AlanGustin Blog2

The Unbelievable Arrogance of Obama’s ‘Czars’

Posted in Information, news, Politics by alangustin on July 16, 2011

I have been silent of late. I have grown weary of the political scene in America. Sometimes I think that the only reason politicians exist is to give the media something to talk about.

I saw something this morning that brought me out of my self-imposed, political-commentary exile.  It was a quote from Jeffrey Immelt, CEO of General Electric, and one of Obama’s economic advisors.  Immelt succeeded Paul A. Volcker, the former Federal Reserve chairman, who stepped down in early 2011.

It is reported that Immelt said to business owners, “Stop whining and start hiring!” 

Easy for him to say.  GE gets preferential treatment from the Obama administration.  GE has a strong lobby group pounding on the heads of lawmakers, and now, with Immelt as Obama’s right-hand-man on the economy, GE has an even stronger crony relationship with the current administration.

I believe that Obama is becoming more and more desperate with each day we get closer to the 2012 elections.  I believe Obama is becoming progressively more frustrated with his ‘Czars’, who can’t seem to come up with anything concrete  to deal with the debt crisis and the high unemployment rate in America.  I don’t believe anymore that Obama is an intelligent person.  I used to think that he was very intelligent.  But the truth is, his intelligence was exhibited only during his campaign for the office of President of the United States. 

Why else would he immediately appoint all those ‘Czars’ to surround him after being elected?  I believe it’s because he doesn’t have a clue about how to be President, and he knows it.  He was hoping his ‘cabinet’ would save his bacon by coming up with all the ideas to make him look good.  How’s that working out for ya, Obama?

During the 2008 financial crisis, the Federal Reserve provided $16.1 billion to General Electric by buying short-term corporate i.o.u.’s from the company at a time when the public market for such debt had nearly frozen. Having the chief executive of such a company advising the White House on job creation at a time when Mr. Obama is assuming a more deregulatory posture could further alienate liberals and be seen as undermining the White House’s commitment to reducing the influence of lobbyists and special interests.

Another complicating factor is union uneasiness about outsourcing by G.E. Officials at the United Electrical Workers Union say the company has closed 29 plants in the United States and one in Canada in the past two years, eliminating more than 3,000 jobs.

“We understand the logic of asking someone like that to step up and play a leading role,” said Damon Silvers, the policy director for the AFL-CIO. “But there’s a real tension there in making a G.E. executive a central figure thinking about U.S. jobs.” –N.Y. Times

So the guy who is responsible for 29 plant closures in the U.S. and the elimination of over 3,000 jobs has the freaking gall to tell other business owners to “Stop whining and start hiring”? …Really?  What a joke. 

The smell of incompetence is emanating from 1600 Pennsylvania Avenue, and I look forward to 2012 as the election year that ends one of the most damaging presidential terms in American history.

As for Jeffrey Immelt… I hope he can reconcile with American business, because with statements like, “Stop whining and start hiring”, he has certainly alienated himself from any reality-based, business leaders.

For some discussion about Immelt and his disconnect with reality, click here.

One Response

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  1. John Steyer said, on July 16, 2011 at 3:22 pm

    Alan, I understand how it feels to become so discouraged by the constant barrage of anti-American semantics….but we have to not get tired of doing good and continue to fight the good fight. It seems that the enemy has an endless reserve of amunition but we have God on our side! You are right about GE. I also had something to say about them.

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