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?
Answer by grlygrlz2 at 11:35 AM on Jan. 21, 2011
Answer by tnmomofive at 11:36 AM on Jan. 21, 2011
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
Answer by gammie at 11:51 AM on Jan. 21, 2011
Answer by grlygrlz2 at 11:51 AM on Jan. 21, 2011
Answer by MELRN at 11:55 AM on Jan. 21, 2011