Immelt...
In that order?
This guy isn't going to help. He's a beard. He allows Obama to pretend to be something he isn't (pro-business) but the fascism will roll on, and GE and Obama will both benefit, while the country suffers.
Anyone think Pratt and Whitney is going to sell a lot more jet engines for military planes?
How can such a blunderer as Immelt be truly business-savvy?
No mention of the huge payoff to GE by Obama using the TARP bailout money despite the fact the money was meant for banks. GE “somehow” managed to convince the administration it was a bank. GEe, wonder how that happened. Not only did GE get more TARP money than any other business but they were exempted from the regulations that went along with accepting the TARP funds. And now Immelt is head of the Obama “jobs” council. Too cozy by far. Congress needs to investigate.
Obama and his cohorts of corrupt, inept, kleptocrats will force us to use scientific notation on our patented “Sleaze-O-Meter” in order to adequately represent the amount of slimy, stinky, Obama-stuff that’s being piled up.
This “man”, and those around him, are trash.
And GE can shove the whole pile up their smelly Obama, too.
Including Bentleys for the directors and principal officers who had the foresight to turn a leading manufacturing company into a leading fiancial scam services company just in time for the downturn, where their political connectedness to the paragons of global climate change enabled the to survive on federal reserve funded bailouts by buying their worthless paper as AAA rated paper.
Immelt is a registered Republican who contributed to both Hillary Clinton and John McCain during the 2008 campaign. And last year, he harshly criticized Obama at a dinner in Italy, where he basically said: Obama doesn’t like business, and business doesn’t like Obama.
In an op-ed for the Washington Post, Immelt set out his agenda for continued economic recovery. He would focus on manufacturing and exports, free trade, and innovation. So where’s the corporate tax cut? Well, Immelt offered one short line about “a sound and competitive tax system . . .
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Many business people wanted senior executives in the White House, and now they have two -- with GE’s Immelt joining William Daley, the former banker and new chief of staff.
NOT SO FAST Obama's tapping Chicago Bill Daley for WH COS was part of Ohaha's "No-Chicago-Sleazeballs-Left Behind initiative" (to paraphrase Malkin). The first Obama admin----Jarrett, Axelrod, Gibbs, Rahm Emanuel---was top-heavy with people having a personal history with Obama, direct access, and a strong, political bent.
Bill "Let's Count the Ballots Again in this Locked Room" Daley is the new Ohaha COS ......... Daley headed the Chicago Branch of The Daley Family Vote Mfg Division. The Daley family motto is "When We Fix Elections, They Stay Fixed."
NOTE During the 2008 Democratic presidential primaries, Daley was a prominent supporter of Barack Obama. On November 5, 2008, Daley was named to the advisory board of the Obama-Biden Transition Project.
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MORE DALEY TIDBITS: Bill Daley (brother of Chi/Mayor Richard Daley), is former Commerce Secy under Clinton and long-time executive at Wall Street’s JP Morgan Chase.
REFERENCE Lehman's Bankruptcy Estate Sues J.P. Morgan
WSJ | 5/26/2010 | BY MIKE SPECTOR And SUSANNE CRAIG
FR Posted May 26, 2010 by markomalley
Lehman's Bankruptcy Estate Sues JP Morgan Chase & Co., alleging that JP Morgan illegally siphoned billions of dollars from Lehman in the days before the investment bank filed the largest bankruptcy in US history.
The lawsuit, filed Wednesday in US Bankruptcy Court, New York, alleges that JP Morgan Chief Executive James Dimon and other top executives used inside knowledge to take advantage of Lehman as its financial state worsened.
JP Morgan coerced Lehman to turn over $8.6 billion in collateral in Sept 2008, triggering a liquidity squeeze that contributed to Lehman's collapse, the suit said. The estate is hoping to recoup billions in collateral the bank demanded, and other damages. (Excerpt) Read more at online.wsj.com ...
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Daley became associated with Amalgamated Bank of Chicago, where he was first vice chairman (1989–1990) and then president and chief operating officer (1990-1993). Daley returned to the practice of law, as a partner with the firm Mayer Brown (then Mayer, Brown & Platt) from 1993 to 1997, where he served on the board of Fannie Mae.
In December 2001, he was appointed President of SBC Communications Inc. to help reform the company's image.
In May 2004, Daley was made Midwest Chairman of J.P. Morgan Chase and Bank One Corp. to oversee post-merger operations from Chicago. (See JB Morgan billion dollar looting reference above--circa 2008.)
Daley currently serves on the Boards of Directors of Boeing, Merck & Co., Boston Properties, Inc., and Loyola University Chicago. He is also a trustee of Northwestern University and sits on the Council on Foreign Relations.
In 1993, he served as special counsel to the President on issues relating to the passage of the North American Free Trade Agreement (NAFTA). In 1997, Daley became Secretary of Commerce in the second administration of President Bill Clinton, and he remained at that post until July 2000, when he resigned to campaign for the Vice President.
After he resigned as Commerce Secretary he became chairman of Vice President Al Gore's presidential campaign. He was portrayed in the HBO film Recount, about the Florida election recount of the 2000 presidential election, by actor Mitch Pileggi.
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NOTO BENE Daley currently serves on the Boards of Directors of Boeing. Boeing's Corporate HQ moved to Chi-town in Sept of 2001. Boeing was "offered multi-million dollar tax breaks" b/c other cities were wooing Boeing.
So guess what Chicago Mayor facilitated the Boeing FREEBIES - which shifted a huge tax burden to Homeowners for decades to come?
Yup----it was Richard M. Daley, Bill's brother. And then Bill Daley gets picked to be on Boeing's Board of Directors. Watta coincidence.
Immelt...
GE is heavily invested in Global Warming and solar. Bringing in a new captain for the Titanic.
Pray for America
So's Donald Trump (supposedly). I'm afraid that doesn't mean much anymore.
does anyone else see conflicts of interest with this relationship and the big deals GE has been led to by the government of late - with China, green energy, etc?
Imelt = Fascism!
There is something that I don’t understand about Obama and GE. I thought that GE got $18 billion from the stimulus for green energy initiatives, and used a good sized chunk of that to build light bulb factories in China. Did GE also get TARP money, or was it TARP money, not stimulus money?
I’m confused. Thanks.