Wednesday, July 13, 2011

The Hypocrisy of General Electric CEO Jeffrey Immelt

You have to give General Electric CEO Jeffrey Immelt this: He’s got nerve. No integrity whatsoever. But certainly a lot of nerve.

How else can he accept some sweet deal from the Obama administration ensuring that the very profitable GE didn’t have to pay a dime in federal taxes last year, and then lecture the real private sector about its responsibility to solve Obama’s unemployment problem?

The Chairman of Obama’s Council on Jobs and Competitiveness – apparently, when Immelt sells out, he doesn’t do it by halves – acknowledged that there might be a few tweaks the government could make in order to help employers out. But:

“The people who are part of the business sector… have got to stop complaining about government and get some action underway. There’s no excuse today for lack of leadership. The truth is we all need to be part of the solution.”

To borrow from the Brits delightful array of negative terminology… What a stuck up prig! And an over-privileged one at that.

High on Daddy Obama’s perks, he’s all too willing to ignore the very relevant reasons employers do have for their hiring freezes and even their layoffs:

  1. The 35% corporate tax that drains profitability away from them so that Obama can give backroom deals to his cronies and buy guns for Mexican drug cartels who turn around and use them on us
  2. The red tape and regulations and ridiculousness that surround the business world, thanks to all the laws our Congress doesn’t even bother to read before signing
  3. The lousy economy, where consumers are still holding onto tightened wallets as they watch their finances dwindle away with the value of their homes and the inflation that Obama assures us doesn’t exist except on food and gas prices
But even if none of those issues existed, businesses still wouldn’t have any responsibility to “stop complaining about government and get some action underway.” Despite Obama’s best efforts, the U.S. is not a socialist society yet, so it’s still largely every man for himself, at least in the business world… not every man for the regime.

That might sound selfish and in some cases, it plays out that way. But more often than not, it forces people to think and act more responsibly; since they know they have to take the fall if they fail, they usually end up trying harder, thinking smarter and producing better and more ingenious results because of it.

And in this political climate and this economy, thinking smarter means playing it safe… not spending money they don’t have for things they don’t need like the government does.

Clearly, in Immelt’s position bending over for Obama, he can’t – or won’t – see that.

1 comment:

  1. Very nice Jeannette! This reminds me of something my friend from Montana told me about. She used to work in the mines, I can't remember which type off hand. She told me that after GM was bailed out and became Obama motors, they were laid off because they outsourced the mining to Africa with 14 year old laborers. Gotta love just how much Obama cares about the American worker. Maybe that's why the unemployment rate is so high under our Dear Leader. If you like I'll be happy to introduce you two on facebook.