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Former CNBC Reporter: GE CEO Immelt Meddled in Network's Editorial Coverage
Newsbusters ^ | September 13, 2010 | Jeff Poor

Posted on 09/14/2010 1:47:36 PM PDT by Rufus2007

This could confirm what many suspected all along - the corporate heads at General Electric (NYSE:GE) would try to use their media holdings to portray President Barack Obama and his administration in a positive light in order to gain a corporate advantage.

That's how former CNBC reporter and current Fox Business Network senior correspondent Charlie Gasparino explains it in his forthcoming book, "Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street."

According to Gasparino, GE CEO Jeffrey Immelt had "helped his company feast off of the subsidies of Obamanomics," including the green energy initiatives and health care reform. And although Immelt is a registered Republican, Gasparino detailed how Immelt would walk around his company's headquarters saying "we're all Democrats" now at the prospect of government checks going to GE. But later, Gasparino explained how Immelt would use his authority to manipulate the editorial coverage of on Obama for that reason:

...more...

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: 2008electionbias; bho44; bigmedia; boycottge; cnbc; corporatesocialism; cultureofcorruption; democratscandals; dnctalkingpoints; enemedia; generalelectric; journolist; journolistgate; mediabias; mediagate; obamascandals; obamunism; pravdamedia; staterunmedia; yellowjournalism
Shocking! OK, not really.
1 posted on 09/14/2010 1:47:38 PM PDT by Rufus2007
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To: Rufus2007

Say it ain’t so!


2 posted on 09/14/2010 1:48:31 PM PDT by txrangerette ("...hold to the truth; speak without fear". - Glenn Beck)
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To: Rufus2007

Break up GE.


3 posted on 09/14/2010 1:50:07 PM PDT by DManA
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To: Rufus2007

Good find. I hope this shows up on Fox.


4 posted on 09/14/2010 1:52:01 PM PDT by Anti-Bubba182
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To: Rufus2007

This is why I long ago divested of GE stock. And will not buy a GE product until Immelt is shown the door, if ever.


5 posted on 09/14/2010 1:52:22 PM PDT by SueRae (I can see November from my HOUSE!)
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To: Rufus2007

Thank you Charlie!


6 posted on 09/14/2010 1:53:02 PM PDT by moovova
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To: Rufus2007

“the corporate heads at General Electric (NYSE:GE) would try to use their media holdings to portray President Barack Obama and his administration in a positive light in order to gain a corporate advantage.”

Good thing Steve Lice Man stayed above the fray.


7 posted on 09/14/2010 1:53:49 PM PDT by Bertha Fanation
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To: Rufus2007

I find Charlie Gasparino to be a straight shooter. Good job, Charlie.


8 posted on 09/14/2010 1:54:57 PM PDT by griswold3 ('Regulation and law without enforcement is no law at all)
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To: Rufus2007

That explains why my letter to as many GE board members as I could gather addresses for turned a deaf ear.

Below please find a copy of my April email to Jeffery Immelt. I sent it to you in hopes that you also share my concerns for GE. There is a significant consumer, investor backlash building and it could impact GE for many years to come.
Regards,
Dick Bachert

TO: Jeffrey Immelt

April 21, 2009

My Dear Mr. Immelt,

My late father worked for GE for many years in the Apparatus Service Division out of Cleveland, Ohio (specialized in marine work) and was always proud of his relationship with a grand old American enterprise. You were growing up down there in Cinci at the time and, one could assume, were inculcated with those same traditional values my father developed growing up in Coshocton, Ohio.

My wife and I are long-time GE shareholders and have remained thus through the current tumultuous period.

But we have become concerned, indeed ALARMED, at recent events at GE, the most telling of which is your evident embrace of a man who is clearly hell bent on dragging America into some sort of fascist or socialist nightmare. And make no mistake — that is PRECISELY where he is headed.

My wife and I have both signed the “We Surround You” letter at the Free Enterpriser web site so I shant belabor the points already made therein.

I served in the USAF for four years between ‘62 and ‘66. One day in May of ‘62, I raised my hand and swore an oath to God to “...defend the Constitution of the United States.”

