Propaganda Pays. Team Obama Gave GE -Parent Company of MSNBC- $24.9 Million in Stimulus Grants
Posted by Jim Hoft on Tuesday, October 12, 2010, 5:00 AM
Your tax dollars at work.
The Obama Administration gifted GE, the parent company of NBC, $24.9 million in Stimulus cash last year.
Don’t worry. You won’t have to pay for it… Your children will.
GE CEO Jeffrey Immelt (R) was a member of Obama’s Economic Recovery Advisory Board. GE was given $24.9 in Stimulus cash by the democrats and Barack Obama. (Zimbio)
CNS News reported, via Free Republic:
The Obama administration gave corporate giant General Electric—the parent company of NBC–$24.9 million in grants from the $787-billion economic “stimulus” law President Barack Obama signed in February 2009, according to records posted by the administration at Recovery.gov.
Despite getting $24.9 million from U.S. taxpayers, GE decreased its U.S.-based employees by 18,000 in 2009, according to the company’s 2009 annual report.
According to Standard & Poor’s, GE took in $156 billion in revenue in 2009.
GE was the primary recipient of 14 stimulus grants, a spokeswoman for Recovery.gov confirmed to CNSNews.com. These 14 grants provided GE with $24.9 million in tax dollars. On four additional stimulus grants, the primary recipient of the federal money hired GE as a contractor. Recovery.gov is the administration’s website that tracks stimulus expenditures.
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Published May 24, 2012 at 8:46 pm - 91 Comments
Granny commented:
GE is also one of the two companies who are being paid billions to develop that federal database all of our medical records will be entered into. Why GE, with little to no experience in database development rather than a company like Google I have NO clue. . . . perhaps this partly answers that.
Tom63010 commented:
Russ and Robin Carnahan’s brother Tom helped out by buying GE wind turbines. Tom Carnahan applied for a $90 million dollar Federal Tax Credit and received a $107 million dollar grant! I am so glad Missouri can boast of such wonderful “public servants”.
Roy Blunt apparently has plenty of cash and a double digit lead to fend off a US Senate challenge from Robin but Ed Martin sure could use some financial help.
Help Ed Martin defeat Russ Carnahan and end Democrat control of the Missouri 3rd District US House of Representative seat. This seat has been held by a Democrat since 1950! We have Russ Carnahan on the ropes and more funds to get the Conservative message out is needed. When the Republicans start draining The Swamp you want Ed Martin to be there! He did it in Missouri he will do it in Washington D.C.
https://edmartinforcongress.com/secure/donation/
billy sol commented:
Is Immelt must re related to the carnahans! if the GE board doesn’t show some courage and fire this guy they don’t deserve our patronage. We may as well buy Chinese made products as opposed to GE . . . . same thing! Fire Immelt!
Ratt commented:
Everyone here should copy and paste this article and be prepared to throw it in the face of the next Progressive Liberal who starts screaming about ‘evil corporations’ or ‘corporate welfare’.
Kenny Solomon commented:
Nothing to see here !
These are not the corrupt, Totalitarian-Statist, Marxist-Jihadists you are looking for.
Move along.
————–
Tipping point inching closer.
Para commented:
“The Obama Administration gifted GE…”
Gifted? The word is Gave, not gifted.
Gifted means talented or endowed with gifts.
TXBitty commented:
General Electric Pursues Pot of Government Stimulus Gold
http://online.wsj.com/article/SB125832961253649563.html
…Mr. Immelt’s push to corral federal money began even before Mr. Obama took office. In December, with the economy in a skid, Mr. Immelt was under fire from shareholders. Advisers to Ecomagination, the company’s green-technology-development initiative, gathered at GE’s boardroom in midtown Manhattan. Among other things, the group discussed how an Obama stimulus plan might shape the nation’s energy future.
…When the stimulus package was rolled out, Mr. Immelt instructed executives leading the company’s major business units “to put together swat teams to get stimulus money, and [identify] who to fire if they don’t get the money,” says a person who heard him issue the instructions.
…”I think we will do better than most on the stimulus,” Mr. Immelt told analysts in April. He declined to elaborate on the effort for this article.
Maurice commented:
Just saw CNBC, their business network, do a small hit piece on Mark Kirk. Kirk “exposed” as getting big donations from hedge funds/Wall St., but never said anything about the filthy money ties of his Democrap opponent Alexi Giannoulias. In fact, the last of the piece was Giannoulias talking about Kirk’s “dirty” connections to corporate money.
It was a total smear, Pravda propaganda, and that’s CNBC’s way, since they are another of Immelt’s bastard children.
Kirk is not a perfect candidate, but I hope he blows the crooked, lying Giannoulias out of the water. And for heaven’s sake, CNBC, have a bit of shame. I know, I know, you have zero. Why would you when you’ve been rewarded with hundreds of millions to be shameless bootlickers of the thieves in DC.
