Political Quotes

Peter Welch: “The good news is businesses, large businesses and small, that have fiduciary responsibility to their shareholders and to…”

On the recordJanuary 19, 2011
The good news is businesses, large businesses and small, that have fiduciary responsibility to their shareholders and to their employees have sharp pencils and figure out what makes the most sense for them, and they're signing up for this. So that's an indication that they've kicked the tires and come to the conclusion that this is good for business. The bad news is, we apparently have done a pretty lousy job explaining this to the American people, and it has gotten obscured with the epithet of 'ObamaCare.' But when you peel away the specifics of this--and then you provided evidence that businesses that have to make a hard-nose decision, this ain't about doing a 'good thing' or they want to do the right thing for their company, but they've decided this is the prudent fiscal thing.
Said by
Peter Welch
Democratic · Vermont
Source
govinfo.gov
Jan 19, 2011

Editor's note · Context

The speaker discusses the business implications of healthcare reform and public perception of 'ObamaCare'.

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