Last month, President Obama appointed Immelt to head his newly created Council on Jobs and Competitiveness. The move comes as no surprise when you consider that GE was one of the largest donors to Obama’s presidential campaign in 2008. That’s how the quid pro quo works. Now GE can use its privileged position to support cap-and-trade regulations and green energy subsidies to the detriment of both competitors and consumers.
The company that fired Reagan for speaking out against big government is celebrating the seminal speech in which he does the same, while the company’s CEO enjoys his spot in President Obama’s inner circle.
Reagan mythology comes from across the political spectrum and we will likely never agree on his political legacy. But Reagan was a clear and outspoken critic of government-driven corporatism. GE’s misappropriation of Reagan’s iconic speech reveals just how far they’ve strayed from his message. It’s representative of either a company that has gone entirely tone deaf or an acrobatic attempt at a revisionist Reagan history.
Correction: GE did not directly donate to Obama’s 2008 presidential campaign. The $499,130 in contributions to the Obama campaign that Kibbe references came from individual employees.
Matt Kibbe is president and CEO of FreedomWorks, a nationwide grassroots organization fighting for lower taxes, less government and freedom, and the author of Give Us Liberty: A Tea Party Manifesto.