She doesn't think the tax day tea-parties were about outrage over taxes and spending at all.
"This is about hating a black man in the White House. This is racism straight up. That is nothing but a bunch of ...rednecks," Garofalo said.
O'Reilly called the claim ridiculous but seemed more incensed that Olbermann didn't challenge Garofalo. He called the incident a "new low for NBC."
After Immelt's remarks, Watters asked a question during the Q & A session (see video below).
"Last week on MSNBC Janeane Garofalo said that Americans who attended tea parties and were protesting high taxes and government spending were racist rednecks," he said. "She was not challenged by the anchor on MSNBC. Are you OK with that and do you consider this a form of hate speech?"
Immelt couldn't answer the question immediately as Watters (who didn't identify himself) was applauded by stakeholders for the question.
"My own personal beliefs aside, I believe that MSNBC has some standards that they follow and that's what you are seeing," Immelt said.