Sunday, January 23, 2011

The Looter Czar

Il Duce, the Amerikan President, likes czars.  He's appointed so may of them that I honestly can't even hazard an estimate as to how many there actually are.  While Chairmanship of the President's Council on Jobs and Competiveness doesn't technically qualify as a "czarship", the new Chairman of that Council certainly merits some sort of Czar-like title.  Ladies and gentlemen, I give you - Jeffery Immelt.
President Obama today will name General Electric CEO Jeff Immelt chairman of the new Council on Jobs and Competitiveness, the White House announced overnight.
Why is this any more noteworthy than any other Il Duce appointment?  Because General Electric is the #1 looter corporation, and GE Chairman Jeffery Imelt is The King of Looters.
When Democrats said President Obama was “pro-business,” we didn’t know they meant one business in particular.

There are a few companies on the Obama corporate A List – Democratic patrons Google and Goldman Sachs both turn up again and again at White House functions and for special recognition – but no company seems to get the VIP treatment that General Electric receives.

Whether it is pushing the president’s plan for global warming fees in order to create demand for his “Ecomagination” line of windmills, solar panels, etc., boosting the president’s national health-care law as part of an effort to sell more medical equipment, or enthusing over the Obama strategy of making loans available for industrial exporters, Immelt has been an Obama stalwart all along. Immelt has also consistently argued to shareholders that there is big money to be made in advancing the Democratic agenda.
The fact is that no company has more riding on AGW than GE, and no company is more involved in lobbying for crap legislation to lock out its competition than GE. The bill that outlawed incandescent light bulbs? GE was behind that. All the crap legislation making our nation's "energy policy" completely reliant on wind, sun, and unicorn farts? GE was behind that.  GE is crony capitalism at its worst.

Il Duce is all about rewarding his supporters and punishing those who oppose him.  This is a bald-faced example of unmerited political payback.

But then, "unmerited" is a looter's middle name.