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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
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                 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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