Posted on 07/17/2011 1:01:00 PM PDT by John Semmens
General Electric (GE) Chairman and Chief Executive Officer (CEO) Jeffrey Immelt castigated his business peers calling them “the prime suspects” behind the nation’s persistent high unemployment.
“They’d like to point the finger at high taxes, excessive regulation, economic uncertainty, or President Obama, but they can’t,” Immelt insisted. “Businesses are the ones that decide whether to hire people. The government isn’t stopping them from offering jobs.”
Immelt speculated that “some businesses may be holding back on hiring out of animosity toward the President,” but characterized this as “a bad strategy.” “Look, if you cooperate with the President there are definitely benefits,” Immelt maintained. “You could get government contracts, subsidies, or tax holidays like GE did. But if you’re going to but heads with the most powerful man in the world you’re not likely to come out ahead.”
“Partnering with the Government is an easier path to success than trying to win customers in the cutthroat competition that is forced on you by the marketplace,” Immelt added. “If you play your cards right the Government can guarantee your profits by mandating the purchase of your products or blocking the purchase of your competitors’ products. The smart course is to help those who can help you the most. There is no question in my mind that Government is the agency that can do the most for your business.”
read more...
http://azconserv1.wordpress.com/2011/07/15/mcconnell%e2%80%99s-proposal-to-cede-debt-authority-to-president-gaining-traction/
This Immelt is truly deranged.
I wish he were my boss. I’d tell him to go .... himself.
Post here.
No hits for you.
Hilarious. I could believe he might actually say this.
LOL Was going to start ranting about his friendship with the government...yada, yada, Your stuff reads like the daily news.
This AH is dangerous
Linkee no workee.
I realize this is satire, but I can see Immelt saying this if he were really honest. Immelt has become the poster boy for butt kissing crony capitalism, in fact he fits the role of James Taggart to a T.
What amounts to projection on the free market of his command economy philosophy. So he’s blaming businesses for something he wishes they would do. Sorry Immelt, but to someone living in reality ville, you are insane.
i didnt realize it was satire and emelt is so far up Obamas but it sounded plusable
Back in the good old days it paid to COOPERATE with Al Capone. Good satire.
No govt ever made a profit, and a govt business partnership never made a sustainable profit, and a country designed around a services and financial sector can only be a servant to something else. Lots of powerful CEOs are a product of such an environment, not a cause of it.
Jeffery, it is YOUR, mentally weak ,African Bro Boss,who is causing the unemployment!
But has he said it in private? Very likely.
As the administration struggles to prod businesses to create jobs at home, GE has been busy sending them abroad. Since Immelt took over in 2001, GE has shed 34,000 jobs in the U.S., according to its most recent annual filing with the Securities and Exchange Commission. But it's added 25,000 jobs overseas.
At the end of 2009, GE employed 36,000 more people abroad than it did in the U.S. In 2000, it was nearly the opposite.
LOL Your a Joke and lair like Obama.
““Look, if you cooperate with the President there are definitely benefits,””
There it is, in a nut shell. Jeffrey Immelt just admitted
to participation in crony capitalism.
Next it will be:
cooperate with the President and we’ll let you keep your kids.
cooperate with the President and we’ll let you eat.
cooperate with the President and we’ll let you receive the mark.
cooperate with the President and we’ll let you live.
The “more” is past articles. He never posts a partial.
Really? Are they posted here, on Free Republic?
So far, I see him attempting to direct FR's traffic to his own blog.
If past articles are what is being referenced, why is the link not to Free Republic?
I don't support this site to provide advertising for blogs.
Neither should you.
Yeah, he writes a fair satire. That does not mean I donate advertising to him.
The part about partnering with the government sounds like it came out of GE’s 2008 Annual Report as The One was ascending to DC. Immelt made a strategic bet on partnering with the Feds and now he’s trying to double down.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.