GE CEO Immelt slams Obama

According to the financial times Immet was addressing a group of Italian CEOs.

"Mr Immelt also had harsh words for Barack Obama, US president, lamenting what he called a “terrible” national mood and expressing concern that over-regulation in response to the global financial crisis would damp a “tepid” US economic recovery. Business did not like the US president, and the president did not like business, he said, making a point of praising Angela Merkel, Germany’s chancellor, for her defence of German industry."

He latter hedged his comments by stating they were made at a private dinner and taken out of context.  Its understandable that he didn't want to expose GE to the ire of this administrations overzealous regulators, but we need more leaders to speak out and explain why a new course is needed.