rbblum

Shareholder Communications: Kudos to GE's Immelt, Dominion

Something is amiss . . . BIG TIME. From the mouth and mind of GE's CEO Immelt: The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner.

One slight problem comes to mind with that one thought: In order for the Obama ideology to grow and flourish, with or without Immelt's praise and support, the current US economy and traditional lifestyle must crash and burn. Upon which then will the new world as perceived by the Obama ideology will a new republic be born.


Not only is Immelt established a track record of being captain of the GE ship that has stalled and dwindled as a profitable business, he is calling for the US government to succeed where it has no business . . . actively interacting with business. And with a track record of an ever increasing, unsustainable national deficit, decreasing value of the US dollar, higher taxes, and a diminishing lifestyle, who really can justify and defend the new social and economic order of the US as envisioned by the Obama ideology?

Bottom line: Not only does the Obama ideology come up short with a strong foundation and very little structural support, the financial and monetary numbers do not add up. DO THE MATH.