IT'S MORNING IN AMERICA  9:33 am January 21, 2011

Anti-Business Obama Puts Another CEO In Charge of America

by Ken Layne

  • Worship it harder.In a desperate bid to prove he worships Wall Street enough to be allowed to remain president, Barack Obama has appointed General Electric CEO Jeffrey Immelt to the new White House group that will decide if CEOs are being treated well enough. (Obama is also shutting down the economic recovery panel led by Paul Volcker.) It’s the latest move for a president who is extremely worried that some liberal on the Internet or all the voters who supported him in 2008 might think he’s some kind of commie softy who doesn’t know his place, which is to serve the nation’s biggest corporations with no questions asked. Obama went to the important “net roots” blog The Wall Street Journal earlier this week to assure his masters that the White House would aggressively target environmental laws and other potential problems for the American mega-businesses still doing some operations in America. And earlier this month, Obama picked a new White House chief of staff that better reflects his desire to be a better servant to Wall Street: JPMorgan Chase executive William Daley. [Politico/Wall Street Journal/Fair Warning]
  • Speaking of our new White House chief of staff, Bill Daley, he doesn’t have to pay taxes on his sale of $8.3 million in JPMorgan Chase shares. This is because of “government ethics rules.” [Bloomberg]
  • Meanwhile, legal arrangements are being made in the White House and in Congress so that all the bankrupt states can officially go bankrupt and screw both their creditors and their retired public workers. [New York Times]
 

Hola wonkerados.

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{ 106 comments }

Barbara_i January 21, 2011 at 9:52 am

G.E. "we bring good things to life" (death panels)

Negropolis January 21, 2011 at 6:55 pm

Zombies.

Brains; BRAINS!!

Ducksworthy January 21, 2011 at 9:52 am

Where's Moses when you need him?

Boredw/Gravity January 21, 2011 at 9:52 am

Obama's also changing the letterhead to read "United States of America, Inc."

Clancy_Pants January 21, 2011 at 10:04 am

Might be better as an LLC?

kenlayisalive January 21, 2011 at 12:02 pm

United States of America, Inc. (A wholly owned subsidiary of Goldman Sachs).

There we go.

Negropolis January 21, 2011 at 6:56 pm

The United States of America, Presented by Yum! Brands, Inc.

transfatz January 21, 2011 at 10:59 pm

Made in China.

ChapterUndVerse January 22, 2011 at 7:54 pm

Subsidized Time can only be next. David Foster Wallace, we salute you, a unrecognized profit prophet.

ManchuCandidate January 21, 2011 at 9:52 am

Knowing a bit about the culture at GE… get ready to be "Six Sigmaed" to solvency, US America.

freakishlywrong January 21, 2011 at 10:10 am

I'm currently at the level of "fucked belt".

BaldarTFlagass January 21, 2011 at 9:54 am

I love the smell of change in the morning. Smells like victory.

Pragmatist2 January 21, 2011 at 10:02 am

Smells like school spirit.

Boredw/Gravity January 21, 2011 at 10:08 am

Nah, it just smells.

Negropolis January 21, 2011 at 6:57 pm

If it's GE, is smells like a box of broken CFLs.

Terry January 21, 2011 at 9:54 am

"Meanwhile, legal arrangements are being made in the White House and in Congress so that all the bankrupt states can officially go bankrupt and screw both their creditors and their retired public workers."

Some of those same states are trying to screw their residents out of health care, too. Multi-tasking!

SorosBot January 21, 2011 at 9:59 am

Trying? Arizona's cutbacks already have a body count.

Ducksworthy January 21, 2011 at 10:02 am

And who says government doesn't work? When it comes to killing people govt. is the best.

Terry January 21, 2011 at 10:08 am

Well, corporations have a pretty long track record of killing or maiming people, too. Factory explosions (Bopal, Texas City (multiple times), etc), mining disasters (West Virginia(multiple times), etc), faulty or contaminated products (too numerous to list).

