Immelt to head revamped recovery advisory panel at WH

posted at 9:30 am on January 21, 2011 by Ed Morrissey

Barack Obama promised a “hard pivot” to jobs in the third year of his presidency, and he has decided to shake up his advisory staff to demonstrate his commitment to it.  The old Economic Recovery Advisory Board will get shut down, and chair Paul Volcker will leave the White House after two years.  In his place, GE CEO Jeffrey Immelt will lead a new Council on Jobs and Competitiveness, tasked with finding solutions to the slow pace of job creation:

Signaling a shift to a new phase of the administration’s response to the nation’s economic woes, President Barack Obama will sign an executive order Friday establishing a new Council on Jobs and Competitiveness that will be lead by General Electric CEO Jeffrey Immelt. The signing coincides with a visit to a GE branch in Schenectady, N.Y., the birthplace of the company.

The new panel will replace the President’s Economic Recovery Advisory Board, and will have a new mission: to find “new ways to promote growth by investing in American business to encourage hiring, to educate and train our workers to compete globally, and to attract the best jobs and businesses to the United States,” according to the White House.

Obama also announced that Paul Volcker, head of the advisory board, would step down as its mission ends.

The new CJC will help Obama politically in a couple of ways.  First, the new board will showcase a new priority on jobs, a “pivot” Obama began promising in December 2009 and the lack of which contributed to the midterm beating Democrats took two years ago.  Second, membership on the board will apparently include a number of CEOs in a more high-profile advisory capacity than earlier outreach efforts.

The White House has to hope that the increased reliance on private-sector executives will improve Obama’s relationship with the business community as well as answer critics who have blasted the administration for its dearth of real-world business experience.  But it also comes as a rather large coincidence.  The White House just announced the start of its re-election campaign efforts, which will be run out of Chicago, and which will be tasked with beating the $700 million in contributions Obama raised in the 2008 campaign.  He will want businesses to get involved in that effort; his sudden interest in what CEOs think at least has the appearance of self-interest more than a change in economic philosophy.

Hopefully, Obama actually takes their advice and puts pro-growth economic policies in place while pulling back hard on regulatory innovation.  I suspect, however, that this is more intended as window dressing while Obama pursues the same economic policies that have led to stagnation and persistently high unemployment.


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Hey Ogabe! I heard that other crony capitalist Eric Schmidt is looking for work as well….

Caper29 on January 21, 2011 at 9:33 AM

God, I bet Jack Welch rues the day he picked Immelt to succeed him at GE. The guy is a statist.

DaydreamBeliever on January 21, 2011 at 9:34 AM

Meanwhile…Buses loaded with Union Purple Shirted
and Purple Blouse Goons and GoonEttes are on their way
to Immelt’s home to terrorize…..

oh wait,its a good non-evil CEO that works for Hopey!

Never mind….disregard!(sarc)

canopfor on January 21, 2011 at 9:34 AM

***************HYPOCRACY********************************

On parade!!!!!!!!!!!!!!!!!!!!!!!!!

canopfor on January 21, 2011 at 9:35 AM

If it was headed by Jack Welch I could understand but why pick someone who ran GE into the ground. Government bailouts and the sale of NBC to Comcast is probably all that kept GE afloat. How many Goldman Sachs folks will be on the committee? I am unimpressed.

Cindy Munford on January 21, 2011 at 9:35 AM

Immelt? The guy whose corporation until recently owned MSDNC? The guy whose corporation received federal(i.e. taxpayer) bailout money? The guy who thinks green jobs are the key to economic recovery?

Yeah, this will end well.

Doughboy on January 21, 2011 at 9:36 AM

Barack Obama promised a “hard pivot” to jobs in the third year of his presidency, and he has decided to shake up his advisory staff to demonstrate his commitment to it.
====================================================

Together We Thrive…..2012!

It’ll be,ahem,Shovel-Ready!!!!!!!!!!!!!!!!!!

canopfor on January 21, 2011 at 9:37 AM

Crony capitalism at its finest.

There is now quite the disincentive for NBC News to report absolutely anything negative about this White House – so basically their coverage will be the same.

