CEOs Try to Rescue Obama
With unemployment rising and Obama’s poll numbers falling big business leaders are coming to the president’s rescue. At the Montana Economic Development Summit held this week, GE CEO Jeff Immelt joined Warren Buffet and Microsoft CEO Steve Ballmer to promote encouraging signs in the economy. The Great Falls Tribune reported on the meeting.
“When I look across the variety of GE businesses, we see the world getting better,” said Immelt and Warren Buffet chief executive officer and chairman of Berkshire Hathaway added, “We are not going to have a double-dip recession at all.”
Let’s not take these comments too seriously since Immelt needs Obama’s big government policies such as cap-and-trade to support GE’s investment in renewable energy and Buffett has a significant investment in GE.