Reaganite Republican commented:
Of course, they know just what they’re doing… and completely hoodwinked the Bolshevik Boy Wonder.
THEN they dump the now-discredited MSNBC on Comcast and get out of the propaganda business… see why they didn’t care about the lousy ratings?
bg commented:
++
“to do what you want them to do.”
==
tarpon commented:
Well what did you think the PMSNBC corwd needs to keep their no-audience shows on the air.
Crony Obammunism … and it’s still epic fail — Proves Americans aren’t shoeless dumb Kenyans.
GrayRider commented:
Crony Capitalism in Obamaland!!!
Opus #6 commented:
There will be more of these little discoveries. This is precisely why we never got the “jobs” promised by the so-called stimulus. It was a huge political slush fund to pay back supporters. Funded by our grandkids.
bg commented:
++
tarpon @ 6:47 am #12
you want to talk clueless??
if you live in the US, you don’t have to go any
further than your own back yard so to speak..
as far as those shoeless dumb Kenyans go, they didn’t exactly “elect” Obama’s cousin Odinga, however, our own smartly shoed Americans “elected” Obama, go (fitb) figure..
==
bob commented:
And then there’s this!
China stakes claim to S. Texas oil, gas
By Monica Hatcher – Houston Chronicle
Web Posted: 10/12/2010 12:48 AM CDT
http://www.mysanantonio.com/business/local/China_stakes_claim_to_S_Texas_oil_gas_104753969.html
While Obama has banned oil drilling here, why can’t an American company drill in this area, listed above?
Why cannot it be American, and keep the profits in our own country?
There should be outrage and hell to pay for this!
Valerie commented:
…and nobody, not once, said “Conflict of Interest”???
GE has lawyers, and BO has an attorney general
jorgen commented:
Obama is apparently a very generous man and loyal to his friends.
aprilnovember811 commented:
GE is not getting my medical records. This is an outrage, that a private, well to do company would be getting money off of the backs of hard working people. I want to cry. Why is everyone letting Obama victimize the people of this country? Why are they letting this criminal get away with things that most people would be in prison for?
ditto commented:
That number is low..when it came down the media silenced it, it was 88 Billion, with a B, not an M in any way! Googled it and it is claimed to be 129 BILLION that GE got for their service on their knees with this clown..no way is it millions!
http://www.google.com/search?hl=en&q=GE+billion+bailout&aq=f&aqi=&aql=&oq=&gs_rfai=
Ginger commented:
April….. We need to take back control November 2nd…. January 1st
It is not over until the fat lady sings! “We the People” will continue to PUSH until all the evil ones are held accountable! NO LONGER WILL WE BE SILENT…
Just remember “good” conquers “evil”
Chippy commented:
http://m.digitaljournal.com/article/298759
I’ll be outside NY Slimes and NBC Saturday from 3-5pm with Brent Bozell.
I know what my sign is going to say.;-)
Little_johnny commented:
Anybody have factual information on how much of that $24.9MM was spent outside the US?
Carbon Monoxide commented:
A LOT of this money went to China to build the new GE plants there. More money went to the Chinese payrolls.
We are living in the book “Atlas Shrugged”.
don abernathy commented:
Hows that 13 dollar stimulus check, little lord Baracklaroy gave ya, work’n out for ya.
roflmao
Scott commented:
Last I checked GE was an 100 billion dollar a year mega-corporation…Why is our government stealing from taxpayers to give money to one of the world’s largest companies? Jim, I think GE Capital was a TARP recipient as well…CEO Jeff Immelt nearly bankrupted GE in the subprime markets so he had hat in hand for billions from taxpayers under the TARP program…
SandyfromChesterfield commented:
GE just closed its last light bulb production plant in the US. Congress banned the incandescent light bulb in 2007. The phase-out of incandescent light is to begin with the 100-watt bulb in 2012 and end in 2014 with the 40-watt. THE NEW GE BULBS WILL BE PRODUCED IN CHINA ALONG WITH THE WIND TURBINES. Who else could make them cheaper? But the progressives are not trying to destroy America.
mark commented:
It appears the leadership of GE is corrupt to the core. They lobby Congress to have conventional light bulbs phased out, plan to shut down their stateside plants making the bulbs, and produce the things in China. Hmmmm. Timothy Carney has written extensively about the connection between GE and the Obama white house. GE is positioned to make $$$$ off of the data base required by the “Healthcare bill,” as well as “Cap and Trade.” Goldman Sachs is also a key player, as well as others. Numerous Congress members have monetary interest in companies that stand to gain from their decisions. No conflict of interest there!
livelybrowsers commented:
Thanks for good stuff