KingGold on January 21, 2011 at 9:37 AM

You mean the beating they took two months ago?

Bigbullets on January 21, 2011 at 9:37 AM

Cindy Munford on January 21, 2011 at 9:35 AM

That is exactly why he was selected.

Applied Cloward & Piven Strategy.

turfmann on January 21, 2011 at 9:38 AM

Crony capitalism on acid.

the_nile on January 21, 2011 at 9:38 AM

God, I bet Jack Welch rues the day he picked Immelt to succeed him at GE. The guy is a statist.

DaydreamBeliever on January 21, 2011 at 9:34 AM

Exactly what I thought. GE = Government Electric, and Immelt is a total embarrassment to the entrepreneurial / business community.

beatcanvas on January 21, 2011 at 9:39 AM

This is soft fascism creeping in. Having Immelt on the advisory council is a conflict of interest as GE has been bailed out by the government and is in bed with them on green energy. Also, I question the credentials of a company that has sent 10% of its jobs overseas in the last 2 years. On top of that, GE is currently inking large business deals with China and has gone on record stating that China will be the world’s largest economy soon. Gee, he has lots of faith in the U.S. job market huh? Even further, GE has been doing immoral business with Iran which has resulted in our guys getting killed over there.

On the flip side and in full disclosure, my husband is an engineer with GE and anything that gets him out of the office is a good thing for the company he has run into the ground since he became CEO.

KickandSwimMom on January 21, 2011 at 9:39 AM

Immelt is leading the parade on “green energy.” He, thus, will serve to continue the alliance between O’s objectives of government intrusion in the marketplace and in subsidizing with taxpayer dollars what the free market is not doing naturally.

onlineanalyst on January 21, 2011 at 9:40 AM

Is GE the new Haliburton?

faraway on January 21, 2011 at 9:40 AM

The midterm Democrat beating was two years ago?! Holy, Rip Van Winkle, Ed-man!

Immelt? I didn’t think GE could get its head up the government’s butt any further, but I was wrong.

cartooner on January 21, 2011 at 9:41 AM

Let me guess — the panel’s going to come back with some recommendations on getting the economy going via more green energy projects like windmills and mercury-filled lightbulbs.

jon1979 on January 21, 2011 at 9:43 AM

Jeffrey Immelt is the last CEO I’d ever want advising the President on jobs. The guy is the poster boy for fascism. He has supported every single Obama initiative personally, owns the most pro-Obama cable news outlet. GE depends on the U.S. government for its survival and pays the sweet deals back with free pro-Obama propaganda on his network. And don’t forget, GE is almost single-handedly responsible for the CFL light bulb regulations. Only the ignorant will buy that this is a “pivot” of any kind. It’s more like “full steam ahead.”

ROCnPhilly on January 21, 2011 at 9:44 AM

Immelt is leading the parade on “green energy.” He, thus, will serve to continue the alliance between O’s objectives of government intrusion in the marketplace and in subsidizing with taxpayer dollars what the free market is not doing naturally.

onlineanalyst on January 21, 2011 at 9:40 AM

No doubt one of his first hires will be Van Jones.

Cody1991 on January 21, 2011 at 9:45 AM

Is GE the new Haliburton?

faraway on January 21, 2011 at 9:40 AM

Heh! ObaMao has sold out to Big Electric. Shocka!
Immelt and ObaMao are guilty of economic assault and battery.
Al Gore and friends continue to trumpet “How Green Was My Wallet.”

onlineanalyst on January 21, 2011 at 9:45 AM

John 1979, here you are from Amspec blog:

Translation, the hundreds of billions to date still haven’t done it so the government should rearrange things so as to (further) underwrite the agenda — and further distort it to meet political, not technological or economic drivers — and we would then further distort our decisions with politics, pouring more into things this administration and its supporters want us to spend money on.

This affirms the obvious, that Tuesday’s State of the Union speech will see Obama’s fourth call (including all three such January addresses, and his first at the UN) for legislation “making clean energy the profitable kind.” How obscenely direct, and even more garishly ignored each time by the media. He wants laws to make the uneconomic profitable for a politically selected class of people making politically selected gadgets, by taking your wealth and giving it to them which is something, as is clear in that fact this requires the force of the federal government, you would never do.