OC_Surf_Serf January 21, 2011 at 10:12 am

Yes, indeed…but a couple wars in Mesopotamia are keeping the Government score in the lead.

Ducksworthy January 21, 2011 at 10:14 am

Perhaps. But these corporate killings could only be accomplished with Govt. assistance, or at least acquiescence. Also.

BaldarTFlagass January 21, 2011 at 10:16 am

I can't believe you guys are ignoring the all-time world champeen, millenium in and millenium out, of killing people: Organized Religion.

charlesdegoal January 21, 2011 at 10:08 am

OK. Nationalize the banks AND the states, then.

weejee January 21, 2011 at 10:10 am

nationalize the MBAs

Ducksworthy January 21, 2011 at 10:15 am

Don't forget the Churches.

harry_palmer January 21, 2011 at 9:57 am

He can grovel all he wants; to the plutocrats he'll always be "one of those."

horsedreamer_1 January 21, 2011 at 10:03 am

Jeffrey Wright in Syriana?

ttommyunger January 21, 2011 at 11:21 am

Excuse me, but following orders is, technically, not groveling.

glamourdammerung January 21, 2011 at 11:33 am

Does that make him one of the "good ones"?

Negropolis January 21, 2011 at 7:00 pm

Forget about the racial element. These fuckers don't care who they steal from, and they will never be sated. Obama could privatize the treasury and they'd still be bitching about the government being mean to them. I say cut the fuckers loose and let them survive in the market they love to worship as some invisible god.

V572625694 January 21, 2011 at 9:58 am

Time to trot out Jack Welch's divorce settlement again. How many stockholder zillions had to be conferred upon his wife again because Jack took a shine to the Harvard B-school magazine editor who interviewed him?

There's so much to learn from corporate America! They are our true heroes!

prommie January 21, 2011 at 10:01 am

You mean "Nice Tits" Welsh?

SorosBot January 21, 2011 at 9:59 am

Goddammit, Obama, stop listening to the slanderers in the mainstream media and give our nation's CEOs what they deserve: a one-way ticket down to Gitmo and the full Cheney treatment.

baconzgood January 21, 2011 at 10:25 am

You want to pepper them in the face with buck shot?

transfatz January 21, 2011 at 10:52 pm

You want to rip their hearts out and replace them with machines? Oh wait, no need to do that.

Ruhe January 21, 2011 at 10:00 am

Good news for Obama! He can be the environmental issue push over that Big Industry wants him to be since it turns out that Global Climate Warming is all really the fault of…wait for it…the Sun! And the Sun's pesky cosmic rays, which it sends to us lovingly without realizing how much it hurts our Industries by scaring all the climate-simpletons out there into thinking that the sky is falling. Obama should promise the industrial lobby that he'll give the Sun a stern talking to right away and maybe even withhold the state dinner the Sun is expecting.

SorosBot January 21, 2011 at 10:21 am

Ah yes, the old "the sun is responsible for global warming" bullshit. It is true that the sun is slowly getting hotter which should effect the Earth's climate; but the key word is SLOWLY, as in that there's no noticeable difference below the scale of several tens of millions of years.

Ducksworthy January 21, 2011 at 11:10 am

I hate to pick. Bt Affect/Effect? One is usually a verb the other isn't.

transfatz January 22, 2011 at 1:26 am

He should cut off its unemployment benefits since all it does is roll around heaven all day.

prommie January 21, 2011 at 10:00 am

Have you read Griftopia, Layne? This is the function of the federal government, to serve its corporate masters.

sarjo January 21, 2011 at 10:01 am

Immelt? Does that mean we can soon look forward to a Martha Stewart-led Dept of Interior(s)?

transfatz January 22, 2011 at 1:22 am

Now the oil slicks will come in more tasteful shades of avocado and cheery yellows.

charlesdegoal January 21, 2011 at 10:02 am

It's as though once elected, the staunchest advocates of social justice would have some kind of epiphany and become firm believers in the ability of capitalism to cure society's ills. Either that or power corrupts.

