FRONT PAGE CONTRIBUTOR
Jeffrey Immelt and Conflict of Interests
When the stimulus passed just two short years ago, a lot of special interests piled on to try and grab some of the dough that was being doled out. General Electric was part of that group.
From American Spectator:
On February 17th of that year, Obama had signed the stimulus bill, which included $24.9 million in grants that would flow directly to GE, with roughly $20 billion more slated for health care record modernization of the kind that GE specializes in — “with a direct request to do so from GE’s CEO Jeffrey Immelt.”
As Tabitha Hale from Freedomworks notes:
Jeffrey Immelt has been unapologetic about using the government to grow his corporation. The L.A. Times reminds us that last year Immelt was quoted in the Atlantic saying that he wants GE and government to work “in concert,” claiming that it didn’t make him a “traitor” or a “bad guy”… just “practical that that’s gotta happen.”
In reality, the idea of ‘working concert with government is only a pleasant if unintended byproduct of the business model GE has been following for the last decade. Under the direction of CEO Jeffrey Immelt, GE has made plenty of moves at the cost of American taxpayer dollars. From their backdoor bailout to their exporting of jobs and the selling of secrets to our enemies, it is safe to say that what is good for GE is not necessarily good for America.
Why then, would President Obama appoint Immelt to the job of advising the administration on how to
stop killing jobs create jobs? I put together a video for Freedomworks to help answer this question, but I’ll give you a hint: What’s green and kills jobs?