Keyword: immelt

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  • GE Boss Jeff Immelt Says ObamaCare Hurting Business

    04/23/2014 4:36:39 PM PDT · by Oldeconomybuyer · 51 replies
    The Washington Examiner ^ | April 23, 2014 | BY PAUL BEDARD
    A week after General Electric blamed Obamacare for hurting its medical business, the company's chairman on Wednesday warned that uncertainty in the health care field will persist for much longer. “I think that there's still a lot of uncertainty in health care and we'll just have to see that over time,” warned Jeff Immelt during a shareholders' meeting in Chicago. Last week, the firm released financial figures which showed a rise in profits, but a cut in its medical business. That was blamed on companies and hospitals holding back on purchases of GE equipment out of concern over how bad...
  • General Electric gets out of the TV business

    02/12/2013 9:19:57 PM PST · by Olog-hai · 27 replies
    Associated Press ^ | Feb 12, 2013 9:31 PM EST | Scott Mayerowitz
    General Electric is saying goodbye to 30 Rock—the building and the TV business born there. It’s another step in GE’s efforts to focus on less glamorous—but theoretically more profitable—ventures such as manufacturing medical imaging equipment, airplane engines and electrical generators. … GE is giving up its stake in one of America’s best-known brands. The sale includes the NBC broadcast network, which airs everything from “Law & Order” to “The Office” and “The Biggest Loser.” The company also owns cable networks Bravo, CNBC, Telemundo, USA and the Golf Channel. There’s also Universal Pictures, which over its 100 years has offered movies...
  • Obama Jobs Council hits 1 year without official meeting

    01/18/2013 5:37:49 PM PST · by george76 · 14 replies
    POLITICO ^ | 1/18/13 | JOSH GERSTEIN
    Barack Obama's Jobs Council hit a notable milestone on Thursday: one year without an official meeting. The 26-member panel is also set to expire at the end of the month, unless Obama extends its tenure. The group, formally known as the President's Council on Jobs and Competitiveness, last convened on Jan. 17, 2012 for a White House session where it presented formal recommendations to Obama. It was the panel's fourth official meeting since it was created in early 2011. A spokesman for Jobs Council chairman Jeffrey Immelt, who's the CEO of General Electric, referred questions about the panel's future to...
  • GE’s Immelt: The Damndest Scoundrel and the Damndest Fool

    12/12/2012 5:20:24 AM PST · by Kaslin · 5 replies ^ | December 12, 2012 | John Ransom
    “Jim Jett always used to say that his brother was the damndest scoundrel that was ever borne,” drawled Abraham Lincoln, “but by the infinite mercy of providence he was also the damndest fool.” Jeffrey Immelt, the modern version of Jim Jett’s brother and Chief Executive Officer of General Electric, should be fired. Actually, if it’s possible, he should be fired twice: once because he’s a scoundrel and another time because he’s a fool. As a fool and as a scoundrel, the guy has wonderful timing; timing that can only be attributed to the vast Left-Wing conspiracy that aims to convince Americans...
  • Obama's Jobs Council chief, GE CEO Immelt says he will vote for Romney.

    08/23/2012 5:15:21 PM PDT · by cruise_missile · 30 replies
    TheFounderskeeper ^ | August 23, 2012
    Obama's Jobs Council chief, GM CEO Jeff Immelt says he will vote for Romney. Obama has had no jobs meetings in months.
  • The Education of Jeffrey Immelt?