Ducksworthy January 21, 2011 at 10:11 am

Power corrupts? Also, threat of assassination probably enters into it. The Mafia dons are really the same as the other captains of industry, just with more colorful nicknames.

harry_palmer January 21, 2011 at 10:23 am

He said in his Inaugural Speech questioning our capitalist system, like questioning the CIA interrogators, wasn't gonna happen.

Tundra Grifter January 21, 2011 at 10:03 am

At the risk of being serious on a Friday morning: If states can go BK and screw their bondholders, investors will shed the tax-free munis they are now holding and buy US government debt.

Gov. Jerry Brown here in California wants to wipe out redevelopment agencies. What happens to all that debt?

This has to drive up interest rates, no matter how hard the Fed strives to keep them down.

Mississippi still can't find buyers in England because of its default on bonds issued to support a state bank – and I believe that was circa 1830-1840. Those bondholders spent about one hundred and thirty or forty years trying to collect.

jrients January 21, 2011 at 11:21 am

In a move that could only come from the Internet, you can now buy one of those worthless 1833 bonds for $395:
http://www.scripophily.net/planbanofsta.html

Pragmatist2 January 21, 2011 at 10:03 am

One day he's Batman. The next day he's Bruce Wayne.

mereoblivion January 21, 2011 at 11:06 am

Which days is he Batman, again? I must be dozing through those. (Or, as Bill Daley would say, Dozing tru doze.)

smokefilledroommate January 21, 2011 at 10:04 am

government ethics rules !!!!1!

TheHigherSpread January 21, 2011 at 10:07 am

You know, my chief observation about Dubya and why he provoked so much panic was that he wasn't necessarily doing anything that other presidents hadn't done previously — the National Security State was humming along quite nicely for five decades — but that he was so fucking transparent, obvious, and clumsy about transforming several arms of the government into the Ministry of Love that there was no alternative to scream at him. The illusion had shattered, and only those who were prone to denial couldn't see that the hammer was coming down.

Obama's doing the same thing. The business of America has always been business, but at least other presidents and administrations could hedge or dodge. Not our boy Obama! The Middle-Manager-in-Chief just cold doesn't care.

slithytoves January 21, 2011 at 10:07 am

This is a real pick me up today.

freakishlywrong January 21, 2011 at 10:08 am

We're being fisted again by some asshole. BRB, going to fist up!™ my Wonkateers.

SorosBot January 21, 2011 at 10:23 am

We had a few (even more incoherent than usual) comments from the name-changing troll yesterday, so I'm guessing he's still lurking around, downfisting us and waiting to make some nonsensical unfunny "joke" that probably refers to some wingnut conspiracy theory or meme no one outside those insular circles has ever heard of.

freakishlywrong January 21, 2011 at 10:30 am

NEEDS MOAR BANHAMMER.

ifthethunderdontgetya January 21, 2011 at 10:40 am

I'm fisting up!™ all common taters, per your instructions.

For great p-ness!
~

horsedreamer_1 January 21, 2011 at 10:08 am

Thing about state pensions: the largest share go to retired cops, sheriffs, & prison-guards, & they vote — Republican.

No way the Job-Kyling Senator from Arizona & his minions will want to rile up those armed & angry white men. (Oh, who am I kidding? The GOP will blame it on the costs of incarcerating all that darkness, then wink-wink-nudge-nudge the Falangists into taking out their ire at that fact against the Darkness currently squatting at 1600 Pennsylvania Avenue.)

ChapterUndVerse January 22, 2011 at 7:59 pm

Story in my area recently: brouhaha over the loss of free Fox programming in the offices at the district courthouse. Replaced with CNN, which is insufficiently patriotic, fair, and balanced, evidently. Word is that all the screens will go black if they all don't STFU about being able to watch TV on the taxpayer's dime.

slithytoves January 21, 2011 at 10:08 am

Troll fucker. Go shove it up your own ass.

horsedreamer_1 January 21, 2011 at 10:20 am

Thank you.

