Crony Capitalist GE CEO Jeff Immelt Advises Congress on Debt Ceiling

obama and immelt

GE CEO Jeff Immelt is calling on President Obama and his Congressional adversaries to meet in order to keep the $1.2 billion in spending cuts from taking effect on March 1.

Immelt, former chairman of Obama’s Council on Jobs and Competitiveness, is the last person to have a say in this matter, considering the millions in stimulus tax dollars GE obtained for renewable energy and the recent looting of tax payer funds in the fiscal cliff deal.