obama. [ applause ] >> jeff immelt is perhaps the ceo who is most cozy with president obama. jeff immelt was recently named the country's job caesar. >> i'm proud and breezed that he has agreed to chair this panel. >> general electric is structuring their business around where government is going. everything around high speed rail, solar, wind, general electric is winding up to get what government is handing out. >> the "new york times" so many tax breaks to g.e. thanks to their fierce lobbying that despite billions of dollars in profit, they will pay no taxes this year. once upon a time in america, companies got money from investors and created wealth by inventing things. >> 25 years ago my friends and i started with nothing but an idea. microsoft did that they started with nothing and created billions in shareholder wealth.