[Panzerlied]

“In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner.”

Sounds like a succinct definition of Facism.

[Sacajaweau]

Also buying 25,000 Chevy Volts to be tested on their GE plug in stations....probably making it a total write off.

[snoringbear]

Yesterday, I watched a video clip of Rich Templeton, CEO of Texas Instruments, was on CNBC I think. Anyway, during the interview he mentioned that TI had repatriated some of it's off-shore revenue and thereby paid taxes on it. He stated it was used for dividend payment, stock buy-back, and capital investment. When quizzed why he had done this, Templeton stated “it was the right thing to do”. Imagine that from Immelt....

[killermosquito]

I just finished reading the book. He’s a looter.

[KarlInOhio]

[W]e are going through more than a cycle. The global economy, and capitalism, will be ‘reset’ in several important ways. The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner.

But at least we will all have snappy brown or black shirts and our high speed electric trains will run on time in the "reset" economy.

[Frantzie]

He is a POS. Obama backstopped ALL of GE’s worthless debt with the US Treasury over a year ago. If they had lost their phony AAA debt rating - GE would have gone bankrupt. True. There would have been a credit default swap frenzy on GE. Scum company.

[Emperor Palpatine]

The proper word for Immelt is PARASITE.

[Freemarkets101]

GE is corporate welfare at it’s finest.

[GeronL]

Yep.

GE has become part of the government, like GM.

Taxes are for little people like you and for companies Obama doesn’t like

[GeronL]

The taxpayers are subsidizing GE.

GE has accumulated $26 billion in American profits while receiving a net benefit of $4.1 billion from the IRS.

[Digger]

Y’all know that this nation is the most corrupt democracy on planet earth. I know, we are a republic but we act like a democracy.

[drbuzzard]

There’s a damned good reason I deliberately avoid any GE products these days. They are probably the worst example of rest seekers in this country.

[Mr. Jeeves]

Most of our largest corporations are no longer capitalist entities - they operate as arms of government in return for various market preferences. It didn’t matter so much as long as the playing field remained open to smaller companies, which used to be able to easily outmaneuver them in every area except price. But with the Obamoids’ pathological hatred for small business, the landscape is rapidly changing. Who needs the trouble of implementing Soviet-style Communism when you can just force everyone become a unionized GM or GE employee? They are much easier to control when they still think they are free.

[LegendHasIt]

Sorry, this post is a month too late.....
But this morning while I was finishing off my annual re-reading of Atlas Shrugged, I realized that Jeffrey Immelt IS James Taggart.