When General Electric CEO Jeff Immelt said last week that he regretted all his green talk, I was not alone in hoping he might be giving up on seeking government handouts for things like windmills and greenhouse gas credits.
But really, it seems, Immelt was regretting his rhetoric. The Reuters headline has it right: “GE’s Immelt wishes he had soft-pedaled green talk.”
Here’s the key quote:
Jonah Goldberg’s response is on point:
Job creation—as opposed to green job creation—is the new North Star of the Obama administration, and Immelt is simply adjusting his sails accordingly.
Obama knows that saving the planet doesn’t sell politically. Only jobs and lower gas prices do. He’s changed his rhetoric accordingly. Immelt is following suit.
But is Immelt really all about creating jobs? If so, why is he pushing for looser rules on how much domestic content must be included in goods being subsidized by U.S. taxpayers?
From Bloomberg:
