General Electric and Barack Obama- a match made in government payoff heaven

GE, Barack Obama, Government, Stimulus, Green News, Obama Watch, Obama News, Jeffrey Immelt

General Electric (Parent Of Pro-Obama MSNBC) Received $24.9 …

It turns out that a lot of pro-Obama organizations ended up receiving a lot of “economic stimulus” money.  For example, it is being reported that the Obama administration gave General Electric $24.9 million in grants under the stimulus law.  Keep in mind that General Electric was the corporate owner of NBC, MSNBC and CNBC during the 2008 election.  These various news outlets were absolutely shameless when it came to promoting Barack Obama during the 2008 election.  In fact, MSNBC was more radically pro-Obama than even CNN was (and that is saying a lot).  Apparently Barack Obama was quite grateful for all the help.  25 million dollars is one heck of a tremendous thank you gift.  General Electric was the primary recipient of 14 separate economic stimulus grants.  In addition, the recipients of four other economic stimulus grants hired GE as a contractor.  So is this the way that the game of politics is played in 2010?  Sadly, the truth is that this is how the game of politics has been played for decades in this country.

http://thetruthwins.com/archives/general-electric-parent-of-pro-obama-msnbc-received-24-9-million-in-economic-stimulus-money

GE To Make BILLIONS From Obama Cap and Trade Scheme | The Common …

GE To Make BILLIONS From Obama Cap and Trade Scheme

Breaking: O’Reilly reports that General Electric in the position to make billions from Obama’s Cap and Trade scheme and is lobbying heavily for it’s passage. Not only are they the largest wind turbine generator maker, they are going to profit heavily from the “cap and trade” credits as possibly the sole “secoindary market’ trader of these credits. Now do you understand the main stream NBC, MSNBC, CNBC fully supporting the Obama agenda, and the hate-filled, anti-conservative spew from their networks.

On tonights “The Factor”, O’Reilly reported that GE is embroiled in what perhaps could be the largest scandal in the history of this nation. Currently, GE and CEO Jeffery Immelt have spend millions in lobbying efforts to assure the passage of this dasturdly “cap and trade” proposal. And, as evidenced from the Shareholders meeting in Orlando, Immelt wasn’t in the mood for the boo’s and the questions that exposed the media bias from NBC and MSNBC (and CNBC) and their total shift from objective reporting to nothing but pure bias toward the Obama administration and their “cap and trade” scheme…..

Under the Obama plan, the “cap and trade” credits will be issued to all producers of energy. GE is the largest manufacturer of wind turbines as well as other electical generation turbines used in coal, gas, atomic, and hydroelectic electricity generation facilities. With the Obama plan, those cap and trade credits would be issued by the Federal Government, and ultimately, traded just like any stock or bond. GE has apparently, created and entire unit with the Corporation that would deal in the Secondary Market trading these credits. First, they are going to take in billions of dollars from government contracts in wind energy. Second, they perhaps are going to have exclusive control over the secondary market for these cap and trade credits. That, in effect, puts GE in the catbirds seat for all energy produced in this nation as ALL “carbon emission” energy sourced are going to be subject to these carbon schemes. This includes ANY oil related, natural gas related, gasoline, diesel, and any other manufacturer that uses any petro-based  component. That means every single plastic container, every car, every chemical fertilizer, every pesticide, every single thing you use will be subject to this scheme as it too, is made from a carbon based material…..
http://thecommonconservative.com/?p=446

Bankrupt’ GE To Spend $30 Billion As Obama Administration …

Feb 14, 2011 … After GE’s ‘secret’ $16 billion taxpayer-funded bailout …
http://sadhillnews.com/2011/02/14/bankrupt-ge-to-spend-30-billion-as-obama-administration-continues-to-fund-you-guessed-it-ge

After GE’s ‘secret’ $16 billion taxpayer-funded bailout while US Government enforced the use of GE mercury-laced light bulbs on American citizens, President Obama called on GE’s chief Jeffrey Immelt to head his economic recovery advisory panel as Obama made ‘special arrangements’ for the upcoming $53 billion in taxpayer funds used to subsidize GE’s construction of a high-speed rail system.

Having spent $5 billion in the past five months on energy-related purchases, today we learn that GE is ‘somehow’ able to cough up another $2.8 billion for the purchase of the John Wood Group – a British oil and energy services firm.

Speaking of ‘oil’, remember Obama dumping BP stock weeks before the Gulf oil spill? Remember when Obama pals Warren Buffet and George Soros started buying Brazilian? HERE, HERE, HERE, HERE, HERE, HERE, HERE, HERE, HERE, and HERE.

Remember the ‘non-related news’ (according to MSM) of Obama putting a moratorium on Gulf oil drilling while underwriting foreign offshore drilling in Brazil? HERE

And get this, GE chief Jeffrey Immelt – yes, the same Jeffery Immelt mentioned earlier – will see that ‘bankrupt’ GE spends ‘up to $30 billion on takeovers in the coming years.’ Of course conveniently-blind mainstream media (including MSNBC which is owned by GE) is crowing about the anticipated ‘GE $ billion spending spree’ as if it was an accomplishment or some measure of GE’s ‘success’:

(Yahoo/Reuters) General Electric Co is to buy a unit of British energy services firm John Wood Group for about $2.8 billion, the latest move by the largest U.S. conglomerate to boost its presence in oil services.

GE’s acquisition John Wood’s well support division raised hopes of more deals in the oilfield services sector, where GE has recently been an active buyer of assets.

GE, which is buying the unit through its oil and gas business, in December agreed to buy Britain’s oil drilling pipemaker Wellstream Holdings Plc for $1.3 billion.

Read more: http://sadhillnews.com/2011/02/14/bankrupt-ge-to-spend-30-billion-as-obama-administration-continues-to-fund-you-guessed-it-ge

Here is how GE’s Pravda branch gave in 2008 Election cycle (that’s NBC to you and me):

NBC

D- $10,250

R- $3,9007

NBC Productions

D-$400

R- $

NBC Sports

D- $500

R- $0

NBC Studios

D-$ 4,250

R- $0

NBC Television

D- $4,800$4,800

R- $0

NBC Universal

D- $82,150

R- $8,5009

CNBC
D- $750

R- $0

GE’s Immelt to Head Obama’s New ‘Jobs and Competitiveness’ Board …

35 posts - 24 authors - Last post: Jan 21

“GE is the biggest suckling at the Federal teat.” …. Hence the lobbying, buttressed by generous campaign contributions: Employees and executives … went to Democrats, with Obama easily the top recipient of GE money. …
www.freerepublic.com/focus/f-news/2660995/posts