EPA Issues First Waiver For New Greenhouse Gas Regulations

Tabitha Hale
RedState
2/3/2011

Guess who it went to? That’s right. Jeffrey Immelt.

Let’s do a quick recap. As National Review points out, back in 2009, Obama awarded GE$24.9 million in stimulus funds, and “roughly $20 billion more slated for health care record modernization of the kind that GE specializes in — ‘with a direct request to do so from GE’s CEO Jeffrey Immelt.’” Then last month, the President appointed Jeffrey Immelt, the CEO of General Electric, to his Head Council of Competitiveness and Jobs.

This all holds incredibly consistent with Immelt’s notion that for businesses to be successful it must work “in concert” with the government. However, it’s also known as “rent seeking” and is a glaring example of Big Government interfering with Big Business. Which is a problem.Rent seeking not only comes at the expense of American tax payers, but works to the detriment of both competitors and ultimately consumers. Basic economics says that competition drives down prices. Government support eliminates competition. Prices go up…

The article continues at RedState.

Update:  Obama Empowers Jeffrey Immelt as the Ultimate Crony Capitalist, at BigGovernment.com

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