Timothy P. Carney: Obamanomics: General Electric wins big with White House

Washington Examiner ^ | December 2, 2009 | Timothy P. Carney

[gusopol3]

Days after Obama's inauguration, Jeff Immelt, CEO of General Electric, wrote to shareholders: "[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."

[gusopol3]

I think he misses a few, pointed out by Beck months ago, like Immelt on NY fed board, and obvious propaganda organ MSNBC has been , and Wearther Channel for global warming.

[scooby321]

even with all that going for GE. Immelt has run GE into the ground.

[SpaceBar]

An interesting chapter of a larger tome for those who value history but don't necessarily wish to relive it...

General Electric Funds Hitler

[SueRae]

As a former GE employee (our division sold back during Jack Welch’s tenure)I am disgusted by what GE has become under Immelt. I sold all my stock just before Jack Welch’s retirement. I feel deeply for many of my coworkers who still have GE in their 401Ks. Immelt has trashed the company completely. I’d bet the stock would jump 20% if he announced his resignation.

[Melchior]

Immelt has a Fascist’s mentality. Unable to make it on its own anymore, GE has chosen to partner with the government and stockholders be damned.

[maggief]

How about all that free publicity for the new (GE) BRAVO show, “Real Housewives of DC?”

Cunning.

[WOBBLY BOB]

I went shooping for new LED Christamas lights yesterday...all I could find were GE and ‘made in China’...so I bought nothing. Both are communists in my mind.