There’s been a lot written over the last couple of years about the Obama administration‘s crony capitalism. Other than ‘spooky dude’ George Soros, there is, perhaps, no better embodiment of an Obama crony in capitalist’s clothing than General Electric’s Jeff Immelt.

With Immelt sitting at the right hand of Obama and GE’s ability to avoid paying taxes, Immelt has had the distinction of being able to unite both the Right and the Left against his company As FreedomWorks’ Tabitha Hale pointed out recently:

Immelt bet the farm on GE’s green enterprise, at the expense of American jobs. Now that he is realizing the political ramifications of advocating policies that will bankrupt our country and continue to put Americans out of work, he’s started to walk it back.

Immelt’s unique ability to unite the Right and the Left against GE was also pointed out to him personally by FreedomWorks’ Kristina Ribali during GE’s recent shareholder meeting in Salt Lake City.

[youtube]http://youtu.be/iOUIY1X997w[/youtube]

“Fascism should more properly be called corporatism because it is the merger of state and corporate power.” —Benito Mussolini

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“I bring reason to your ears, and, in language as plain as ABC, hold up truth to your eyes.” Thomas Paine, December 23, 1776

X-posted.