Jeffrey Immelt, General Electric (NYSE:GE) in Bed with Obama

The announcement that General Electric's (NYSE:GE) CEO Jeffrey Immelt will head up Obama's new Council on Jobs and Competitiveness is an unmitigated disaster, and it will come back to haunt the company for sure.

This is so outrageous, Immelt should be pressured to step down immediately and lick his wounds. Most will forget about if he's willing to admit his mistake, which is so much a conflict of interest that it's hard to believe pressure won't mount up extraordinarily on him.

The panel itself is just a show panel anyway, created to make the anti-business Obama suddenly appear friendly to the private sector, which is being devastated daily by Obama's radical socialist agenda.

Laughably, this is what was said, “Jeff Immelt’s experience at G.E. and his understanding of the vital role the private sector plays in creating jobs and making America competitive makes him up to the challenge of leading this new council.”

Immelt has been sucking on the public sector trough to build up General Electric, which is embracing the so-called green agenda, and his placement on the council will allow him to simply reinforce the disastrous policies of the Obama administration which is doing so much harm to the country.

Immelt and General Electric have back up Obama so much it's on the verge of being irresponsible. Every bit of it is to gain favor for government contracts and perks for the green strategy of GE.

One example is Immelt's backing of the outrageous plan for global warming fees. That's when thousands of scientists say the science behind global warming is suspect and unproven, and we're probably entering into a cold period for decades, rather than a warming. There's also the fact that the world has been cooling for the last decade as well.

The global warming fee fiasco is in direct relationship to benefiting Immelt and General Electric in their “Ecomagination” line of windmills, solar panels, and other boondoggles.

All of that is fine if there's really a demand for it and is done in the context of the free market. But General Electric has almost become an extension of the Obama administration in pursuit of unconventional energy sources, and is extracting tax breaks and other perks in order to push their business agenda out.

Probably the most outrageous was Immelt's backing of the controversial and unwanted nationalization of health care, which would enormously benefit General Electric via their medical equipment segment.

The fact that Comcast was given the go-ahead to acquire General Electric's NBC by Obama is a testament to the favoritism Immelt and General Electric is enjoying with Obama.

Evidently Obama's description of being pro-business is to be pro his political agenda. Jeffrey Immelt is all of that and more, and should be pressured to step down immediately before this silly and anemic so-called business council gets some legs under it, if it ever does.

If I was a competitor, I would be screaming until he was removed from his post.