The Corner

Jim Cramer: ‘Every CEO I Deal With’ Worried About Obamacare

Jim Cramer from CNBC’s Mad Money:

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.

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