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)
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.
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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.