouldn't CEOs be worried all the time, about everything? If not, then how do they earn their pay?
Working under the table is already being done. That's why there are so many illegals already in the USA. Are there here because of Obamacare?
I'm thinking of working under the table myself. It used to be that when work was on the record, I paid into Social Security and expect a return for it. Now you are saying that I shouldn't expect the return. Why pay more?
Reply to this commentLinkReport AbuseNo doubt our own nativists will log on so that they can blame this on evil corporations who dare to ship American jobs overseas, and how we need huge new taxes to punish any and all such companies.
Reply to this commentLinkReport AbuseI worry about any CEO listening to Jim Cramer. Go find out what Vanguard founder Bogle has to say and I might be interested. Cramer is a clown that works in the entertainment industry.
Reply to this commentLinkReport AbuseJim "Credible Source" Cramer sez:
BUY BUY BUY! SELL SELL SELL!
OBAMACARE! UNCERTAINTY!
BATHROOM NOISE! AIRHORN!
I use this guy for all my stock tips, political-economic news, and funny sound effects.
Reply to this commentLinkReport AbuseSome of you are correct, Kramer is not one should look to for advice. The question is whether you think he's lying about what he says business leaders are telling him.
I don't think Kramer's a righty by any stretch, he's wall street guy first and foremost, so don't just assume he's spouting off lies to try and tear down Obama.
Reply to this commentLinkReport AbuseHe is actually a democrat by history. And trust me, his comment about CEOs are correct, because their benefit departments have already told them what it will cost to maintain healthcare in the world of the PPACA.They are the only true prophets, because they will have to pay the bill.
Reply to this commentLinkReport AbuseThis is an interesting post; I've heard this general theme put forth before - that businesses are worried about the health care bill. As a primary care doctor who has supported this bill, I want to learn more about conservative opposition. I realize that I only see a part of the equation. I'm curious about which particular part of the health care bill these CEO's are worried? If it's the requirement that employers provider health care to their employees, don't most companies that have "CEO's" - ie larger companies - already do that? Most folks I know who work at large companies have excellent and expensive insurance. Is there a fear that premiums will rise under the new law?
On a slightly separate note, the current model that we have (a patchwork of private and public insurance) has struggled with cost control, and has many holes through which patients can fall. We have a poor primary care infrastructure that results in frequent ED visits and late presentation of disease. This has been expensive. The incentives in the new health care bill, while not perfect - are already helping move medicine toward one that values quality over quantity. The cost controls are very compelling. Accountable care organizations, patient centered medical homes, a more unified electronic medical record, creating incentives for hospitals to do more good and not merely do more; all of these incentives seem like conservative ideas. I can understand why the federal nature of the incentives is not popular amongst NR readers, but the incentives themselves seem appealing. While I know that it's not easy to love this bill, the academic medical center at which I work, along with the professional associations of whom I am a part (the AMA, the SGIM, etc) all supported the bill and recognize it's good not perfect. Anyhow, I'm not here to change any hearts or minds. Just wanted to learn from the folks who travel in these parts, and finds ways to better understand the concerns of conservative business leaders.
Thanks, A Primary Care Doctor
Reply to this commentLinkReport AbuseJon,
it's a complete waste of energy to engage with actual issues with these people. Even if they accept the benefits they are opposed to improving healthcare with any form of government intervention. That leads to confusion of course - remember 'hands off my medicare?'
Reply to this commentLinkReport Abuse