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Friday, July 2, 2010

‘Green’ Immelt turns ‘red’ with anger

Grandma what sharp teeth you have!

What’s going on here? GE, owner of NBC/MSNBC and big backer of Obama, apparently misread Obama’s destructive intentions. Did Immelt really buy into that ‘hope and change’ garbage?

GE’s Emmelt hits out at China and Obama

By Guy Dinmore in Rome and Geoff Dyer in Beijing

Published: July 1 2010 15:19 | Last updated: July 1 2010 20:33

Jeffrey Immelt, General Electric’s chief executive, has launched a rare broadside against the Chinese government, which he accused of being increasingly hostile to foreign multinationals.

He warned that the world’s largest manufacturing company was exploring better prospects elsewhere in resource-rich countries, which did not want to be “colonised” by Chinese investors. “I really worry about China,” Mr Immelt told an audience of top Italian executives in Rome, accusing the Chinese government of becoming increasingly protectionist. “I am not sure that in the end they want any of us to win, or any of us to be successful.”

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