    03/20/2012 12:55:34 PM PDT · by Kaslin · 18 replies · 1+ views
    Rush ^ | March 20, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Charles Gasparino with a piece in the New York Post today. "Back when he agreed to advise the Obama [regime] on economics, General Electric CEO Jeff Immelt told friends that he thought it would be good for GE and good for the country. A life-long Republican, Immelt said he believed he could at the very least moderate the president's distinctly anti-business instincts. That was three years ago; these days Immelt is telling friends something quite different. Sure, GE has managed to feast on federal subsidies, particularly the 'green-energy' giveaways that are Obamanomics' hallmark." Yeah, there's no question...
  • Crotchety Bob Lutz Leads GM’s Defense of the Chevy Volt

    03/14/2012 8:40:26 AM PDT · by jazusamo · 21 replies
    National Legal & Policy Center ^ | March 14, 2012 | Mark Modica
    Anyone following the intriguing Chevy Volt story has seen the internet headlines trumpeting the blog by General Motors' Bob Lutz in which he blasts Bill O'Reilly, Fox News and what he calls, "the rabid, sadly misinformed right." It remains a mystery as to why GM would take a politicized stance and join up with those on the left that want to complicate the story on the poor sales for the heavily subsidized and even more heavily hyped Chevy Volt and somehow connect the lack of demand to a Republican political conspiracy. Before moving on to the Lutz offensive defense,...
  • GE To Hire 5,000 Veterans Over Next 5 Years, Invest $580M to Expand Aviation Business

    02/13/2012 7:58:19 AM PST · by fight_truth_decay · 19 replies
    The Republic ^ | Updated: February 13, 2012 - 6:53 am | AP
    WASHINGTON — General Electric Co. plans to hire 5,000 veterans over the next five years and invest $580 million to expand its aviation business. The announcements Monday were part of a four-day event that the global conglomerate is hosting with partners in Washington, D.C., that focuses on issues such as manufacturing and job creation in America. GE CEO Jeffrey Immelt heads up President Obama's 27-member jobs council, which also includes AFL-CIO President Richard Trumka, AOL co-founder Steve Case and Facebook chief operating officer Sheryl Sandberg. GE said Monday that its "Hiring Our Heroes" partnership will help match veterans with jobs....
  • Trump Calls Out NBC Host in Heated Interview: ‘You Gotta Tell the Truth, Chuck!’

    12/05/2011 10:30:28 AM PST · by Lazlo in PA · 84 replies
    The Blaze ^ | 10-05-11 | Christopher Santarelli
    Whether through sound bites or live audio, “The Donald” has been making the rounds on all the news talk shows this morning in response to GOP presidential candidates Texas Rep. Ron Paul and former Utah Governor Jon Huntsman electing to skip the debate that Donald Trump will moderate on December 27. It’s been a war of words to say the least. During his second NBC interview of the morning, Trump got heated with “Daily Rundown” host Chuck Todd, at one point saying, “I didn’t call you, you called me.” That was in response to Todd saying that Trump wanted to...
  • The Occupation Should Be On White House Grounds

    11/21/2011 6:33:24 PM PST · by raptor22 · 5 replies
    Investor's Business Daily ^ | November 21m 2011 | IBD staff
    Crony Capitalism: As the president embraces Occupy Wall Street, his favorite corporation paid no taxes in 2010 on $14 billion in profits, much of it overseas. Meanwhile, 20,000 jobs for the 99% go unfilled. At a recent town hall meeting, Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee, reminded constituents of a story that broke earlier in the year — that General Electric paid no taxes on profit of $14 billion, $9 billion of which was earned overseas. Ryan related how he had asked a GE tax officer the length of GE's tax filing. The tax guy said...
  • GE's Immelt worries U.S. not leading on renewables

    11/03/2011 1:24:14 PM PDT · by mdittmar · 29 replies
    Reuters ^ | Nov 3, 2011 | cott Malone
    * China eyeing "vastly superior" scale, Immelt warns * "I worry a little bit about us," Immelt says of U.S.* GE "all-in" on solar, sees potential $20 bln business By Scott MaloneNov 3 (Reuters) - General Electric Co's Jeff Immelt worries the United States may lose ground to China in the renewable energy sector because it is not prepared to invest in solar, wind and other technologies on the same scale.But the chief executive of the largest U.S. conglomerate said his company remains undaunted and will continue to work in the sector despite the recent bankruptcy of solar panel maker...
  • Obama-Friendly GE Building Aircraft Factory Right-to-Work Alabama; Unlike Boeing, NLRB Silent