Make the uneconomic — key word — ‘profitable’. Because markets, driven by economics, will not. Only politicians can put your dollars to use to make the uneconomic ‘profitable’. And we know (and they again admit) that technology is not going to make these things what they would need to be to be profitable. Only state-imposed wealth transfers.

This nauseating display of crony capitalism is a reprisal of Obama and Immelt’s earlier buddy-flick. As I wrote in Power Grab:

“While palling around together on Obama’s [Economic Advisory Board, 'green economy' speculators] Immelt and [Al Gore partner at Kleiner Perkins, John] Doerr took to the pages of the Washington Post on the need for the U.S. to implement low carbon policies to fix America’s ‘competitiveness crisis’

Did you know that America is losing its edge because its energy prices are too low, and it has too few wealth transfers and governmental intrusions into the economy? Well, you do now, as the long and the short of this public relations coup for Obama’s agenda was that these guys agreed that the U.S. needs new policies so that Kleiner Perkins Caufield & Byers and GE can make more money. Ah, fresh ideas and ‘change.’

Among the claims and admissions in the Post item was that ‘Kleiner Perkins has invested $680 million in 48 of the most compelling new clean-energy technologies, with $1.1 billion more to invest.’ These gambles haven’t paid off for one simple reason: ‘our government’s energy and climate policies are our principal obstacle to success.’

Not policies that are actually obstructing them to innovate and create wealth; though we certainly have those, this isn’t of what these gents speak. What they mean is the absence of certain policies is what stands between them and their fortune. But here you see the clever use of language in Obama’s service toward energy rationing and old-school Progressivism.”

John Horner at Amspec.

Wethal on January 21, 2011 at 9:46 AM

Show us how crony capitalism works … A show for useful idiots.

tarpon on January 21, 2011 at 9:47 AM

Immelt…another one that lives in my town. Not that I actually see him much tho.

Yeah, they should have pulled Welch out of retirement for this instead.

JetBoy on January 21, 2011 at 9:48 AM

Is GE the new Haliburton?

faraway on January 21, 2011 at 9:40 AM

faraway:Good one!:)

canopfor on January 21, 2011 at 9:48 AM

Sing it with me, “GE. We bring evil to life.”

mizflame98 on January 21, 2011 at 9:51 AM

Yeah, they should have pulled Welch out of retirement for this instead.

JetBoy on January 21, 2011 at 9:48 AM

The only way they would have tapped Welch is if they actually wanted to create U.S. jobs. No, the deal here is to find another way to force the “smart grid” and “green energy” crap down our throats. GE is heavily invested in the “smart grid”–which is another way to eventually limit or tax our energy use by monitoring every appliance we own.

KickandSwimMom on January 21, 2011 at 9:52 AM

tasked with finding solutions to the slow pace of job creation:

Cut government spending (including entitlement reform), keep taxes low, and move to fewer regulations.

Now, where do I collect my check for this advice?

rbj on January 21, 2011 at 9:58 AM

Hopefully, Obama actually takes their advice and puts pro-growth economic policies in place while pulling back hard on regulatory innovation. I suspect, however, that this is more intended as window dressing while Obama pursues the same economic policies that have led to stagnation and persistently high unemployment.

Naw, nothing good will come of this, as all the previous posters have pointed out all the flaws to this action. How audacious is this, really? Obama always finds a new way to just stick his middle finger into our faces. This guy (Obama), has no CLUE how to create a job, he never even ran a kool aid stand as a kid. This Imelt guy doesn’t know how to run a company without sucking on the teat of the national treasure.

karenhasfreedom on January 21, 2011 at 9:58 AM

http://www.nationalreview.com/planet-gore/253165/ge-buys-volts-taxpayers-get-charged-henry-payne

GE Buys Volts, Taxpayers Get Charged
November 12, 2010 12:00 P.M.
By Henry Payne

Contrary to its rhetoric, the Democratic party has presided over economic policies that have benefited Wall Street, not Main Street. A chief example is corporate-welfare king General Electric, which has strategically used the Obama administration’s attempted takeover of America’s energy economy to pad its bottom line.

