This is nothing new. They’ve long been partners. From GM to Goldman Sachs, from GE to Monsanto, this administration has sought to “partner” with business since the beginning.
This guy is something else. Take a look at the above picture taken when business leaders reported to the White House in the wake of Obama’s victory. Look at Obama’s face.
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.
It’s hard to tell which is the bigger crony capitalist organization these days, GE, or GM. They both seem to enjoy operating under the federal blanket. It so cozy there. Read More