Jeffrey Immelt, GE epitomizes how federal policies, cronyism, and rent seeking is destroying America from within

GE Stabs the US in the Back

- Alan Caruba
Friday, August 26, 2011

In 1876 Thomas Alva Edison opened a laboratory in Menlo Park, New Jersey, for the purposes of exploring how to produce and distribute electricity. History records that he invented the incandescent electric light bulb there. By 1890, he had established the Edison General Electric Company, now know simply as GE.

In 2011, Jeffrey Immelt, the CEO of GE and the chairman of President Obama’s “Jobs Councilâ€