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RUSH: Charles Gasparino with a piece in the New York Post today. “Back when he agreed to advise the Obama [regime] on economics, General Electric CEO Jeff Immelt told friends that he thought it would be good for GE and good for the country. A life-long Republican, Immelt said he believed he could at the very least moderate the president\u2019s distinctly anti-business instincts. That was three years ago; these days Immelt is telling friends something quite different. Sure, GE has managed to feast on federal subsidies, particularly the ‘green-energy\u2019 giveaways that are Obamanomics\u2019 hallmark.” Yeah, there\u2019s no question that that\u2019s one of the reasons Immelt did this. <\/p>\n
I\u2019ll read that again. “Immelt doesn\u2019t think he\u2019s had anywhere near as much luck moderating the president\u2019s fat-cat-bashing, left-leaning economic agenda…” What made him think he could? Well, he\u2019s a CEO. He\u2019s got to be a very confident individual and he\u2019s gotta have a healthy ego. But he doesn\u2019t understand liberals and he certainly doesn\u2019t understand socialists, and he doesn\u2019t understand committed liberals and socialists. No capitalist is gonna talk a liberal out of it. No capitalist is gonna talk a socialist out of it. I don\u2019t care how confident in yourself you are, it isn\u2019t going to happen. What ends up happening is the capitalist gets corrupted, and you might say that a variation of that happened. <\/p>\n
Here\u2019s a big company that ends up going green when there\u2019s no business there. In fact, that may be one of the reasons they took the subsidies: There isn\u2019t any business there! There isn\u2019t a green business. It doesn\u2019t exist. Solyndra, all the wind, all the solar, there\u2019s no business there. It was just a pipe dream. And Immelt managed to get a whole bunch of money. He got hundreds of millions of dollars and there\u2019s no business. That\u2019s pretty smart, actually, for his company. That was probably his objective. “Friends describe Immelt as privately dismayed that, even after three years on the job, President Obama hasn\u2019t moved to the center, but instead further left.”<\/p>\n
Immelt is “dismayed” at that.<\/p>\n
“The GE CEO,” says Gasparino, “is appalled by everything from the president\u2019s class-warfare rhetoric to his continued belief that big government is the key to economic salvation. Or, as one friend recently put it to me,” writes Gasparino, “‘Jeff thought he could make a difference, and now realizes he couldn\u2019t.'” Now, yes, ladies and gentlemen, this kind of stuff frustrates me to no end. I know that Immelt wouldn\u2019t talk to me if his life depended on it. But if he would have, I could have predicted everything that has happened here. I could have told him that despite his brilliance, his confidence, and best efforts, there\u2019s no way.<\/p>\n
(New Castrati impression) “How would you have done it, Mr. Limbaugh? You think Immelt couldn\u2019t talk Obama out of socialism? What makes you think you could explain it to him?” Because I would tell Immelt who Obama is. I would have told Immelt who Obama is: He\u2019s not just a Democrat; he\u2019s not just a misguided Democrat. That\u2019s what I would have told him, and I would have proved it. I would have documented it. Now, they say in this piece that Immelt is a lifelong Republican. But he\u2019s in Connecticut, which means he\u2019s gotta give to a lot of Democrats, and he did. Chris Shays, Chris Dodd, Tom Daschle, Pat Leahy, Harry Reid, Hillary Clinton, John Kerry, James Clyburn of the Congressional Black Caucasians. <\/p>\n
But he did give smaller amounts. He did give to Bush and McCain, and even Romney. I don\u2019t know. Immelt might think that Obama\u2019s in over his ears, that he just doesn\u2019t get it (sigh) which is a mistake. “Immelt\u2019s conversion from public Obama supporter to a private detractor is important,” writes Gasparino, “It shows how even businessmen who feast off his subsidies worry about his overall economic agenda and its long-term impact on the economy. Don\u2019t expect Immelt to say anything publicly about the downside of president\u2019s economic agenda anytime soon: He\u2019s still serving as what is considered the top outside economic adviser to the White House.”<\/p>\n
By the way, there are parenthesis here and Gasparino writes: “(A GE spokesman insists that the reports I\u2019m sharing here about Immelt\u2019s private criticism of Obama are ‘ludicrous.\u2019)” So a GE spokesman says: Gasparino, you\u2019re wrong; this is not how Jeff Immelt feels. “GE has too much to lose for Immelt to publicly ‘fess up to his disdain. The president now routinely talks up his desire to tax businesses that create jobs overseas, and GE overseas expansion is well-documented. Nor does the company want to put all its green subsidies at risk. <\/p>\n
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“Sure doesn\u2019t sound like an Obama booster to me.” That\u2019s how Gasparino closes his piece. In a companion piece from the Business Insider. Headline: “The Head of Obama\u2019s Jobs Council is Voting for Romney — General Electric CEO Jeff Immelt, the head of President Obama\u2019s Jobs Board, plans to vote for Mitt Romney” if he gets the nomination. “If true, the news would represent a major embarrassment to the [regime], which had elevated Immelt in their pursuit of private sector employment growth.” So chalk that one up very frustrated. All of this could have been prevent if Immelt had simply been told who Obama is. <\/p>\n
Even that might not have stopped him because those green energy subsidies are hard for a CEO to turn down. That\u2019s one of the problems with this all-powerful federal government that can just give money away that it does not have. Here you\u2019ve got General Electric. What more could Obama ask for than to have a company like that go all in for “green,” clean energy and all that? And what we know is that Immelt wouldn\u2019t do it on his own. He needed Obama bucks. Obama was more than happy to spend it. “Okay, here my Obama bucks. Now you\u2019re on my team, and I\u2019m gonna put you on some jobs committee over there just to keep the wolves at bay.”<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Charles Gasparino with a piece in the New York Post today. “Back when he agreed to advise the Obama [regime] on economics, General Electric CEO Jeff Immelt told friends that he thought it would be good for GE and good for the country. A life-long Republican, Immelt said he believed he could at the […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n