Uh Oh: Head Of Obama’s Jobs Board To Vote For Mitt Romney?
Animals can often sense danger brewing. House pets are known to go nuts before big storms hit, for instance. Might crony capitalists have the same instincts?
Are the rats fleeing the Obama ship?
General Electric CEO Jeff Immelt, the head of President Obama’s Jobs Board, plans to vote for Mitt Romney, Fox Business’ Charles Gasparino reports (via Bloomberg).
If true, the news would represent a major embarrassment to the Obama administration, which had elevated Immelt in their pursuit of private sector employment growth.
More from the New York Post:
Friends describe Immelt as privately dismayed that, even after three years on the job, President Obama hasn’t moved to the center, but instead further left. The GE CEO, I’m told, is appalled by everything from the president’s class-warfare rhetoric to his continued belief that big government is the key to economic salvation.
Or, as one friend recently put it to me, “Jeff thought he could make a difference, and now realizes he couldn’t.”
Immelt’s conversion from public Obama supporter to a private detractor is important: It shows how even businessmen who feast off his subsidies worry about his overall economic agenda and its long-term impact on the economy.
This would be a major black eye for the Obama administration, and I wouldn’t be surprised if Immelt (the consummate crony capitalist) walked any comments he made on the subject back in short order.
But to the extent there’s any truth here, it’s a sign that the Big Business world is ready to climb out of Obama’s pocket and into the pocket of whoever is coming next, which is most likely Romney. Immelt’s move is undoubtedly a calculated one, aimed at ingratiating himself and his company with the next political boss.
Tags: Barack Obama, crony capitalism, general electric, jeff immelt
