Now he says something.
“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.” - Jeffrey Immelt, CEO of General Electric
From the first days of this site we have chronicled GE’s mastery of the crony capitalist system. The company is extremely good at leveraging its size and political connections. Arguably there’s no company that works the system better.
In the wake of the president’s triumph, the crony capitalists knew they had to come and kiss the ring. Today they did that.
Jeffery Immelt, CEO of General Electric and in the running for King of Crony Capitalism (with Warren Buffet), now says that Obama is doing a poor job. He is afraid that big business is being vilified by the administration
I guess now that the green energy subsidies are drying up so is his support for the president.