General Electric is divesting its finance business, starting with the sale of $26.5 billion of real estate assets. Back to its roots as an industrial manufacturing powerhouse, churning out jet engines, medical devices, oil drilling equipment and the other heavy equipment.Read more
Bloomberg's Julianna Goldman reports that G.E.'s CEO, Jeffrey Immelt, is not "rooting for Republican presidential hopeful Mitt Romney in this year’s election." Immelt is head of President Obama's Council on Jobs and Competitiveness, as well as an informal economic adviser to the president.Read more
The White House has released the list of those who will be sitting in the first lady's box tonight during President Obama's jobs address in Congress. Among the Obamas' guests will be several business leaders and politicians, including some very close friends of the president, and others from around the country.Read more
Jim Geraghty: "Obama Uses Some of that Political Rhetoric Left Outside the Door"
Jonah Goldberg: The hot new punchline is "That's Racist"Read more
Uh oh. First, Russ Feingold came out swinging at General Electric for not paying any taxes and now The Daily Show tears into NBC for not covering the scandal involving their parent country. It seems that Obama's favorite CEO is officially in hot water on the left:
Russ Feingold speaks truth to power. He calls out one aspect of the Obama administration’s crony-capitalist, big-government-corporatist, welfare-state liberalism—the relationship between the Obama White House and its favorite pet CEO, GE’s Jeffrey Immelt. Russ has a petition—see below—calling on Immelt to resign from, or for Obama to fire Immelt from, his position as chair of Obama’s Council on Jobs and Competitiveness. Sign the petition. And why not go further? Get rid of the Council, period. Surely Russ and his fellow progressives would agree on that too.Read more
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