GE CEO sours on Obama despite green energy subsidies

But the White House Jobs Council chair can only afford to “privately” root for Romney.

Charles Gasparino writes in the New York Post:

Back when he agreed to advise the Obama administration on economics, General Electric CEO Jeff Immelt told friends that he thought it would be good for GE and good for the country. A life-long Republican, Immelt said he believed he could at the very least moderate the president’s distinctly anti-business instincts.
That was three years ago; these days Immelt is telling friends something quite different.

Sure, GE has managed to feast on federal subsidies, particularly the “green-energy” giveaways that are Obamanomics’ hallmark.

But Immelt doesn’t think he’s had anywhere near as much luck moderating the president’s fat-cat-bashing, left-leaning economic agenda of taxing businesses and entrepreneurs to pay for government bloat.

Friends describe Immelt as privately dismayed that, even after three years on the job, President Obama hasn’t moved to the center, but instead further left. The GE CEO, I’m told, is appalled by everything from the president’s class-warfare rhetoric to his continued belief that big government is the key to economic salvation.
Or, as one friend recently put it to me, “Jeff thought he could make a difference, and now realizes he couldn’t”…

7 thoughts on “GE CEO sours on Obama despite green energy subsidies”

  1. He is so appalled at the direction the administration is going, yeah right! If he had any honor, he would resign, and publicly state why.

  2. This site rails against the the repetition of “global warming is settled science”. Then it is wrong to repeat the equally incorrect phrase “class warfare”. The evidence of worrisome concentration of income is unassailable. In my opinion, more progressivity in tax rates is essential.

  3. I’m not buying that Immelt wasn’t all in. I think Immelt is trying to repair
    his resume.

  4. This is easy to understand. Both Immelt and Obama live in an alternate universe but not the same alternate universe. Meanwhile back in the only real universe we have, The Laws of Thermodynamics are in charge. Not only is there no such thing as a free lunch (the first law), it takes intelligence, logic, knowledge, thought, discipline, and effort to keep chaos from overcoming what was once thought to be the proper state of modern man (the second law). In fact, the harder you work the further behind you will get if you attempt to work without enough intelligence, logic, knowledge, thought, and discipline being applied (the third law).

Leave a Reply

Your email address will not be published.