Obama.. brought to you by GE
GE and the Obama administration go hand in hand, just as Bush and Haliburton did. All of the big new legislative measures .. brought to you by GE.
How a Loophole Benefits GE in Bank Rescue
Industrial Giant Becomes Top Recipient in Debt-Guarantee Program
GE, the world’s largest industrial company, has quietly become the biggest beneficiary of one of the government’s key rescue programs for banks. GE Capital, the company’s massive financing arm, has issued nearly a quarter of the $340 billion in debt backed by the TLGP program.
Obama’s Climate Exchange Is A Gift To GE by Joe Weisenthal at Business Insider
GE needs all the help it can get right now, with its stock hurtling closer towards $0 on a daily basis. The company obviously stands to benefit from infrastructure buildout, and from capturing its share of green (energy) dollars. The more wind-turbines we erect, the better for GE. But there’s a nexus between its green ambitions and its finance unit in the form of a new venture called Greenhouse Gas Services, which will facilitate the trade of carbon tax credits.
GE: Obama’s corporate sponsor by twine.com
For all of the carping liberals did for eight years about corporate cronyism in George W. Bush’s White House, they seem to turn a blind eye to the same behavior in President Obama’s. With plans in place for a major overhaul in the health-care industry, General Electric is positioning itself to become a major beneficiary of these health care reforms. Recently at the Business and Social Responsibility Conference, General Electric Chief Executive Officer Jeff Immelt referred to America’s current economic crisis as part of a “reset” rather than part of an economic cycle, saying, “People who understand that will prosper in the future, and people who don’t understand that will get left behind.”
Make a Comment