Could It Be True, Or Is He Playing Both Sides Just in Case?

GE CEO Jeffrey Immelt’s support of the Obama administration’s economic policies — and subsidies — is well known. But could this New York Post columnist be right? Is Immelt privately alarmed by the anti-growth, anti-prosperity messages and policies? He wouldn’t be the first CEO to understand that. Last year, Democratic casino executive Steve Wynn didn’t  mince words about the administration’s anti-growth policies.  Will Immelt finally say so? I doubt it, but I find it fascinating that the rumor mill has started.

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.”