Archive for June 16th, 2010

Former GE CEO opposes climate-energy bill

June 16, 2010

Former GE CEO Jack Welch said today on CNBC that:

1. Obama should be focusing on the gulf oil spill “not new energy plans”; and

2. Our “pretty good economy” should not be “damaged” with “carbon taxes.”

“Let’s get [the economy] going,” he said.

Ironically, GE CEO Jeff Immelt and other USCAP CEOs will be pushing the climate bill on Capitol Hill tomorrow at a luncheon prior to the Democratic caucus meeting.

Welch built GE into the largest and most valuable company in the world. Immelt, in contrast, brought GE to the verge of bankruptcy, requiring a $140 billion federal bailout.

Click to watch the three-minute CNBC clip.