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Ronald Reagan's Son Remembers The Day When GE Fired His Dad
IBD Editorials ^ | February 4, 2011 | MICHAEL REAGAN

Posted on 02/04/2011 5:22:47 PM PST by Kaslin

If liberals had supported Ronald Reagan the actor, they wouldn't have had to deal with Ronald Reagan the politician.

In 1954, my father Ronald Reagan began hosting a weekly TV series, "General Electric Theater." The show aired Sunday nights at 9 on CBS, and consistently ranked in the top 10. Dad hosted the show and appeared as an actor in a number of episodes. Nancy made sure we watched it every week.

Under my father's contract with General Electric, he toured the country by train and visited GE factories, local chambers of commerce and civic groups. The thousands of speeches he gave helped prepare him for bigger things to come.

The GE of Ronald Reagan's day bears little resemblance to GE today. Headed by CEO Jeffrey Immelt, today's General Electric has been roundly condemned for its past business dealings with Iran (which GE says ended in 2008). GE's critics range from liberal Sen. Frank Lautenberg of New Jersey to Fox News host Bill O'Reilly.

Isn't it against the law for American companies to do business with Iran and other nations that sponsor terrorism? Yes — but a legal loophole permits foreign divisions of multinational companies to get away with it.

As Christopher Holton of the Center for Security Policy said on "The O'Reilly Factor" Jan. 11, 2008:

(Excerpt) Read more at investors.com ...


TOPICS: Editorial
KEYWORDS: generalelectic; getheater; michaelreagan; reagan
I have been boycotting GE since it was revealed that General Electric does business with Iran and I refuse to purchase anything from GE
1 posted on 02/04/2011 5:22:49 PM PST by Kaslin
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To: Kaslin

“Once, around 1960 or ‘61, Dad gave me a Christmas present of 90 shares of General Electric stock, worth around $70 a share. What is GE stock trading for these days? Around $20! Why isn’t Immelt on unemployment?”

However, if adjusted for splits, each share was trading for .17 in today’s terms. If Reagan still had the stock, instead of 90 shares he would have about 9000.


2 posted on 02/04/2011 5:28:55 PM PST by proxy_user
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To: proxy_user

He would spend it all on ballerina shoes


3 posted on 02/04/2011 5:30:43 PM PST by al baby (Hi Mom!!! <sarc>)
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To: al baby

Wrong son....read it!


4 posted on 02/04/2011 5:31:56 PM PST by lonestar
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To: Kaslin
While a little overstated, an old joke in Nuclear power is that “the only thing the GE makes that doesn't suck is a vacuum cleaner”. Your right about GE dealings with Iran, it's a disgrace.
5 posted on 02/04/2011 5:33:29 PM PST by WHBates
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To: proxy_user

True, but if he’d bought when Bush became President, he’d have less.


6 posted on 02/04/2011 5:35:04 PM PST by Brilliant
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To: Kaslin

I applauded your personal boycotting of GE products. Unfortunately GE components are so prolific that it is almost imposable to buy anything that runs on electricity or gasoline that doesn’t have GE parts.


7 posted on 02/04/2011 5:36:22 PM PST by doc1019 (Martyrdom is a great thing, until it is your turn.)
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To: Kaslin

Mike has a point, and it’s heartwarming that Bobbie Kennedy found that Karma is a bitch.


8 posted on 02/04/2011 5:38:53 PM PST by Navy Patriot (Sarah and the Conservatives will rock your world.)
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To: lonestar

oops sorry i have been seeing so much of that fruit cup on tv lately i just assumed


9 posted on 02/04/2011 5:40:36 PM PST by al baby (Hi Mom!!! <sarc>)
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To: al baby

Nice try...


10 posted on 02/04/2011 5:41:21 PM PST by e_castillo (Drill here drill now...)
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To: Kaslin

“If Bobby Kennedy had let Ronald Reagan continue hosting his successful TV show, would my father have run for governor? Doubtful. And if he had not been elected governor, he certainly would not have run for president of the United States.”

I’d consider this Bobby Kennedy’s greatest legacy - one liberals can barely contemplate.


11 posted on 02/04/2011 5:43:07 PM PST by re_tail20
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To: e_castillo

see post 9


12 posted on 02/04/2011 5:44:57 PM PST by al baby (Hi Mom!!! <sarc>)
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To: al baby

Heh! Thats better.


13 posted on 02/04/2011 5:46:32 PM PST by e_castillo (Drill here drill now...)
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To: al baby

I thought the same thing...until I read it. If you haven’t already, read it...it’s interesting.


14 posted on 02/04/2011 5:50:36 PM PST by lonestar
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To: Kaslin

Michael Reagan...The real son.