OC_Surf_Serf January 21, 2011 at 10:08 am

government ethics rules…THEY EXIST??

horsedreamer_1 January 21, 2011 at 10:40 am

It's a Miracle!

SorosBot January 21, 2011 at 10:41 am

Fuckin' government ethics; how do they work?

HolyMaracas January 21, 2011 at 10:12 am

Goddammit, Barry…just when things were starting to look up for you.

baconzgood January 21, 2011 at 10:22 am

And still Glenn Beck will call him a socialist. I'm glad GE is advising the prez. As you know GE is the most nicest, moral, social concious, prettiest and trusted company in the history of the universe….I love GE and they smell soooooo nice.

bureaucrap January 21, 2011 at 10:31 am

well at least they haven't shut down MSNBC (yet).

SorosBot January 21, 2011 at 12:00 pm

Now that the sale of NBC is just about done, we'll see if Commcast decides to interfere. The shitty way they treat their customers and the fact that their headquarters (the tallest building in my city) looks somewhat like Barad-dûr fills me with confidence.

glamourdammerung January 21, 2011 at 10:22 am

Surprised the troll(s) is not trying to tell us how another of theres is a "leftist":
http://content.usatoday.com/communities/ondeadlin

freakishlywrong January 21, 2011 at 10:29 am

Trolls don't need to, the "librul" media will report it as such. Because an "arancho-capitalist " comic book dealing gun-nut just screams "far left loon".

horsedreamer_1 January 21, 2011 at 10:42 am

Another stunted adolescent, still jerking to Objectivism.

SorosBot January 21, 2011 at 10:32 am

Knowing our media, this will be used to tar comic book fans instead of anti-government gun nuts. Or just ignored, like the MLK parade attempted bombing.

glamourdammerung January 21, 2011 at 11:33 am

The bad part about the MLK parade bombing is that I did not immediately call it as a teabagger until the feds commented on how ineptly the device was made.

glamourdammerung January 21, 2011 at 11:32 am

Er, "theirs".

Hurf-durf.

GOPCrusher January 21, 2011 at 1:24 pm

Considering how much they rail against the "government" when there is a Democrat or Democrats running it, not sure how their little brains process the information that anyone that is anti-government and arrested, is a "leftist".
A comic-book dealer? I'm sure he was one of those small business owners that they were trying to convince the American public would go away, if they weren't given more tax cuts.
Assholes.

prommie January 21, 2011 at 10:23 am

Don't go there, either. Trust me. Makes Alabama look almost civilized.

Terry January 21, 2011 at 10:27 am

Ocean Springs is a great place and the college towns are pretty nice, too.

ifthethunderdontgetya January 21, 2011 at 10:25 am

Just more of Bush's 3rd term.

And of course, it will never be enough for either the teatards or their plutocrat masters.

Thanks for nothing, DINO corporatists.
~

lefty74 January 21, 2011 at 10:25 am

Invision happy little cute elephant cubs dancing in the rain with the birds cherping and flowers abloom. Yes the Madison Ave. version of GE and Wall St. (HURL)
Can't fiire 10% of the workforce every year in all walks of life Mr. Dickhead Immelt.

Rotundo_ January 21, 2011 at 6:16 pm

Ah, yes, rank 'n' yank, that lofty H.R. tactic for helping people grow, elsewhere, unless you're well loved by upper management. It is amazing how they believe that lopping 10% of your staff yearly (cutting that deadwood) helps. It turns review time into an annual dead pool, which can't help but boost morale and productivity! Work every minute like your life depends on it, 'cause it does, motherfucker! The geniuses that came up with this "philosophy" will smoke a reeeeeaaallllllyy big turd in eternal hell if such a thing existed. Unfortunately it doesn't and they instead bask in comfort and security, and sleep peacefully and soundly every night.

neiltheblaze January 21, 2011 at 10:30 am

Oh goodie – now maybe Republicans will stop calling him a Kenyan fascist communist Nazi now that they understand he quivers at Wall Street's loins just like they do.

