GE Boss Explodes the Hypocrisy Meter
Where do you start with a tool like Jeffrey Immelt? How about by pointing out that this poster child for corporate cronyism paid no corporate tax on $5 billion in profits... and has cut 36,000 jobs since the dawn of the Age of Obama. Now he's lecturing businesses that they shold stop complaining about government. How convenient. From Jammiewearingfool:
Now as Obama's unemployment rate threatens to sink his presidency, here comes Jeffrey Immelt to lecture business owners.
"The people who are part of the business sector, the people in this room, have got to stop complaining about government and get some action underway," he told the group. "There's no excuse today for lack of leadership. The truth is we all need to be part of the solution."
Hmm. Sounds like shared sacrifice. of President Obama's Council on Jobs and Competitiveness. He said the group has made a number of recommendations for changes in government policies that should be able to help job creation, such as the executive order announced Monday asking independent agencies to rid their books of old and outdated regulations.
Immelt said he is committed to working with Obama on other moves that can help hiring, and that he expects to have proposals by the end of the year that should help to create up to 1 million jobs.
Why doesn't he start at GE?
On the upside, Immelt is actually creating some jobs.