Barnes takes on Obama's new job-creation guru

Posted by Mitch Kokai at 4:36 PM

Fred Barnes' latest Weekly Standard column has little good to say about General Electric's CEO:

In General Electric CEO Jeffrey Immelt, President Obama may not have picked the worst possible corporate executive to head his new panel on job creation. But Immelt is pretty close.

Immelt is a classic example of a rent-seeking CEO who may know what’s good for his own company but not what produces economic growth and private sector job creation. He supported Obama on the economic stimulus, Obamacare, and cap-and-trade – policies either unlikely to stir growth and jobs or likely to impede faster growth and hiring.

» Return to posts for January 21, 2011

» Return to the Locker Room