Obama and GE: New Industrial Superstructure « Green Hell Blog

That GE is so dependent on government largesse should raise the specter of Immelt’s obvious conflict of interest. Will he advise the president on what’s good for America or what’s good for GE?

The Obama-Immelt partnership is best envisioned as two drowning men clinging to each other in order to stay afloat. The failed CEO needs the president’s central planning policies and favor to keep his job. The struggling politician needs the mega-company CEO to camouflage and smooth over his anti-business beliefs and tendencies.

This symbiotic relationship may work out for Obama and Immelt as individuals, but we ought not hold our collective breath waiting for two men without track records of nonpersonal success to create jobs, increase our competitiveness or to fix what’s ailing our troubled economy.