Barack's Deal With GE & Immelt Bodes Ill for America

Is Obama Resurrecting Nazi Fascist Economics?

By Kelly O'Connell
Sunday, January 23, 2011

Don’t look now, but Obama again sails into uncharted waters by naming Jefferey Immelt, CEO of General Electric, head of his jobs committee. http://www.mediabistro.com/tvnewser/msn ... ent_b49479 Imagine, if this was announced by George W, liberals would have screamed like fat kids at diet camp. But the national response is light applause and yawns, proving once again—it’s not what is done, but who does it—that matters to leftists.

Fascinatingly, such collusion between government and big business recalls Nazi fascist economics. Such blurred lines between public and private sectors is the subject of this column.

I. Obama’s Agreement with General Electric & Jeff Immelt

Obama is not Adolph Hitler. Yet, it’s still weirdly fascinating how he repeatedly recycles disproved ideas of leftist regimes. For example, fascists accommodated industry in a way communists could not imagine.

Now Obama reuses their playbook.

Of the Immelt appointment, the White House said,

A board to get Americans back to work and strengthen our economy will be chaired by Jeff Immelt, CEO and Chairman of General Electric…The Council will focus on finding new ways to promote growth by investing in American business….

So, the current CEO of one of America’s largest companies running a government jobs program raises no red flags? Ironically, GE has long flouted sanctions on Iran, Syria and others. http://www.foxnews.com/story/0,2933,351332,00.html But instead of punishment, GE is rewarded. Has no one really asked what kind of quid pro quo, or reward, GE gets for its aid to Obama?

The American Spectator reports GE already benefited from Obamanomics:

Obama had signed the stimulus bill, which included $24.9 million http://www.cnsnews.com/news/article/oba ... ral-electr in grants that would flow directly to GE, with roughly $20 billion more slated for health care record modernization http://www.informationweek.com/news/hea ... =217900127 of the kind that GE specializes in—“with a direct request to do so from GE’s CEO Jeffrey Immelt.â€