15 posted on 02/04/2011 5:57:08 PM PST by Vendome (Don't take life so seriously..... You won't live through it anyway.)
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To: Vendome

He was the chosen one


16 posted on 02/04/2011 6:05:21 PM PST by al baby (Hi Mom!!! <sarc>)
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To: Kaslin

Thanks for the post Kaslin. Very interesting. I emailed my list the link.


17 posted on 02/04/2011 6:12:00 PM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: Kaslin

I dont know, but the fact that this guy presents stock prices that are nearly 50 years apart as if there were no splits or dividends is at worst a moron, and at best he is the worst kind of huckster.

And there are people that read it and nod, as if to say, “Yeah, he must be right, he is Ronnie’s son....” should reconsider how they judge people.

I have always thought this guy was a jerk—trying to make buck off his Dad. He is no better than his brother....Ronnie punches the Dad doll one way, and Mikey punches it the other.

Go make a living on your own name.


18 posted on 02/04/2011 6:13:27 PM PST by Vermont Lt (Don't taze my junk bro.)
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To: Kaslin
Bobby Kennedy also provided Reagan with another chance to shine. In 1968, ABC broadcast "Town Meeting of the World", in which both Reagan and Bobby appeared. As an old Hollywood pro, Reagan knew enough to look into the camera even when it was not on him, something Bobby didn't figure out until it was too late.

While Bobby was apologizing for America's actions in the world, Reagan looked into the camera and said, "I will never apologize for America." The host from ABC gave Reagan a chance to back away from that statement, but Reagan only repeated it.

After the broadcast, Bobby knew he had performed quite badly as opposed to Reagan. He said to one of his staffers, "OK, who got me into this f***ing mess?"

19 posted on 02/04/2011 6:19:23 PM PST by Publius
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To: Kaslin

Too young for GE Theater. But I remember Reagan from 20 mule team Death Valley days in early 60’s. He hosted it and sometimes starred in it.


20 posted on 02/04/2011 6:25:14 PM PST by dancusa (Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy. W. Churchill)
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To: Kaslin
I had to reproduce the comment to the article from some liberal, below. The sheer brilliance of its logic made me laugh out loud.

I find in reprehensible that the IBD permit this article that slams GE without a chance for them to tell their side of the story. The IBD has been using every opportunity to slam GE even since the appearance of a closer tie with President Obama. The IBD could focus on disasters caused by other big companies, such as the Texeco-Chevron Amazon disaster or BP’s endless mismanagement disasters, or ADM’s, Bunge, and Cargill's rainforest deforestation. But do they? And why not?

I don't recall BP helping proliferate nuclear weapons, but maybe my memory is faulty.

21 posted on 02/04/2011 6:35:18 PM PST by denydenydeny (Power always thinks it has a great soul and vast views, beyond the comprehension of the weak-Adams)
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To: dancusa

In 1964 when I was 10 years old I stopped at the Barry Goldwater campaign headquarters on Wilshire Boulevard. My friends and I were on our way home from school and we went inside for free cookies. Ronaldus Magnus was there and I stood right next to him. I recognized him as the host of Death Valley days. I will remember that for as long as I live.


22 posted on 02/04/2011 6:42:14 PM PST by forgotten man (forgotten man)
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To: Kaslin
The Gipper and James Dean on GE theater. I found this very interesting. Here is a bright young star on the way up and an older has been on the way down. But, as it turns out the bright young star is dead within a year. Thirty years later James Dean is an icon to a past era and the old has been is playing the biggest role ever given any actor. Who would of known it back then. http://www.youtube.com/watch?v=iqNDWEwP92o
23 posted on 02/04/2011 6:43:51 PM PST by bilhosty (Don' t tax people tax newsprint)
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To: Kaslin

Michael Reagan is a wonderful tribute to his adoptive father.

I love to hear him talk of Ronald Reagan.

Good bless you Michael. When you speak, your father lives again.


24 posted on 02/04/2011 6:45:31 PM PST by DoughtyOne (All hail the Kenyan Prince Obama, Lord of the Skid-mark, constantly soiling himself and our nation.)
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To: Kaslin

When GE did make home electronics , they sucked bigtime , especially the TVs . While I was working my way thru college in the early 70’s I worked for a TV repair shop for a while . American TVs were junk compared to offerings from Japan . No wonder we lost that market .


25 posted on 02/04/2011 6:47:40 PM PST by sushiman
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To: dancusa

There are some good GE theater episodes on youtube. Here
is part 1 of 4, starring Jack Benny...

http://www.youtube.com/watch?v=sGw9Q7dNdmc


26 posted on 02/04/2011 6:48:35 PM PST by 668 - Neighbor of the Beast (BYOST -- bring your own sark tag. Thank you.)
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To: 668 - Neighbor of the Beast

Thanks.


27 posted on 02/04/2011 7:05:25 PM PST by dancusa (Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy. W. Churchill)
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To: Kaslin

Obama was so mad that they fired Ronald Reagan, that he turned around and bought the company.


