President Obama’s decision to make GE CEO Jeffrey Immelt chair of the President’s Council on Jobs and Competiveness has come under attack from FreedomWorks and the Free Enterprise Project, which are calling for Immelt to be fired.
The groups, which have launched an online ad and a petition, say that Immelt’s leadership will lead to more “crony capitalism,” with the government helping a specific business or industry. They are also concerned that Immelt, who will remain CEO, will use his position to help GE specifically.
I dunno. This is speculation on my part, but I'm going to guess that the real aim here is to keep Obama isolated with the "anti-business" tag. Rather than try to pull the president in the direction of their favored policies, groups like FreedomWorks aim to make it illegitimate for business figures to do, um, business with the president. This seems more about winning elections than trumped-up concerns about "crony capitalism."