To the best of my knowledge, that oath had no expiration date and is still active.

I would respectfully ask you to reconsider your recent activities vis-a-vis what many out here in fly-over country consider to be aiding and abetting an enemy of that Constitution and the IDEA of America envisioned by the Founding Fathers.

If you do nothing else, pray about that and think about what your continued course of action portends for your kids, your grandkids and, more importantly to me, mine.

Dick Bachert

Since I sent this email — to which I received a polite and completely useless computer generated reply — things have only gotten worse as Obama has hoisted the flag of state/corporate socialism even higher up the pole. And the public outrage now bubbling over the top will, I fear, cost GE far more than Jeffery Immelt can know. I pray that America — THE IDEA — will somehow survive Obama. And I pray that an old and venerable firm like GE will somehow survive what I consider to be potentially death-dealing decisions by Jeff Immelt to throw in with the worst occupant of the White House in my 70 years.

Short video on what’s REALLY at stake here:
NOWHERE TO HIDE!

http://www.youtube.com/watch?v=dqw7kXG0kxU


9 posted on 09/14/2010 1:56:02 PM PDT by Dick Bachert
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To: Bertha Fanation
lol.

However, Gasparino went on to say that Immelt regretted this pro-Obama stance by mid-2010

Seems to be a lot of that going around

10 posted on 09/14/2010 1:57:26 PM PDT by fml
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To: Rufus2007

No kidding?!

This will have the media and political world up in arms!/s


11 posted on 09/14/2010 1:59:09 PM PDT by roses of sharon (I can do all things through Him who strengthens me. Philippians 4:13)
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To: Anti-Bubba182

Yes. Fox is completely free of Murdoch’s influence.


12 posted on 09/14/2010 2:02:27 PM PDT by worst-case scenario (Striving to reach the light)
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To: Rufus2007
I'm thinking of a word, it rhymes with flocked...


13 posted on 09/14/2010 2:05:09 PM PDT by GalaxieFiveHundred
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To: Rufus2007
GE's Bravo reality cooking show has had access to the whitehouse, CIA and NASA. Obama has no respect for the office. Very sickening.
14 posted on 09/14/2010 2:06:45 PM PDT by opentalk
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To: Rufus2007

If you are a big global industrial giant, what better possible platform could you have to further the interests of your company than to buy a whole network?

The deal should have been blocked on the face of it.

But, because they are Dems, I’m sure they will get away with it. They always do.


15 posted on 09/14/2010 2:06:50 PM PDT by 240B (he is doing everything he said he wouldn't and not doing what he said he would)
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To: Rufus2007

Immelt is very very close to Prince Al Waleed - the Saudi King’s nephew. The Saudis bought the white hut and America and expect O to Islamified America faster. Keep watching TV sheep because it helps support Sharia.

Gasparino is a straight shooter.


16 posted on 09/14/2010 2:07:48 PM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: griswold3

The really good business news reporters are: Gasparino, Steve Santelli (father of the Tea Party) and Stuart Varney who is a big conservative.

I think Steve is the only one still on corrupt TV. ALL of TV in America is corrupt with Saudi money and deals.


17 posted on 09/14/2010 2:10:23 PM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: Rufus2007

I’ll say it again — they made a big announcement that every NBC show would make some mention of green energy or public service or whatever during some “Green Week”, so we knew it was coming.

Seeing it come to pass via just four or five lines of script dropped more or less randomly into “The Office” was one of the most chilling things I have ever seen on TV, because I knew that the vast majority of the viewers had no idea that those lines of propaganda were coming more or less directly from The State.


18 posted on 09/14/2010 2:12:16 PM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: Frantzie

Rick Santelli


19 posted on 09/14/2010 2:13:24 PM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: Dick Bachert

GE is a s**t corrupt company that has multi-billion deals with the Saudis and Islamic world.

Immelt is VERY close with Prince Al Waleed who owns 7% of Fox News/News Corp. The Saudis and Islam have shareholdings and multibillion joint ventures and deals with ALL the TV networks. This is why Bloomberg sold out NYC.