“The Obama administration gave corporate giant General Electric $24.9 million in grants from the $787-billion economic ‘stimulus’ law President Barack Obama signed in February 2009, according to records posted by the administration at Recovery.gov,” reports CNS News. “Despite getting $24.9 million from U.S. taxpayers, GE decreased its U.S.-based employees by 18,000 in 2009. According to Standard & Poor’s, GE took in $156 billion in revenue in 2009.”

the_nile on January 21, 2011 at 10:00 AM

I’m sure it makes sense to Obama and his mission. After all, Immelt is an expert in running things into the groud.

kingsjester on January 21, 2011 at 10:00 AM

to the midterm beating Democrats took two years ago.

November, 2010, was two months ago.

My, how time flies when you’re having fun.

bgoldman on January 21, 2011 at 10:01 AM

From GE’s last 10Q

GE agreed to work with China’s
Ministry of Railways and CSR Corporation Limited to establish a U.S.-based joint venture to advance
high-speed rail and urban transit vehicles for American customers.

In addition, the company agreed to create a 50-50 joint venture with China Aviation Industry Corporation to advance GE avionics competitiveness.

In Russia, GE, Russian Technologies (Rostekhnologii) and INTER RAOU UES JSC agreed to form joint ventures to modernize that country’s power-generation and healthcare sectors.

… agreements worth $700 million for power-generation equipment and services for the new high-efficiency Riyadh
PP11 power plant in Saudi Arabia; and a $500 million contract with Saudi Aramco to supply a broad
range of equipment and services for an expansion of the Shaybah gas-oil processing facilities

Plus aircraft engines.

GE is much, much more than lightbulbs.

faraway on January 21, 2011 at 10:01 AM

Isn’t this the same guy who said the following:

“We’re all Democrats now” and “The government has moved in next door, and it ain’t leaving. You could fight it if you want, but society wants change. And government is not going away.”

???

THAT Jeff Immelt????

Indy82 on January 21, 2011 at 10:01 AM

What does Immelt know about unsubsidized job creation? Dude belongs in prison, not the Administration. He’ll fit in perfectly – and fail spectacularly.

Blacksheep on January 21, 2011 at 10:03 AM

I think Immelt and Obama are having an affair/sarc

I was reading the guest list for the state dinner the other day and saw this guy on the guest list. IMO, anything involving GE/Immelt is audacious as it gets.

ORconservative on January 21, 2011 at 10:03 AM

Analysis is spot on Ed

cmsinaz on January 21, 2011 at 10:03 AM

Campaign 2012 feature

cmsinaz on January 21, 2011 at 10:04 AM

It is more than appropiate that Immelt should rhymn with smelt, in that after a short while, both stink!

pilamaye on January 21, 2011 at 10:08 AM

Unfortunately for Obama, a “hard pivot” on jobs will require turning right at the next intersection. So far this administration has been just like watching NASCAR, Left, Left, Left…

NavyspyII on January 21, 2011 at 10:12 AM

THAT Jeff Immelt????

Indy82 on January 21, 2011 at 10:01 AM

Yep, that’s the one….fellow democrat./

Electrongod on January 21, 2011 at 10:13 AM

Do unto America what I’ve done unto the quality of GE appliances?

Yikes!

MNHawk on January 21, 2011 at 10:15 AM

THAT Jeff Immelt????

Indy82 on January 21, 2011 at 10:01 AM

Yep, that’s the one….fellow democrat Traveler./

Electrongod on January 21, 2011 at 10:13 AM

FIFY.

NavyspyII on January 21, 2011 at 10:18 AM

Jeff Imelt? The Democrat Party Member Crony Capitalist Extraordinaire? LOL Like this corrupt POS knows squat about the free market. His plan, no doubt, will be for more GE taxpayer funded contracts to create renewable energy windmills and solar panels and Democrat Propaganda televsion and radio stations. Anyone else remember when GE used to actually make stuff people used? “GE. We bring good things to life.” Not anymore. Today they suck the life out of taxpayers for bogus energy producing scam machines.

