When You've Lost the King of American Corporatism...

I've chronicled the loss of confidence and the growing disgust that American business is developing for the Obama administration and the Democratic congress for some time. There were some high profile milestones to note, like David Farr breaking the ice publicly in one of the first articulations of this trend. Then there were the tidbits I picked up and reported to you. I also interpreted Warren Buffett's gentlmanly subtle digs at the man he supported during the election campaign. Then there was the revenge of Jim Owens of Caterpillar and Steve Wynn's rants. Finally the Business Roundtable, in the person of their Chairman Ivan Seidenberg, made this view the official mainstream view of Corporate America. Now, we've reached the end game: the sine qua non of go-along-get-along, cooptation, regaulatory capture, lobby-like-the-dickens, in bed with government corporatism, General Electric, has criticized Dear Leader. Immelt's comments can only mean that there isn't a single business left in America for Obama and the Dems to piss off, except for maybe some phony green job outfit feeding at the public trough. Hey GE, Ecomagine this...political leaders that don't want to drive American businesses into the ground and destroy America's economic competitiveness.