Posted on 01/21/2011 1:18:28 PM PST by Frantzie
This is from Phil's Stock World which is a very good blog:
"Our friends at GE/CNBC can’t sell our country out fast enough as they finalize plans for a 50-50 joint venture with a Chinese military-jet maker to produce avionics, the electronic brains of aircraft. The deal with Aviation Industry Corp. of China would give GE access to a Chinese government project aimed at challenging Boeing Co. and Airbus in the civilian-aircraft market."
"This is 100 years of US R&D into aviation research that helped build one of the World’s greatest companies (BA) and now we are handing over, not just our jobs, but our hard-fought technology over to the Chinese because GE thinks it can squeeze a few more dollars of profit over there."
(Excerpt) Read more at philstockworld.com ...
The peasants get screwed again by GE/NBC/CNBC/MSNBC, Immelt and Hussein.
As Rush addressed today, GE made big bucks off of TARP and the bank bailout, even though, they’re not a bank. GE Capital had affiliations with a couple small regional banks in Utah and the “regulators” rewrote the rules to allow GE to participate in the bailout, WITHOUT ANY OF THE RESTRICTIONS PLACED ON ALL OF THE OTHER BANKS!
Oh, and the MILLIONS GE gave to elect Obama.....it’s now been repaid.
GE will continue to assist in the sell-out of America.
The other thing no one mentions is GE’s debt was going to be downrated. Their scam is they borrow a lot of short-term paper in the commercial paper market. Once it would get downrated then the cost to isnure it with CDS or crfedit default swaps would skyrocket. GE would have gone broke in a week.
Obama and the Treasury backstopped all of GE’s debt. This was kept hus hush. GE is a slime company.
~ those that love Country music (their line dance all over America ad), and
~ the Right (their elephant ad)...
IT IS BLATANTLY OBVIOUS WHAT THEY ARE TRYING TO DO!
...ARRRgggh!
No wonder Obama can do no wrong with the media - he pays them off with our money.
That’s the way of globalist slavery, Obama and all of the rest of the politicians authorized and fronted by bandwagons of their favored, wealthy, bipartisan constituents—all government dependents of one kind or another, only pretending to do something useful. They lie while calling honest Americans, real men and women, “liar!”
Our day is about to come. The Malthusian beast will repudiate the debt after its weakened enough, and we’ll see who the real survivors will be. Hint: they won’t be adherents of foreign philosophies, and real engineers are not amenable to effeminate, anarchist fronts for fascism or communism.
Read the article at the link, GE is teaching them everything they need to know. All for the ‘privelege’ of lobbying for business in China (along with such notables as Sandy Berger). Sleazeballs, all of them.
I’ve boycotted GE for years (and I used to work for the before the division I worked for got sold off) I sold all my stock when Jack Welch retired. This latest czar appointment seals it for me. 2012cannot come soon enough.
The real reason may be the GE board. Who are the main members by stock share. Are they by any chance, either foreigners or USAians, who financied by a portion of the scores of hundred billion dollars in USA wealth transferred overseas in the past decades?
I hope you are correct. I sort of see a model like the USSR implosion where the natural resource wealth was grabbed by ex-intellingence and military for a bunch of oligarchs.
Paging Daryll Issa......
FU Immelt ! I hate these stupid executives who keep selling out. Their own ****en greed will be this country’s downfall !
Thanks for the link
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