JimP on January 21, 2011 at 10:19 AM

Bill O’Reilly will have a canipshion fit…

Gohawgs on January 21, 2011 at 10:20 AM

Hopefully, Obama actually takes their advice and puts pro-growth economic policies

Have you lost your mind! This is totally insane! Immelt is Van Jones by another name. Need I remind you that he is the tool that writes the checks for Keith Olbermann and company? Need I remind you that this dude wants nothing more than for the government to spend waste trillions for windmills and expensive light bulbs? This selection is, to use the words for James Carville “WAR” (yeah I know, f–k the new tone) on the American economy.

MJBrutus on January 21, 2011 at 10:21 AM

Simple, don’t listen to MSM and seek out Alternative Media.

The people have slowly come around over the last several years and started putting blame where it belongs – on our policy makers, benevolent government servants, and the corporate leaders like Immelt who hide behind the veil of a free market and an open society while doing everything in their power to undermine them.

PatriotRider on January 21, 2011 at 10:21 AM

No, the Bush WH never asked the sitting CEO of Halliburton to take part in policy.

darwin-t on January 21, 2011 at 10:24 AM

Should be funny to listen to O’Reilly on this. He comes across as hating Immelt.

Paul-Cincy on January 21, 2011 at 10:24 AM

Is GE the new Haliburton?

faraway on January 21, 2011 at 9:40 AM

No, the Bush WH never asked the sitting CEO of Halliburton to take part in policy.

(forgot faraway’s question)

darwin-t on January 21, 2011 at 10:26 AM

The White House just announced the start of its re-election campaign efforts, which will be run out of Chicago, and which will be tasked with beating the $700 million in contributions Obama raised in the 2008 campaign. He will want businesses to get involved in that effort; his sudden interest in what CEOs think at least has the appearance of self-interest more than a change in economic philosophy.

The Candy Store is Officially Open

For Sale: Hope and Change — only $700 million!

Rovin on January 21, 2011 at 10:26 AM

Bill O’Reilly will have a canipshion fit…

Gohawgs on January 21, 2011 at 10:20 AM

He won’t say a word.

darwin-t on January 21, 2011 at 10:27 AM

Just what we need; another adivsory board that soaks the taxpayer and produces zilch. Let’s not forget about the 1000 or so advisory boards to be set up under Obamacare. On FOX News this morning, expected costs for advirosy boards is expected to exceed $400 million for 2011.

I can already envision the recommendations from Immelt’s adivsory board: more green jobs that will not help the energy sector one bit.

Can’t wait for the first conflict of interest hearing when the advisory board focuses on jobs that benefit GE. And wasn’t it GE that owned MSNBC and created a leftwing pit-bull news organization to demagogue the Pubbies??

For Immelt, who’s accomplished pittance for GE stockholders as CEO, this is political payback. For the economy, it’s just window dressing.

Bob in VA on January 21, 2011 at 10:28 AM

To promote growth “by investing in American business’? Who is going to be doing that investing? The government, with taxpayer, or Chinese, money?
A better name for this group would be: Council for Crony Capitalism.

GaltBlvnAtty on January 21, 2011 at 10:28 AM

His plan for recovery? Ban all cheap lightbulbs and force Americans to buy expensive GE lightbulbs.

besser tot als rot on January 21, 2011 at 10:32 AM

Maybe Immelt will do for the American economy what he has done for GE. Since taking the helm from Jack Welsh, Immelt has presided over GE stock price falling by 75%.

maryo on January 21, 2011 at 10:34 AM

Great. Another socialist idiot trying to come up with a solution to the economic problems we all face.

This order is all propaganda and placebo to give the appearance of ODumbAss trying to do something about the mess he made.

dogsoldier on January 21, 2011 at 10:34 AM

At the very least, Immelt should be required to disconnect himself from GE before taking that job. Or, if he won’t resign from GE, GE should be taken off the list of approved gubmint contractors.

