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?

Only Six US corporations hold a AAA credit rating from S&P

Currently, only Six US corporations hold a AAA credit rating from S&P - Automatic Data Processing (ADP), Exxon Mobil (XOM), General Electric(GE), Johnson & Johnson(JNJ), Pfizer Inc(PFE) and Microsoft(MSFT)- carry a 'AAA' rating.

XOM BRIEF: For the six months ended 30 June 2008, Exxon Mobil Corporation's revenues rose 37% to $254.93B. Net income rose 16% to $22.57B. Revenues reflect an increase in Upstream Non-U.S. revenues and upstream U.S revenues. Net income was partially offset by an increase in crude oil & product purchases, higher production & manufacturing expenses, a rise in depreciation & depletion, increased sales based taxes and higher other taxes & duties

ADP BRIEF: For the fiscal year ended 30 June 2008, Automatic Data Processing, Inc.'s revenues rose 13% to $8.78B. Net income from continuing operations rose 14% to $1.16B. Revenues reflect an increase in income from Employer Services segment, higher income from PEO Services segment and increased income from Dealer Services segment. Net income also reflects a decrease in interest expense and the presence of gain on sale of buildings.

GE BRIEF: For the six months ended 30 June 2008, General Electric Company's revenues rose 9% to $89.16B. Net income from cont. ops. fell 7% to $9.76B. Revenues reflect an increase in income from Infrastructure, Commercial Finance, Industrial, NBC Universal and GE Money segments due to organic growth. Net income was offset by increased cost of sales, higher interest & other finance charges and increase provision for losses on financing receivables

JNJ BRIEF: For the six months ended 29 June 2008, Johnson & Johnson's revenues rose 8% to $32.64B. Net income rose increased 22% to $6.93B. Revenues reflect higher turnover as a result of increased earnings from Consumer segment and increased Medical devices & Diagnostics segment sales. Net income also reflects higher operating margins due to cost reduction in administrative expenses and the presence of in-process research & development expense.

PFE BRIEF: For the six months ended 29 June 2008, Pfizer Inc.'s revenues increased 2% to $23.98B. Net income from continuing operations increased 18% to $5.55B. Revenues reflect increased income from Pharmaceutical and Animal Health segments. Net income also reflects decreased research & development expenses, lower restructuring charges & acquisition related costs and decreased amortization of intangibles assets

MSFT BRIEF: For the fiscal year ended 30 June 2008, Microsoft Corporation's revenues increased 18% to $60.42B. Net income increased 26% to $17.68B. Revenues reflect an increase in income from Client segment due to growth in licensing of Windows Vista, higher OEM revenues driven by growth in OEM license units and increased OEM premium mix reflecting strong demand for Windows Vista Home Premium. Net income also reflects improved operating margins


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