Tell me again what a triple-A rating is good for? Not a whole lot, if one of the iconic triple-As in American industry, General Electric, has to go hat in hand to the federal government for a $182.5 billion bailout.
“In a desperate attempt to find revenue, Immelt is seeking to profit from President Obama’s big government agenda,” said Tom Borelli, Ph.D., director of the National Center for Public Policy Research’s Free Enterprise Project. “Immelt successfully lobbied for Obama’s failed $787 billion economic stimulus plan and now he is actively lobbying for the president’s cap-and-trade policy. Immelt’s actions are responsible for putting our nation in deeper debt and looting future generations of their economic liberty.”