The words “subsidy” and “government” don’t actually appear in this Bloomberg story, but that’s what General Electric CEO Jeff Immelt was talking about in his complaints about the lack of a U.S. energy policy:
You actually have to have an energy policy,” Immelt said. “It’s stupid what we have today.”
China and industrialized counties such as Canada are pulling ahead of the U.S. in the race to lead in clean energy because policy makers in Washington have been caught up in debates on issues such as the effects of climate change, Immelt said.
“The rest of the world is moving 10 times faster than we are, and that’s going to mean someday fewer jobs, it’s going to mean less energy security, it’s going to mean lots of other things other than just climate change,” he said….
“I personally believe there should be a nuclear renaissance in this country,” he said.
So, keep this in mind, next time you hear about criticisms of Obama as anti-business. He’s actually being called out for being insufficiently consistent is ladling out corporate welfare.