In General Electric CEO Jeffrey Immelt, President Obama may not have picked the worst possible corporate executive to head his new panel on job creation. But Immelt is pretty close.

Immelt is a classic example of a rent-seeking CEO who may know what’s good for his own company but not what produces economic growth and private sector job creation.  He supported Obama on the economic stimulus, Obamacare, and cap and trade – policies either unlikely to stir growth and jobs or likely to impede faster growth and hiring.