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GE's Immelt: Stimulus Efforts To Build In 2H
Wall Street Journal ^ | July 17, 2009 | By Bob Sechler

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 ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bhostimulus; ge; immelt; obamanomics; porkulus; recession; socialism

                 Failures!

1 posted on 07/17/2009 7:08:08 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

I’m glad I sold my GE. I will never buy them again.


2 posted on 07/17/2009 7:11:02 AM PDT by domenad (In all things, in all ways, at all times, let honor guide me.)
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To: Oldeconomybuyer

IOW, the inept Immelt is relying on govt. to save his company...what a dush


3 posted on 07/17/2009 7:11:17 AM PDT by demsux
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To: Oldeconomybuyer

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.


4 posted on 07/17/2009 7:11:37 AM PDT by hometoroost (Torture? Would you rather do 5 years at Gitmo or 5 hours with the Muslims?)
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To: Oldeconomybuyer

Immelt pimping for Obama again.


5 posted on 07/17/2009 7:18:53 AM PDT by Obadiah (Obama: Chains you can believe in!)
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To: domenad

“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.


6 posted on 07/17/2009 7:20:51 AM PDT by Parley Baer
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To: domenad
We need a new fridge and stove.

They won't be GE.

7 posted on 07/17/2009 7:21:03 AM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: domenad

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.


8 posted on 07/17/2009 7:21:48 AM PDT by rep-always
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To: domenad

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.


9 posted on 07/17/2009 7:21:50 AM PDT by MAD-AS-HELL (Hope and Change. Rhetoric embraced by the Insane - Obama, The Chump in Charge)
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To: Oldeconomybuyer

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.


10 posted on 07/17/2009 7:24:19 AM PDT by Boiling Pots (Barack Obama: The final turd George W. Bush laid on America)
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To: Oldeconomybuyer

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?


11 posted on 07/17/2009 7:24:21 AM PDT by MarkeyD (OBAMA. Chains we can believe in!)
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To: Oldeconomybuyer
GE's Immelt: Stimulus Efforts To Build In 2H

Did I hear P.T. Barnum chuckling in the background???

12 posted on 07/17/2009 7:25:04 AM PDT by DustyMoment (FloriDUH - proud inventors of pregnant/hanging chads and judicide!!)
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To: Oldeconomybuyer

Audit: States Using Stimulus Just To Stay Afloat
http://www.freerepublic.com/focus/f-news/2288172/posts


13 posted on 07/17/2009 7:26:11 AM PDT by TSgt (Extreme vitriol and rancorous replies served daily. - Mike W USAF)
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To: Oldeconomybuyer

Hey. Quick. We gotta turn on CNBC and see and hear what neutral business observers have to say.


14 posted on 07/17/2009 7:26:32 AM PDT by Bertha Fanation
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To: Oldeconomybuyer

GE. Hmmmmmmmmmm . . . . .

Doesn’t that stand for Government Expansion?????


15 posted on 07/17/2009 7:26:48 AM PDT by DustyMoment (FloriDUH - proud inventors of pregnant/hanging chads and judicide!!)
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To: DustyMoment

Maybe Giant Ego... (it’s all about me, after all)


16 posted on 07/17/2009 7:30:49 AM PDT by gusopol3
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To: Oldeconomybuyer

http://www.ft.com/cms/s/0/0dd1318c-7248-11de-ba94-00144feabdc0.html


17 posted on 07/17/2009 7:31:03 AM PDT by FromLori (FromLori)
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To: Oldeconomybuyer

Government Electric. Bass turds.


18 posted on 07/17/2009 7:35:19 AM PDT by Sig Sauer P220 (Forget going Galt. Its time to go Braveheart.)
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To: domenad

Lean forward and say Ohhhh, Greg. You’ll figure out the next step.


19 posted on 07/17/2009 7:35:48 AM PDT by Eric in the Ozarks
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To: Oldeconomybuyer
GS - Government Sachs

GM - Government Motors

GE - Government Electric

I'm seeing a pattern here.
20 posted on 07/17/2009 7:36:54 AM PDT by Sig Sauer P220 (Forget going Galt. Its time to go Braveheart.)
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To: Oldeconomybuyer

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


21 posted on 07/17/2009 7:37:26 AM PDT by TiredofItalltoo (tiredofitalltoo)
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To: MarkeyD

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”


22 posted on 07/17/2009 7:40:09 AM PDT by TiredofItalltoo (tiredofitalltoo)
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To: Oldeconomybuyer
Immelt has willfully misrepresented his firm's financials, in direct and obvious violation of securities laws.

He pressures his media outlets to pimp the socialist agenda, while lining his pockets from the public treasury.

He is an odious, evil man.

23 posted on 07/17/2009 7:44:37 AM PDT by NativeNewYorker (Freepin' Jew Boy)
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To: domenad

Some of us are too far under water to sell, thanks to this dolt.


24 posted on 07/17/2009 7:58:05 AM PDT by Corporate Law (<>< - Xavier Basketball: Perennial Slayers of #1 Ranked Teams)
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To: Corporate Law

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.


25 posted on 07/17/2009 8:00:36 AM PDT by domenad (In all things, in all ways, at all times, let honor guide me.)
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To: domenad
Worse - try mid 30s. Fortunately, my exposure is minuscule.
26 posted on 07/17/2009 8:07:02 AM PDT by Corporate Law (<>< - Xavier Basketball: Perennial Slayers of #1 Ranked Teams)
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To: domenad
I wonder what percentage of the American voting public does not know that under the prevailing Nationalist-Socialist Party (Nazi) certain large corporations became the puppets for government domination. 80%? 90%?

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.

27 posted on 07/17/2009 8:27:24 AM PDT by jnsun (The LEFT: The need to manipulate others because of nothing productive to offer)
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To: domenad

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.


28 posted on 07/17/2009 11:17:25 AM PDT by Finatic ("you see kids were so much wiser after the wars")
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To: Oldeconomybuyer

Jeff Immelt is a bum. A total and complete bum.


29 posted on 07/17/2009 11:21:16 AM PDT by Antoninus (I hereby pledge not to allow media whores to pick the GOP candidate in 2012.)
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To: Antoninus
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.

30 posted on 07/18/2009 5:53:06 AM PDT by jnsun (The LEFT: The need to manipulate others because of nothing productive to offer)
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To: Oldeconomybuyer

I’m working at a GE startup and I have zero complaints. Our GE management is pretty impressive. Total capitalists.


31 posted on 07/18/2009 5:56:59 AM PDT by Glenn (Free Venezuela!)
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To: NativeNewYorker

32 posted on 07/21/2009 2:50:03 AM PDT by Vidocq
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