It’s been reported that GE CEO Jeffrey Immelt, who is also head of Obama’s jobs council, is increasingly appalled at the President’s economic ideas. Charlie Gasparino says:
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.
The “Just Unbelievable” title of this post does not refer to Mr Immelt’s belated recognition of the problems with Obamaism (if such has really occurred–the Gasparino story is based soley on unidentified sources)–but rather to the headline that the major financial website Business Insider chose to put on this story:
GASPARINO: Here’s Why GE CEO Jeff Immelt Is Going To Stab Obama In The Back
(The “stab in the back” phrase does not actually appear in the Gasparino article, but was added by the BI author or headline-writer)
Now there are many things one could say about Mr Immelt’s recent recognition of the problems with Obama and his ideology (again, assuming such discovery has really happened), One could say, for instance, “Jeff, what took you so long?” or “Immelt finally gets a clue,” or even “another rube self-identifies.” But stab in the back???
Immelt has not, as far as we know, sworn eternal fealty on the alter of Obama; he is not Obama’s feudal subordinate or even his employee. Expressing negative opinions about the President and his policies (again, if he really did) would not be stabbing anyone in the back.
Maybe BI believes Immelt’s behavior represents a “stab in the back” because the reservations were expressed privately. Personally, I’d rather have seen Immelt make a highly public announcement about his conclusions…in addition to the political impact, such an announcement would go a long way toward fixing the damage to GE’s reputation among significant segments of the population that has occurred due to the widespread perception that the company is the poster boy for crony capitalism. (Disclosure: GE shareholder) But one can surely understand why Immelt would be reluctant to take such a step given the many, many things that the Federal Government could do to harm GE and the evident willingness of Obama to use government power for political ends. The “Chicago Way” is, for the duration of the Obama presidency, a national phenomenon and a national plague.
BI’s use of the “stab in the back” headline exemplifies two things….First, the degree to which Obamaism is about the near-worship of a particular leader, to a degree almost unprecedented in mainstream American politics (remember those American flags with Obama where the stars should be??)…and second, the degree to which even much of the business media leans to the Left.
An alternate title for this post was Immelt may have gotten a clue–Business Insider still clueless.