Thursday, October 29, 2009

GE looks to bring new profits to life :Obamanomics


It seems to blatantly obvious that GE and their media outlets NBC, MSNBC, CNBC etc. are incestuously in bed with the Obama Administration’s Socialist Agenda and Obamanomics.

But look a little deeper and even a casual observer would notice that not only are GE’s media properties propping up the Obama administration but GE Capital has received billions in bailout money , GE alternative energy and GE carbon trading units will benefit from Cap and Trade and GE’s medical technologies unit will benefit massively from Obamacare .Even GE’s Defense Units look to benefit when President Obama signs a defense bill approving funds to build a second GE engine for the F-35 Joint Strike Fighter Program .On foreign Policy GE received an invite to site down with Vladimir Putin after the abrupt foreign policy change made by President Obama on the European Missel Shield.

Jeffery Immelt, Chairmen of GE is a member of Obama's Economic Recovery Advisory Board. Mr. Immelt is not only an Obama supporter and financier but he has become a big proponent of “Global Warming” with GE being one of the prime beneficiaries of the proposed “Cap and Trade “ legislation.

GE is building major businesses in a lot of industries that should benefit from an Obama presidency ,wind power and other sustainable energy sources, healthcare technologies, railways. Power generation, aviation and clean water technologies.

GE looks to gain from virtually every aspect of the Obama agenda weather its nationalized medicine ,cap and trade, bank bailouts and perhaps with all their falling ratings a main stream media bailout. After all FOX News now has higher ratings than all its competitors combined and one wonders if the their current war with the white house has more to do with Obama’s attempt to prop up his media buddies and help GE.

General Electric (NYSE:GE) is the parent company of the major media conglomerate NBC Universal, which owns media outlets NBC, MSNBC and CNBC. At times that has led to the lines between corporate advocacy and journalism being blurred. While NBC is now the mouth piece for the Obama administration MSNBC and CNBC continue to front for the socialist agenda unfolding in Washington. Over and over again Immelt has used his platform at CNBC to make the case for a cap-and-trade program to curb emissions something Obama has called for and the one a Congressional committee is debating this week.

So this all begs the question : does GE own the Obama administration?


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