BarackMyWorld January 21, 2011 at 11:28 am

Riiiiiiiiight.

dr_giraud January 21, 2011 at 10:33 am

The Preznit is meeting Immelt today at GE in Schenectady, which is hilarious and apt, because GE has been downsizing, insulting and shitting on Schenectady with ruthless efficiency for decades. Immelt will draw on this wonderful legacy to forge a vision that maximizes corporate efficiency in downsizing, insulting and shitting on the rest of America.

transfatz January 21, 2011 at 11:18 pm

Ah, if it were only shit and not PCBs.

Come here a minute January 21, 2011 at 11:07 am

How much to lease a luxury box at the State of the Union?

ttommyunger January 21, 2011 at 11:25 am

Psst. Corporate Moguls and Political Sellouts: can you say "Tunisia"?

kenlayisalive January 21, 2011 at 12:05 pm

Oh to dream. If everyone could drag his/her ass out of starbucks/neighborhood hipster bar and onto the streets, we'd probably have something.

But that won't happen.

Oblios_Cap January 21, 2011 at 1:42 pm

We're too Exceptional to get off of our fat asses and actually protest, much less riot in the streets.

ttommyunger January 21, 2011 at 1:58 pm

It would seem so, at least so far.

jim89048 January 21, 2011 at 11:25 am

G.E.'s a pretty good guitarist, at least.

BarackMyWorld January 21, 2011 at 11:27 am

You see, this just proves Obama is a socialist. He's putting CEOs in charge of the government so when the government takes over the corporations the transition will be easier because the same people will still be in charge.

**millions of dittoheads and tea partiers nod in agreement**

slowhansolo January 21, 2011 at 12:37 pm

You just saved Mike Reagan about two days' effort.

Oblios_Cap January 21, 2011 at 11:45 am

"What's good for GE is good for America". Fucking Communist.

slowhansolo January 21, 2011 at 12:41 pm

Remember when Bubba drifted center to save his ass? Same thing, except Barry's starting from the center. According to Michael Reagan, in a recent column, all blacks live conservative but vote for Democrats, for some reason.

GOPCrusher January 21, 2011 at 1:27 pm

It's that Democrat Plantation.

Beanball January 21, 2011 at 4:04 pm

Don't look at me. I voted for Kucinich.

Negropolis January 21, 2011 at 6:51 pm

Obama is the most needy president I've ever seen. Gawd. Maybe, we should ignore his calls and texts for the next few days so he gets the hint.

You know what happens when you try to straddle a picket fence to carefully? Sometimes, you actually find the middle…and fall on it. Speaking of which, a deer impaled itself on the gate of Eminem's mansion in suburban Detroit the other night. Or, at least that's his story and he's sticking to it.

transfatz January 22, 2011 at 1:20 am

Careful Barry, that golden calf has parasites.

NadePaulKuciGravMcKi January 23, 2011 at 3:43 am

GE outsourcing NAFTA

Terry January 21, 2011 at 10:17 am

Mesopotamia plus part of the Median Empire.

Ducksworthy January 21, 2011 at 10:17 am

OK You win.

glamourdammerung January 21, 2011 at 11:35 am

Organised religion could not have pulled the Holocaust off without corporate sponsor IBM even with a German government dedicated to defending Christianity against the heathens.

OC_Surf_Serf January 21, 2011 at 10:24 am

Yeah..those Medians were much stronger than the Modes but eventually lost out to the Mean Empire.

jim89048 January 21, 2011 at 11:01 am

I'm sure the death panels will be subsidized, too.

charlesdegoal January 21, 2011 at 11:26 am

Above average: thumb.

Oblios_Cap January 21, 2011 at 11:44 am

He must be on the NRO cruise with Andy and the Doughy Pantload!

GOPCrusher January 21, 2011 at 1:25 pm

Is there a NAMBLA sponsored Carribean Cruise?

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