The Shotgun Blog
Thursday, January 27, 2011
We Bring Big Government To Life
General Electric joins Obama:
There are a few companies on the Obama corporate A List – Democratic patrons Google and Goldman Sachs both turn up again and again at White House functions and for special recognition – but no company seems to get the VIP treatment that General Electric receives.
Whether it is pushing the president’s plan for global warming fees in order to create demand for his “Ecomagination” line of windmills, solar panels, etc., boosting the president’s national health-care law as part of an effort to sell more medical equipment, or enthusing over the Obama strategy of making loans available for industrial exporters, Immelt has been an Obama stalwart all along. Immelt has also consistently argued to shareholders that there is big money to be made in advancing the Democratic agenda.
Why compete for customers, when you can just suck up to the President of the United States?When Jack Welch became head of GE thirty years ago, he demanded government get the hell out of his way. Clearly, his successor, Jeff Immelt, has a different philosophy.
Posted by Richard Anderson on January 27, 2011 | Permalink
Obama isn't opposed to huge corporate rent-seeking mutants entwined in mixed economy symbiosis. He's opposed to free market capitalism.
Obama went through university assisted by wealthy "Sugar Daddies". Perhaps GE, Goldman or Google has set up a "trust fund" for his next career internship.
Posted by: John Chittick | 2011-01-27 11:21:02 AM
Since Immeld took over GE the stock has slipped by 60 %. Even with shutting down most factories and moving them to China , India and mexico. Immeld also received big bailout money. GE stands to make big money on the Global warming scam if Obama has his way. Knowing that the man is incompetent in most of his endevours really make on wonder what kind of money is moving under the table towards Obama. The whole thing stinks to high heaven.
Posted by: peterj | 2011-01-27 8:34:06 PM
The comments to this entry are closed.