When do the investigations start on the Immelt-GE-Obama relationship? Conflict of interest and perpetual payola, big time. Immelt-Obama engineered a stealth bailout of GE via gubmint funds for ‘green’ energy.

petefrt on January 21, 2011 at 10:37 AM

rbj on January 21, 2011 at 9:58 AM

You just violated the first rule of consulting. You need make sure your report supports what they want to hear. You won’t get very many gigs if you are going to tell them the unvarnished truth.

chemman on January 21, 2011 at 10:41 AM

The difference between fascism, and communism/socialism is that in fascist countries industry is run by CEOs, and in communism/socialism countries industry is run by commissars.

Slowburn on January 21, 2011 at 10:44 AM

Yeah that’s the ticket lets appoint the guy that ruined one of the most successful companies and sank the stock.

xler8bmw on January 21, 2011 at 10:46 AM

I’m not a fan of Presidential Advisory Boards, and I am concerned about a conflict of interest because of GE’s green energy initiatives (heavily invested in solar and wind energy). They have some health care investments too – not sure if they are for or against ObamaCare. We need someone who will push Obama to reverse his War on Oil and War on Coal. GE does have some clean coal technology, but that wont help Arch Energy who have been shut down because of the flipping Mayfly, an insect that lives for one day and isn’t endangered.

That being said, some of the comments above border on the hysterical and missing key facts:

1. He’s a Republican
2. GE sold NBC to Comcast so he’s not “writing checks” for NBC or MSNBC.

Buy Danish on January 21, 2011 at 10:50 AM

Buy Danish on January 21, 2011 at 10:50 AM

The sale of Comcast and NBC was just approved by the FCC and hasn’t seen a court yet. So the take over hasn’t happened yet.

xler8bmw on January 21, 2011 at 10:52 AM

Obama and Immelt is the epitome if an incestuous relationship. The billions given GE has not been used in a manner to help anyone, but the hierarchy that were responsible for the money delivered. Immelt is a sellout looking for a place to happen. It fits Obama’s transformation of America like the other tools Obama is using to reduce American exceptionalism. GE = Green and all of the incompetence that goes with it.

volsense on January 21, 2011 at 10:53 AM

Buy Danish on January 21, 2011 at 10:50 AM

Who is a republican?

ORconservative on January 21, 2011 at 10:59 AM

Immelt claims he’s a republican, but he is really just a tool for the government–ideology doesn’t matter.

KickandSwimMom on January 21, 2011 at 11:01 AM

Hopefully, Obama actually takes their advice and puts pro-growth economic policies in place while pulling back hard on regulatory innovation.

If Immelt is an example of a pro-growth CEO, we’re in deep trouble.

JavelinaBomb on January 21, 2011 at 11:02 AM

Immelt? WTF??

This is the most blatant political payoff I have ever seen! I guess we will all sell stuff to Iran now to help our economy. If we can’t sell it to the dictators in China. If GE can’t make enough money from government “green” contracts.

PattyJ on January 21, 2011 at 11:02 AM

Who is a republican?
ORconservative on January 21, 2011 at 10:59 AM

Immelt. I didn’t say he was a conservative Republican.

Buy Danish on January 21, 2011 at 11:05 AM

correction

The difference between fascism, and communism/socialism is that in fascist countries industry is run by government selected “CEOs”, and in communism/socialism countries industry is run by commissars.

Slowburn on January 21, 2011 at 10:44 AM

Slowburn on January 21, 2011 at 11:06 AM

GE CEO Jeffrey Immelt will lead a new Council on Jobs and Competitiveness

Uh, yeah. Immelt has done WONDERS as CEO of GE.

Just like Barry did with the Chicago Public Schools.

GarandFan on January 21, 2011 at 11:21 AM

GE, who sought to rip off the American tax-payer with Cap & Trade legislation while ripping off the American tax-payer by getting TARP bailouts. Sure… what could go wrong.

