Everytime I hear this man speak, my spidey senses tingle. He is not what he seems. President Obama announced that he had formed an Economic Recovery Group and that GE’s CEO Jeff Immelt is one of the members. Why am I not surprised? Especially since I believe that Mr. Immelt is a socialist in disguise who hopes to partner with the government to his companies gain, especially in the area of energy. Why would I claim such a thing? One just needs to listen to the man’s words.
I already reported on my blog that the day before the Inauguration, Jeff Immelt appeared on MSNBC’s Morning Joe and declared that “Capitalism is the old playbook.” Now he has added to that sentiment with comments and answers he gave on Thursday at an Economic Forum hosted by the Wall Street Journal. After talking about the fact that the world’s governments are firing as many bullets at this economic crisis as possible he said, “Governments are all in. And in my view, government always wins.” Pretty stunning! When a person asked him if he thought the world was blaming America for this mess he said that America had given the world the ability to stand up and tell America, “I told you so” in regards to the idea that Capitalism and free markets do not work. A man from JP Morgan asked how Mr. Immelt felt about the government getting involved with business and how GE was dealing with that and very hesitantly Mr Immelt informed him that a year ago GE had formed a program called “Government as Partner”.
Mr. Immelt talks out of both sides of his mouth just like his fearless leader President Obama. He’ll say all of the above and then in the next breathe claim that he does not want the government in charge of GE. He’ll talk a good talk about America and accept a position on the president’s team and yet have his eyes solidly on the world where GE already does 55% of its business and claim that that is where GE’s future is and expects there to be huge growth for GE there. He said that China and taught them alot about working with the government. I just bet they did.