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

    12/02/2009 3:45:37 AM PST · by gusopol3 · 6 replies · 632+ views
    Washington Examiner ^ | December 2, 2009 | Timothy P. Carney
    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."