WSJ Front Page: GE Pursues Pot Of Government Stimulus Gold

November 17, 2009 at 1:46 pm  ·  Category: Business Culture and Current Events, Macro Economics, Politics, Stocks

The government has moved in next door, and it ain’t leaving.  You could fight it if you want, but soceity wants change.  And government is not going away.

– Jeff Immelt, CEO, General Electric, in June at the International Economic Forum of the Americas in Montreal

I think we will do better than most on the stimulus.

– Jeff Immelt, CEO, General Electric, to analysts in April

Welcome to our increasingly corporatist economy: “General Electric Pursues Pot Of Government Stimulus Gold”, The Wall Street Journal, November 16, A1.

Guess whose on President Obama’s Economic Recovery Advisory Board?  Could it be Jeff Immelt, the CEO of General Electric?  Do you think GE will get more government stimulus money than smaller, less connected, businesses?  I wonder 😉

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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