Skip to comments.GE's Immelt: Stimulus Efforts To Build In 2H
Posted on 07/17/2009 7:08:08 AM PDT by Oldeconomybuyer
General Electric Co. (GE) Chief Executive Jeff Immelt said Friday that government stimulus programs were "non-factors" during the first half of 2009, but remains optimistic that they will start gaining traction.
Immelt reiterated that GE is well positioned to target up to about $200 billion in revenue from global stimulus efforts, notably in the clean energy, health care and transportation sectors.
(Excerpt) Read more at online.wsj.com ...
I’m glad I sold my GE. I will never buy them again.
IOW, the inept Immelt is relying on govt. to save his company...what a dush
The stimulus is somewhat like going to the see the doctor for virus-based cold. You can wait seven days and get better or you can spend a bunch of money and get better in a week. Taking antibiotics you don’t need has long-term adverse consequences plus you could pick up something in the waiting room you didn’t have before.
Immelt pimping for Obama again.
“GE is well positioned to target up to about $200 billion in revenue from global stimulus”
Immelt is definitely a government butt-boy. Like above I will stay clear of any GE investments.
They won't be GE.
I am in the process of buying all new appliances for my retirement home. I went to the store and told them I would look at everything but GE. And not to show me anything that had another name but was made by GE.
well, no duh that GE will profit from the stimulus. The real question isn’t about his company but how it will affect the entire economy and if it will create meaningful jobs. Odds are it won’t do much to aid the economy but just line the pockets of select companies that pose to benefit from it.
GE = Another huge corporation dependent on Government largesse and liberal policies.
Yet the libbies keep on repeating the “Corporations are part of the Republican Party” lie.
Anyone else notice that once GE started advertising on Fox, Glenn Beck and Bill O’Reilly have greatly reduced their attacks on Immelt and GE?
Did I hear P.T. Barnum chuckling in the background???
Audit: States Using Stimulus Just To Stay Afloat
Hey. Quick. We gotta turn on CNBC and see and hear what neutral business observers have to say.
GE. Hmmmmmmmmmm . . . . .
Doesn’t that stand for Government Expansion?????
Maybe Giant Ego... (it’s all about me, after all)
Government Electric. Bass turds.
Lean forward and say Ohhhh, Greg. You’ll figure out the next step.
I was just doing some quick “follow the money” research on the new commercial playing to push obamacare. the part about the SEIU I understand, but the Business Roundtable, I find it hard to believe that all the members on their list are supporting Obamacare. http://healthyeconomynow.org/about.html
I haven’t been watching daily, as I used to, trying to save myself from falling into unrecoverable depression. But last I heard BOR talking, he said they were doing investigation of GE/Immelt manipulation of the media and how they got BHO elected and are now being rewarded for it. I thought they had some pretty blatant evidence. Should be out there already!?!?! But maybe he’s tired of fighting with the IRS - like last night on Hannity, the guest told him, “you’re really looking to get audited aren’t you?” Hannity replied, “Oh, it’s a given”
He pressures his media outlets to pimp the socialist agenda, while lining his pockets from the public treasury.
He is an odious, evil man.
Some of us are too far under water to sell, thanks to this dolt.
I’m assuming you bought back when they had a 8-9% dividend and were trading in the $15+ before Immelt took it all the way down to $6.23.
Academically it's called fascism, but that is a long time poli-sci spin on what Leftism really is: abolition through government extortion of personal responsibility for one's own fate (called freedom, or human dignity).
Like Toynbee says, through their own ignorance every generation rewrites its own destiny.
I am so glad I divested of my former employer, General Electric back when I felt the stock was languishing at $35, makes me look like a financial genius.
Mt wife works in the financial markets and they just had a session with a major player in the stock market who is shouting from the rooftops to buy GE now because “they aren’t a $8 per share company”
Probably a good idea but we both decided as former GE employees not to invest in them at all.
Jeff Immelt is a bum. A total and complete bum.
Having a few shares of GE I keep up with it in general. My assessment is exactly the same, and that is a succinct way to put it.
It is truly revealing that someone like that can become the CEO of one of the world's biggest companies. Shades of Vonnegut. It is a clear message that, like a few others on FR have indicated, the corporations can fall like dominoes in the onslaught of centralized Leftism.
It is also worth looking at the Board of Directors, clearly a cabal of political partisans. Sam Nunn was a relatively smart Senator (emphasis: relatively), but I would never give a dime for his sense of judgement or sense of values.
I’m working at a GE startup and I have zero complaints. Our GE management is pretty impressive. Total capitalists.