You think these companies care about America? LOL! GE wants China and the Islamic world’s business. If you have to go into a prinson camp so they can hit their quarterly numbers? So be it. I support capitalism but China and Saudi Arabia demand things from these deals.

The Saudis want Islam shown in a more favorable light and Saudi money git the islamo-marxist aka their agen in the white hut.


20 posted on 09/14/2010 2:16:01 PM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: Rufus2007

It’s just business. It was a good bet. Immelt should be rewarded for his risk taking, and the ultimate payoff.

Immelt helped his company, that’s his job, right? Nothing else matters.


21 posted on 09/14/2010 2:16:15 PM PDT by brownsfan (D - swift death of the republic, R - lingering death for the republic.)
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To: worst-case scenario

Are you trying to make a point?


22 posted on 09/14/2010 2:23:28 PM PDT by Anti-Bubba182
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To: Rufus2007

bump


23 posted on 09/14/2010 2:29:18 PM PDT by WashingtonSource
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To: LucyT

ping


24 posted on 09/14/2010 2:33:10 PM PDT by Fractal Trader
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To: Frantzie

That’s ‘Rick’ Santelli on CNBC.


25 posted on 09/14/2010 2:36:36 PM PDT by griswold3 ('Regulation and law without enforcement is no law at all)
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To: Rufus2007

Jeffrey Immelt is by far the worst CEO in the country. GE share prices and earnings have gone nowhere since he took the helm years ago. He has reduced a once great innovative private enterprise company to a a company whose existence depends on the largesse of government subsidized projects.I blame the Board of Directors for not canning this incompetent years ago. The shareholders should vote out the entire board for allowing this clown to hang on.


26 posted on 09/14/2010 2:38:41 PM PDT by chuckee
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To: Rufus2007

I began boycotting GE years ago... they are thoroughly corrupt


27 posted on 09/14/2010 2:44:25 PM PDT by bareford101 (Be loud! We have nothing – NOTHING - to apologize for in fighting for our Country!!)
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To: Fractal Trader; Fred Nerks; null and void; stockpirate; george76; PhilDragoo; Candor7; rxsid; ...
Image and video hosting by TinyPic

Former CNBC Reporter: GE CEO Immelt Meddled in Network's Editorial Coverage

This could confirm what many suspected all along - the corporate heads at General Electric (NYSE:GE) would try to use their media holdings to portray President Barack Obama and his administration in a positive light in order to gain a corporate advantage.

28 posted on 09/14/2010 3:01:32 PM PDT by LucyT
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To: Dick Bachert

The GE board of directors could remove Jeff tomorrow if they wanted to. Problem is, they kinda like the boy...


29 posted on 09/14/2010 3:09:37 PM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: brownsfan
Immelt helped his company, that’s his job, right? Nothing else matters.

Well... the stock price matters and its been in the toilette under JI...

30 posted on 09/14/2010 3:11:05 PM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: April Lexington

“Well... the stock price matters and its been in the toilette under JI...”

Who’s stock price hasn’t? Bad market, but JI has been positioning his company for rewards.

Companies only exist for one reason, make money. Right?


31 posted on 09/14/2010 3:16:35 PM PDT by brownsfan (D - swift death of the republic, R - lingering death for the republic.)
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To: brownsfan

JI is one problematic CEO. He has never made big money for the company and should be shown the door. Any “dancing with the devil will only burn his...”


32 posted on 09/14/2010 3:17:58 PM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: brownsfan
Who’s stock price hasn’t? Bad market,

Read the 10Qs... not much to show for all that fancy lip work...if ya know what I mean...

33 posted on 09/14/2010 3:18:55 PM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: Frantzie
Don't forget our girl Michelle Caruso-Cabrera:


34 posted on 09/14/2010 3:21:42 PM PDT by nascarnation
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To: LucyT

Immelt, et al and the Obomenation, ‘All your news are belong to us. Make your time.’


35 posted on 09/14/2010 3:27:07 PM PDT by MHGinTN (Noids, believing they cannot be deceived; nye impossible to convince them when they're deceived.)
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To: LucyT

Immelt, et al and the Obomenation, ‘All your news are belong to us. Make your time.’


