UPDATE: Obama's man from G.E. stepping down Schooling in the Ownership Society: Look who's 'leaning' on pols to cut more out of pensions

Schooling in the Ownership Society: Look who's 'leaning' on pols to cut more out of pensions:

Immelt, Obama's man from G.E. stepping down

by Mike Klonsky

“Adoption of the Common Core by states was a historic event in education and one we believe will dramatically alter the landscape of education forever,” said Bob Corcoran, president of the GE Foundation."

Jeffery Immelt is the chairman and chief executive of G.E., the largest corporation in the U.S. and a company that rakes in about $15 billion/yr. yet pays not a penny in U.S. taxes. In fact, in 2010 the company actually received tax credits of $3.2 billion dollars while at the same time, wringing millions in wage and benefit concessions from its workers. Pretty slick, huh?

Immelt and Obama

That didn't stop Obama from making Jeffery Immelt, a Republican, his top outside economic adviser as head of the Council on Jobs and Competitiveness. Now that the presidenthas disbanded the Council, Immelt can trot on back to his post at G.E. where he can build more nukes and invest company 

Look who's 'leaning' on pols to cut more out of pensions

by Mike Klonsky

THE POWER BEHIND THE PENSION GRAB -- Second from left, R. Eden Martin, past president of the Civic Committee ,Lester Crown, chairman of Henry Crown & Co., and Tyrone Fahner, head of the Civic Committee and former chairman of the management committee at the Mayer, Brown, Rowe & Maw.

An editorial in today's Sun-Times unmasks the real power and the face behind the current attacks on the pensions and health care supports for retired teachers and public workers. It's the face of the Civic Committee of