How come Obama's Job Czar even admits ObamaCare is a dismal failure and hurts business?

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Waking Up: General Electric CEO Jeffrey Immelt has had an epiphany about the awfulness of ObamaCare, if not of the president himself. Ironically, the company behind the incandescent bulb finally sees the light.

GE's health care division hasn't been doing too well lately, and the company has a very good reason: ObamaCare.

On Wednesday, Immelt, who has served as an economic adviser to President Obama, suggests that the president's signature health care program has had a nasty impact on GE's bottom line.

"I think there's still a lot of uncertainty in health care, and we'll just have to see that over time," Immelt said in remarks to shareholders on Wednesday.

GE Chief Financial Officer Jeffrey Bornstein was more specific and less circumspect in his comments: "Hospitals and clinics appear to be delaying purchases and responses to the ACA (Affordable Care Act)."

Translation: A bad law that put big government in control of roughly 17% of our economy is costing a company that was a major supporter and cheerleader for Obama a whole lot of money.

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