Jeffrey Immelt, Crony Capitalist. A Limerick.

Obama names GE CEO as head of new economic board From Michael O’Brien – 01/21/11 The top executive at one of America’s largest corporations is taking over as head of President Obama’s outside economic advisory council.

Obama named Jeffery Immelt, the chief executive officer of General Electric (GE), as chairman of the new Council on Jobs and Competitiveness. The president announced the appointment during a Friday trip to Schenectady, N.Y., where he  visited the birthplace of GE, the fourth-largest U.S. company, according to Fortune magazine.  Immelt replaces Paul Volcker, the former chairman of the Federal Reserve Board, who will step down from his post as head of the Economic Recovery Advisory Board, an outside panel recommending solutions on how best to boost the economy. Immelt had previously served as a member of the board, which includes prominent business and labor leaders.

Appoint Jeffrey Immelt, Barry’s old protegé.

He will do to this land what he did for GE

Run it into the ground

No new jobs to be found

But promoting this President, that’s his forté.

Published by

lenbilen

Engineer, graduated from Chalmers Technical University a long time ago with a degree in Technical Physics. Career in Aerospace, Analytical Chemistry, and chip manufacturing. Presently adjunct faculty at PSU, teaching one course in Computer Engineering, the Capstone Course.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s