As readers know, Jeffrey Immelt, chair of GE is high on my list of all-time crony capitalists. Perhaps I am just in a bad mood, or perhaps it was my announcement yesterday about the soon to be released movie, Atlas Shrugged. But I can’t stomach folks who eat at the public trough and then turn [...]
I don’t mean to pick on President Obama, but he just seems to be singing the wrong note time after time. Actually, that was a bit of a deception by me: I actually do mean to pick on our president. After his State of the Union speech where he promised everything to everyone, he went [...]
The Daily Capitalist is kicking off the first in a monthly series of the Crony Capitalist of the Month. In it we will feature mainline “capitalists” who see government favors to support their businesses. This series starts off with General Electric’s Jeff Immelt.
If you wonder why the economy is stagnating, [...]