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6 Bumps

Fox In The Hen House?

GE has been on Obamas "special" list from the beginning. After giving money to Obamas campaign GE companies recieved Tarp monies and Obama favors. Anyone have any thougths on this?

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Asked by itsmesteph11 at 11:27 AM on Jan. 21, 2011 in Politics & Current Events

Level 39 (113,405 Credits)
Answers (27)
  • My thoughts? GE has moved a lot of jobs overseas AND receives a government, taxpayer funded, handout..... Kind of llike GM getting a bailout and moving more jobs to Mexico.... But SOME in the media still look in the past to blame Bush.... Ohhh right, Immelt 'owns' some media, too...... Interesting..... No wonder Mathews gets a thrill up his leg for Obama....

    Answer by grlygrlz2 at 11:35 AM on Jan. 21, 2011

  • Nauseating but don't expect any hardcores to dish any criticism his way.

    Answer by tnmomofive at 11:36 AM on Jan. 21, 2011

  • Yep...and they raved and raved and hammered and hammered on GWB

    Answer by tnmomofive at 11:37 AM on Jan. 21, 2011

  • Here is MORE to chew on....

     General Electric once again spent more money on lobbying than any other company — $8.3 million last quarter (Pacific Gas & Electric reported $18.2 million in quarterly spending, but almost all of that was dedicated to opposing a state-level ballot measure in California). GE is also one of the two companies, together with Google, that is most in sync with the Obama administration.


    Answer by grlygrlz2 at 11:38 AM on Jan. 21, 2011

  • Then there was this.... The ORIGINAL program (2008 TARP) was suppose to exclude GE...  But Lobbying pays off...

    General Electric, the world’s largest industrial company, has quietly become the biggest beneficiary of one of the government’s key rescue programs for banks.  At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government.

    The company did not initially qualify for the program, under which the government sought to unfreeze credit markets by guaranteeing debt sold by banking firms. But regulators soon loosened the eligibility requirements, in part because of behind-the-scenes appeals from GE


    Answer by grlygrlz2 at 11:42 AM on Jan. 21, 2011

  • With one hand Immelt cries for  manufacturing to stay in the U.S., But with his OTHER HAND??? GE was at the  same time shipping manufacturing jobs overseas ...  Ohhhh and ALL while canceling business with US-based wind turbine maker, ATI Casting SVC.... So... Who got the new turbine bid????  Ohhh right, China.  And WHO just visited with Obama and even Immelt?  Ohhh right, China....


    Answer by grlygrlz2 at 11:47 AM on Jan. 21, 2011

  • Ohhhh and then there is this,

    "The last major GE factory making ordinary incandescent light bulbs in the United States has closed"..... "Rather than setting off a boom in the U.S. manufacture of replacement lights, the leading replacement lights are compact fluorescents, or CFLs, which are made almost entirely overseas, mostly in China"


    Answer by grlygrlz2 at 11:50 AM on Jan. 21, 2011

  • So what is going on is payback? That is politics!

    Friend helping friends not the poor!!

    Answer by gammie at 11:51 AM on Jan. 21, 2011

  • But ohhhhhhhhhhhhhhhh Obama is ALL about US jobs.... <----------------- BULL SH*T.. Yet, SOME continue to give him a free pass.... Pathetic.

    Answer by grlygrlz2 at 11:51 AM on Jan. 21, 2011

  • GE also weighs in on the FDA rules and regulations... it has been know now for more the 6 years that CAT scans inchildren esp children under 5 should be avoided at all cost but guess who makes CT scanners? like 90% of them are GE and they force the FDA and other groups to keep this information 'low key' to the general public--

    Answer by MELRN at 11:55 AM on Jan. 21, 2011

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