36 posted on 09/14/2010 3:28:17 PM PDT by MHGinTN (Noids, believing they cannot be deceived; nye impossible to convince them when they're deceived.)
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To: Rufus2007

Hugh and series. Another article posted to my FB page. I always get slammed for these, and I love it. LOL. But some people who read these types of articles there are waking up. Since they would never visit a conservative website, and never hear these things in their Liberal newspapers or on the Liberal networks, they see them on my FB page. Maybe soon I can sway some to come over to FreeRepublic and see what truths they can find here, too.


37 posted on 09/14/2010 3:28:38 PM PDT by CitizenM (If we ever forget that we're one nation under GOD, then we will be a nation gone under.-Ronald Re)
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To: SueRae
"And will not buy a GE product......

I wish I hadn't. GE appliances are nothing but a piece of junk. Especially their refrigerators.

38 posted on 09/14/2010 3:44:00 PM PDT by Spunky (You are free to make choices, but not free from the consequences)
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To: griswold3

Charlie has always been one of the players in this. He is well known for dropping his “Rumors”, and causing the market to spike upwards during a bad trading day. Then the rumor would often not pan out, but he would be right back a week or so later with the same rumor, and do it again. They call him GasBag on some of the forums.

As for him exposing what was already obvious. I will give him credit for that.


39 posted on 09/14/2010 4:37:56 PM PDT by Revel
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To: Rufus2007

I’m not surprised. Immelt and Obama are fellow Ivy Leaguers.


40 posted on 09/14/2010 4:43:59 PM PDT by Moonman62 (Half of all Americans are above average.)
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To: Rufus2007

GE will be a penny stock after the 2012 elections.


41 posted on 09/14/2010 5:06:16 PM PDT by sergeantdave
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To: Rufus2007
I own a few shares of ExxonMobil (XOM), a company with a huge daily volume of stock trades, and I'm continually frustrated when watching the “tape crawl” of stock prices because CNBC rarely posts the XOM stock price, or seems to anyway. Am I the only one to notice this?

Could it be that NBC is charging companies to list their stock prices .... or worse, giving limited visibility to shares in companies that the Obama administration is unfriendly to?

42 posted on 09/14/2010 5:12:34 PM PDT by Mobties (Let the markets work! Reduce the government footprint!)
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To: Rufus2007
do I really have to say it???

43 posted on 09/14/2010 5:44:23 PM PDT by Chode (American Hedonist *DTOM* -ww- NO Pity for the LAZY)
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To: Rufus2007

Why am I not surprised.


44 posted on 09/14/2010 6:33:57 PM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: Rufus2007
"Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street."

The big money Democrats see all the money made on stock exchanges on Wall Street and have decided to similarly cash in using Obama to create their own big money Climate exchange and Health Care exchange.

These big money Democrats plan to make huge money using the power of government to force Americans to buy products at these new exchanges. They will get a little commission on every dollar that rolls through those exchanges. Those plans are currently driving national politics.

45 posted on 09/14/2010 6:56:04 PM PDT by RJL
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; ...
...the corporate heads at General Electric (NYSE:GE) would try to use their media holdings to portray President Barack Obama and his administration in a positive light in order to gain a corporate advantage. That's how former CNBC reporter and current Fox Business Network senior correspondent Charlie Gasparino explains it in his forthcoming book, "Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street."
Thanks Rufus2007. Charlie Gasparino
Google

46 posted on 09/14/2010 7:49:13 PM PDT by SunkenCiv (Democratic Underground... matters are worse, as their latest fund drive has come up short...)
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To: Anti-Bubba182

Yes. This happens on both sides.


47 posted on 09/14/2010 8:02:31 PM PDT by worst-case scenario (Striving to reach the light)
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To: Rufus2007

BTTT.


48 posted on 09/20/2010 9:40:21 AM PDT by mewzilla (Still voteless in NY-29. Over 400 roll call votes missed and counting...)
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To: mewzilla

BTTT.


49 posted on 01/22/2011 6:39:41 AM PST by mewzilla (Hey, Schumer, your Lockerbie report left quite a bit out.)
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