DANEgerus on January 21, 2011 at 11:23 AM

So Obama picks a guy that took GE stock from about $50 a share to $18 a share. Great choice!

crazywater on January 21, 2011 at 11:29 AM

Once again . . . GE = NBC = MSNBC = Political shill. Obama is simply replacing his left wing, liberal mob with others of the same ilk.

rplat on January 21, 2011 at 11:36 AM

If he was doing his JOB right, he shouldn’t have TIME to play white house expert.

The board should look to a new CEO asap.

golfmann on January 21, 2011 at 11:38 AM

When you can’t do the job, reorganize.

Hey! Obama is learning something from corporate America!!

tom on January 21, 2011 at 11:54 AM

Lets see, new face, same old philosophy. More money spent, more time wasted, no true solutions. SSDD

TQM38a on January 21, 2011 at 11:58 AM

Should be funny to listen to O’Reilly on this. He comes across as hating Immelt.

Paul-Cincy on January 21, 2011 at 10:24 AM

He will either tiptoe around it, or he won’t touch it at all.

He might hate Immelt but he adores 0bama.

UltimateBob on January 21, 2011 at 12:02 PM

His plan for recovery? Ban all cheap lightbulbs and force Americans to buy expensive GE lightbulbs.

besser tot als rot on January 21, 2011 at 10:32 AM

You mean those curly little fluorescent ones with the toxic juice inside? The ones that are made in China?

The ones that will create ZERO American jobs?

Those expensive GE lightbulbs?

UltimateBob on January 21, 2011 at 12:08 PM

I suspect, however, that this is more intended as window dressing while Obama pursues the same economic policies that have led to stagnation and persistently high unemployment

Wait a second, aren’t republicans to blame for the bad economy because they stood in the way of the Keynesian delights we were all promised…even though all those Keynesian delights got passed because there weren’t enough republicans in office to stop it?

so confusing.

Also, I think the White House had bad messaging, that’s why overregulating the business world didn’t cause growth.

joeindc44 on January 21, 2011 at 12:18 PM

Immelt’s taking a ‘hands on’ approach to making sure we have to buy into GE’s green tech BS.

GE…we bring green crap to life!!

What’s next?? Some one from GM put into a position to cram a Chevy Volt into every orifice in every state/local/federal government??

BigWyo on January 21, 2011 at 12:25 PM

We need to get Madoff on a work release to handle entitlement funding and a big city mayor to handle job creation.

Wait..oh boy..the guys likely to get those jobs are worse than my attempt at humor.

IlikedAUH2O on January 21, 2011 at 12:55 PM

Immelt is fully in the pants of Obama and the Chinese.

Schadenfreude on January 21, 2011 at 1:32 PM

It’s not surprising to note that GE’s campaign contributions have skyrocketed for the Dems since His Most High Exalted Oneness’s (pbuh) immaculation.

Maybe Immelt et al. just wanna be frontrunners or maybe they’re just co-public teat sucklers.

Actually, it’s hard to differentiate between the regressives in government and the bloated, tyrannical bureaucracies of the MegaConglomaCorps.

rocksandbroncs on January 21, 2011 at 2:18 PM

Isn’t this the guy that drove GE into the ground? Seems like a good position for him in THIS White House. I guess the President hasn’t been successful enough in destroying the country, he had to go to the bench for help.

afotia on January 21, 2011 at 2:27 PM

…chair Paul Volcker will leave the White House after two years. In his place, GE CEO Jeffrey Immelt will lead a new Council…

Great!! Put the fox in charge of the chicken coop!!!

Immelt knows nothing about jobs or competitiveness.

All he knows is how to suck on the public teat.

landlines on January 21, 2011 at 3:31 PM

God, I bet Jack Welch rues the day he picked Immelt to succeed him at GE. The guy is a statist pathetic ass-clown.

DaydreamBeliever on January 21, 2011 at 9:34 AM

Immelt, the Cap and Trade-jobs-to-China disaster, has traded the $42 a share wealth of GE stockholders for $18 a share over 10 years. Tens of thousands of American jobs are gone, and tens of thousands more are now in China.

No wonder O’Bozo likes him — he doesn’t know shit, either.

Jaibones on January 22, 2011 at 12:17 AM