Jeffrey R. Immelt is President Obama's chairman
of the President's Council on Jobs and Competitiveness. He is also the CEO of General Electric, the same GE that was considered to be a bank so it could participate in the TARP bailout and corporate welfare boondoggle, the same GE that paid no corporate taxes last year, the same GE that laid off 21,000 worker since Immelt became CEO. Jeffery Immelt is the tall gray haired fellow sitting next to Obama when Obama, in Howard Davidowitz's words, "was laughing like a hyena" at the failure of the stimulus bill. So what has the Chairman of the President's Council on Jobs and Competitiveness done for you lately? He is moving GE's X-Ray division to China. Hope and change!
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