Diary

Beware Obama/Immelt Shadow Play

President Obama gave a speech at a General Electric (GE) plant in Schenectady, New York recently in which he praised Americans as the most innovative, creative and ingenious people on earth. He said that we will sell lots of things on the world market and to China that are made here in the USA.

 

Here are some excerpts from an article in the Albany (NY) Times-Union about the Obama visit:

 

“We’re going back to Thomas Edisons principle,” Obama told a standing crowd of about 400 at the GE facility in Schenectady. He said that the power products emerging from this plant would be headed to India, fulfilling the potential of a recent trade mission that secured $10 billion in exports.

 

“This plant is what that trip was all about Our challenge … is to harness the spirit, the potential, that you represent,” he told GE employees gathered at a building in the complex. “I want plants like this all across America. This is a model of what’s possible,” Obama said. “We know we can compete. Not just in the industries of the past but the industries of the future.”

 

GE has 7,000 employees in the Capital Region,(GE CEO Jeffrey) Immelt said, and “I know that this team can compete with anyone.”

 

(Obama) mentioned that “upstate New York and places like it have seen their fair share of hard times. … What has never changed is that America is still home to the most creative and innovative people in the world.”

 

Noting last year’s opening of GE’s renewable energy plant in Schenectady, Obama said, “Our challenge … is to harness this spirit, to harness this potential, to start and expand new business, hire and grow new workers.” (end of excerpt)

 

After the drubbing the Democrats took in the November election, it looks like Obama is suddenly seeking to appear more conciliatory to private enterprise. He also announced on the same day that he was going to appoint Immelt to head up his new Council on Jobs and Competitiveness.

 

Yes, it seems, Obama finally has seen the light and is going to become more oriented toward capitalist growth, even appointing an important corporate CEO to head up his new council.

 

Yeah, right…

 

This is all nonsense. Just look at Immelt himself. He is a big-time pro-Obama liberal at the helm of a major corporation, which is more and more common today. Immelt is even on the board of something called the Robin Hood Foundation. Does this alone not speak volumes? Immelt also is a graduate of Harvard business school where you learn that business is not meant to create jobs and make a product and profits, but a tool of social engineering.

 

One of the products made by GE in Schenectady is wind turbines. So Obama funnels government subsidies to Immelt’s company for inefficient wind turbines and that is supposed to be capitalism?

 

It is not. It is inefficient ‘crony socialism’. GE even makes solar panels, which are equally inefficient as windmills. Just drive around after a snowstorm and you will see solar panels that are buried in snow for days or weeks.

 

So let’s ask a few questions. And the answer to each question for any genuine growth-oriented capitalist would be “Yes”. Yet the answer to all these questions from Obama and Immelt would clearly be “No”, explaining why our economy is cascading down into statis:

 

*Do Obama and Immelt believe that we should lower corporate tax rates to keep companies here instead of fleeing to lower-tax nations?

 

*Do Obama and Immelt believe that the government should spend less money in order to balance our national budget?

 

*Do Obama and Immelt believe that upper-income people should be able to keep more of their wealth in order to keep that money working productively in the private economy?

 

*Do Obama and Immelt believe that ObamaCare is going to harm businesses with paperwork, bureaucracy and high costs, as already is happening?

 

*Do Obama and Immelt believe that nuclear power can provide our abundant and cheap electricity for the future?

 

*Do Obama and Immelt believe that excessive government regulations are harming our business climate, sending jobs overseas?

 

*Do Obama and Immelt think that the enviro movement is thwarting our economy with endless regulations, particularly in rural and small-town America, leading to high unemployment and increasing poverty in those areas?

 

*Do Obama and Immelt believe that the trial lawyers are far too powerful and should be restrained so as not to further hamstring our economy?

 

*Do Obama and Immelt believe that labor unions have done tremendous damage to our economy – and now to our state governments – and should be restrained?

 

Indeed Obama’s rarefied talk about our wonderful economy is a complete misdirection.

 

Reported Fox News:

 

‘While most corporate leaders have taken a wait and see approach to Obama’s occasional overtures to the private sector, G.E., along with Google, Goldman and few others, have backed him to the hilt.

 

It is unclear how the administration plans to deal with the ethics challenges created by having a CEO whose income is determined by stock performance leading a panel designed to recommend government policies. G.E. (2009 revenue: $157 billion) is a huge government contractor and is always in the market for new subsidies and incentives.’ (end of excerpt)

 

So as much as Obama talks about the creative spirit of American workers, his rhetoric and his policies are a complete mismatch. Watch Obama/Immelt carefully.

 

Please visit my website at www.nikitas3.com for more. You can read excerpts from my book, Right Is Right, which explains why only conservatism can maintain our freedom and prosperity.