28 posted on 02/04/2011 7:06:05 PM PST by FreeAtlanta (Obama and the left are making a mockery of our country.)
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To: Kaslin

The FCC stipulated the NBC give access to NGO’s as part of the approval of the Comcast deal. GE is the parent coompany to NBC.

GE received 13 of 15 Obama Stimulus grants...the GE of Today is closer to the government than ever.


29 posted on 02/04/2011 7:06:53 PM PST by Fitzy_888 ("ownership society")
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To: forgotten man

Cool! Roy Rodgers was my favorite cowboy. I still have a rusty and cobwebbed 51 year old Wonder Horse on springs that I named Trigger. Sitting in my garage and still can’t bring myself to throw it away.


30 posted on 02/04/2011 7:11:08 PM PST by dancusa (Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy. W. Churchill)
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To: Kaslin
Once, around 1960 or '61, Dad gave me a Christmas present of 90 shares of General Electric stock, worth around $70 a share. What is GE stock trading for these days? Around $20! Why isn't Immelt on unemployment?

Um, let's see ... The stock has split a total of 96 for one since 1960 or '61. So, if Michael had kept his stock, worth $6300 when he got it, he would now have 8640 shares, worth $117,638 dollars as of Friday's close. And that's not counting the steady dividend he would have been receiving in the meantime (currently, his investment would be paying about $4838/yr in dividends, which is an annual yield of about 77% on his original cost).

31 posted on 02/04/2011 7:12:32 PM PST by cynwoody
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To: cynwoody
worth $117,638 dollars as of Friday's close.

Typo. That should be $177,638.

32 posted on 02/04/2011 7:15:23 PM PST by cynwoody
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To: forgotten man
My friends and I were on our way home from school and we went inside for free cookies. Ronaldus Magnus was there and I stood right next to him. I recognized him as the host of Death Valley days. I will remember that for as long as I live.

If it weren't for Reagan you probably would have forgotten all about the cookies.

33 posted on 02/04/2011 7:18:05 PM PST by Moonman62 (Half of all Americans are above average. Politicians come from the other half.)
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To: re_tail20
“If Bobby Kennedy had let Ronald Reagan continue hosting his successful TV show, would my father have run for governor? Doubtful. And if he had not been elected governor, he certainly would not have run for president of the United States.”

Reagan switched parties in 1962. I wonder if it was before or after the firing.

34 posted on 02/04/2011 7:21:41 PM PST by Moonman62 (Half of all Americans are above average. Politicians come from the other half.)
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To: Vendome

I also remember Mike’s sister (and Dutch’s natural daughter by Jane Wyman) Maureen Reagan. She as I remember stood by her dad, and while I’m not sure that she mirrored Dutch on all matters she wore the name well.


35 posted on 02/04/2011 7:35:09 PM PST by vrwconspiracist (The Tax Man cometh)
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To: Kaslin

When I think of GE, I remember one of President Reagan’s great lines. He said; “any company that gets in bed with government is going to get more than a good nights sleep.”


36 posted on 02/04/2011 8:09:49 PM PST by wjcsux ("In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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To: wjcsux

That was a superb line. In a former life, I worked for one of the competitors of GE. I learned to hate them. We could beat them in any technological or quality match-up, but they knew how to deal dirty by playing their corporate/government connections better than anyone in the business. If you study how Obama avoided serious elections early in his career, you will also understand how GE wins contracts over competitors.


37 posted on 02/04/2011 9:30:00 PM PST by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: forgotten man; potlatch; bitt

My father took me out of school one day to see Ronald Reagan speak on the shop floor at the local GE plant where my dad worked.

I’d always watched Reagan on the GE Theatre program, but on this day listened to him speak of how our great country works economically. I never thought of him as an actor after that experience. He spurred my interest in politics and in economics, in plain-spokenness, and in clear thinking.

I stood about ten feet away from him, and will never forget the power of his thinking and his personality.

My daughter was born on his 72nd birthday. She has always loved him as “her President,” and is naming the baby girl she is expecting in June, “Reagan”.


38 posted on 02/04/2011 9:35:18 PM PST by ntnychik
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To: Kaslin

I believe in 1967, Bobby Kennedy and Ronald Reagan debated on tv. After the show, Kennedy asked who was the jackass who thought it was a good idea to debate Reagan...


39 posted on 02/05/2011 5:47:05 AM PST by scbison
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To: Vendome
Michael Reagan...The real son.

*sulking*
"Whiny" Ron: MOM, ALWAYS LIKED YOU MORE!!!!!!!!
*/sulking*


40 posted on 02/06/2011 9:52:24 AM PST by skinkinthegrass (You do not have to smear (Imam) Obama w/ lies....the truth does a fine job. 8^)
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