Crony capitalist Jeffery Immelt, CEO of General Electric and chairman of President Obama's Council on Jobs and Competitiveness, was met by chanting protestors outside of the U.S. Chamber of Commerce earlier today before giving a speech about job creation.
Protestors chanting "Hey! Hey! Ho! Ho! Cronyism has got to go!" marched during the lunch hour today in front of the U.S. Chamber of Commerce's Washington, D.C. headquarters.
The marchers were protesting the appearance of General Electric CEO Jeffrey Immelt in the chamber's day-long conference on job creation, Jobs for America Summit. Immelt, who is chairman of President Obama's Council on Jobs and Competitiveness, was the event's keynoter.
“We think it’s ludicrous and outrageous that Jeff Immelt should be speaking at a job summit when he is the leading corporate job killer in America,” said Myron Ebell, director of the Center for Energy and Environment at the Competitive Enterprise Institute (CEI).“He is willing to hurt the U.S. economy if it will help GE.”
I doubt Mr. Immelt is impressed with the House voting today to repeal the ban on incandescent light bulbs, which would have greatly benefited GE.