You are using an outdated browser. Please upgrade now to a modern browser in order to benefit of all our site's features: Chrome, FireFox, Opera, Safari or Internet Explorer. [Close]

The Official Blog of Fox News Channel

Carl Icahn on ObamaCare: 'Businesses Should Not Be a Medical Provider'

Neil Cavuto sat down with business icon Carl Icahn today in a Your World exclusive.

During the wide-ranging interview, Icahn discussed his buyback fight with Apple. “I’m not going anywhere,” he said, calling Apple undervalued.

He also talked about his relationships with CEO Tim Cook, who he refers to as his friend despite previous battles, and others.

Speaking generally, he said, “The country does great when you have a meritocracy like in this country. The right guy gets to the top. We don’t have that now. Right now our corporate leaders are not the right guy… They’re the guy that was the president of the fraternity, knows how to get along, and then starts believing he’s a genius which he’s not.’


Maria Bartiromo Tells O'Reilly Why He Should Keep Buying Stocks


Cavuto asked the billionaire investor what he thinks about President Obama’s handling of the economy.

“Obama could have done a lot more… in investing,” Icahn said. “He stressed ObamaCare too much.”

Icahn clarified that he doesn’t hate the Affordable Care Act. “I think that Obama had to do something like that. I don’t think it’s that bad. I’m no expert on it, but I don’t think businesses should be a medical provider. Look, the CEO has enough trouble with his own business… what the hell is he a medical provider for?”


Krauthammer on New ObamaCare Delay: 'It's Like the Law Is a Blackboard'


He credited former Federal Reserve chairman Ben Bernanke with saving the country. He believes banks should not be trading in the market and blamed that for some of the 2008 economic problems.

“We’re going to see other problems looming ahead,” Icahn predicted. “If [banks are] too big to fail, what [the government] should be doing is taking them over, nationalizing them and selling them. They shouldn’t keep the same management in them.”


Obama Legacy in Trouble as More Americans Lose Confidence in Economy


Not a fan of New York City Mayor Bill de Blasio, Icahn slammed his education policies. He believes that charter schools accomplish more than public schools, which the mayor disagrees with. “How can you hate charter schools when you see the results?” he wondered.

When it comes to hiking taxes on the rich, however, Icahn said it doesn’t bother him.

He rejected being referred to as a corporate raider. Icahn said he wants to be remembered as somebody who change the rules in corporate governance to make management accountable.

Posted in: 
Leave a Comment0

Today's Front Page Stories

Don't want to keep checking back here for the latest from Fox News? That's cool. We'll come to you ...

Connect with Fox News

Subscribe

Stay connected with the most-trusted name in cable news through exclusive videos, blogs, polls, contests and behind-the-scene details.

Get More Fox!

Fox News Launches Redesigned App for iPhones, Androids

Now it's easier and faster than ever to keep up with the most powerful name in news wherever you are. Download the redesigned Fox News Channel app today on your iPhone or Android to watch Fox News and Fox Business Network live on your device! Click here for more information on how you can get the Fox News app.

Fox News Presents: 'My America with Elisabeth Hasselbeck'

Fox News Channel presents an exciting new feature series, My America with Elisabeth Hasselbeck. From the quirky to the inspirational, "My America" will reveal who we are as a nation – driven, passionate and uniquely American. Check out the latest installment: an inside look at Mutton Bustin!

Greta Is Wired!

GretaWire.com is the official blog of Greta Van Susteren. Get Greta’s breaking news alerts, pictures, videos, polls, and behind-the-scenes exclusives. Plus, speak out on open threads, as well as the live chat page. Connect to the GretaWire community ... and to Greta herself!