    11/03/2011 8:13:14 AM PDT · by opentalk · 20 replies
    Directorblue ^ | November 2, 2011 | Doug Ross
    1. Alabama is a wonderfully free "right-to-work" state, which simply means it prevents unions from extracting dues from workers who do not wish to join. 2. General Electric's CEO Jeff Immelt is the poster-boy for crony capitalism, having backed Obama's rush to socialized medicine and green energy to benefit various of its business units. 3. It turns out that GE's Aviation division is breaking ground on a new factory in Alabama. And, unlike Boeing, which tried to build a factory in a right-to-work-state, the National Labor Relations Board hasn't uttered a peep. But I'm sure that's just a coincidence. Remember...
  • Occupy Wall Street Rallies in Quiet New Caanan (General Electric CEO Jeff Immelt's house)

    10/22/2011 5:44:56 PM PDT · by 2ndDivisionVet · 28 replies
    The Daily New Canaan News ^ | October 22, 2011 | Richard Weizel
    NEW CANAAN, Conn. – Daisy Franklin of Norwalk was among the nearly 100 protestors who came to the New Canaan home of General Electric CEO Jeff Immelt Saturday to take part in the first known Occupy Wall Street rally in Fairfield County. "I worked in a small Norwalk manufacturing company for 15 years until it was forced to shut down a year ago," Franklin, 55, told the crowd, using a bullhorn. "Now, I get by on less than $200 a week of unemployment for me and my daughter. When you run out of money, you run out of options. So,...
  • Immelt at the U.S. Naval Academy Spewing Lies

    10/20/2011 8:45:36 PM PDT · by usnadad · 7 replies
    Noting that we’re celebrating the Reagan centennial, he praised President Reagan for being both “tough-minded and hopeful,” and also “willing to work with his detractors.” That approach, said Immelt, should also be a model of leadership in the 21st century, which “is about building bigger and diverse teams; teams that accomplish tough missions with a culture of respect.”
  • The homes Kamp Alinsky Kids won’t protest -Soros,Immelt,Krugman,Bloomberg,Falcone,Kaiser..

    10/11/2011 9:20:40 AM PDT · by opentalk · 14 replies
    Michelle Malkin ^ | October 11, 2011 | Michelle Malkin
    You knew it was coming. The Kamp Alinsky Kids are taking a sight-seeing tour today. After a month of trashing Zuccotti Park at a public cost of $2 million per day, the riff-raff is marching uptown to occupy…wealthy people’s private homes. According to the NY Daily News: “A ‘Millionaires March’ will visit the homes – or, more realistically, the gleaming marble lobbies – of five of the city’s wealthiest residents, including News Corp. CEO Rupert Murdoch, JPMorgan Chase CEO Jamie Dimon and conservative billionaire David Koch.” Some millionaires and billionaires and their homes get protected, of course. Billionaire NYC Mayor...
  • Obama council makes urgent plea for jobs measures (BURF Alert!! Think 'infrastructure'.)

    10/10/2011 7:02:53 PM PDT · by NormsRevenge · 8 replies
    Yahoo ^ | 10/10/11 | Jim Kuhnhenn - ap
    WASHINGTON (AP) — Decrying the human toll of the nation's economic and financial crisis, a group of corporate and labor leaders advising President Barack Obama is calling for sweeping and urgent changes in government policies, from liberalized immigration and less restrictive regulations to a more business friendly tax system and greater spending on infrastructure. In tackling the nation's economic crisis and its stubborn 9.1 percent unemployment rate, the president's Council on Jobs and Competitiveness is putting the names of some of the country's top corporate CEOs as well as the head of the AFL-CIO behind proposed initiatives and policy overhauls...
  • Immelt's Stunning Question To Stahl: Why Don't You Root For Us Like Our Employees Do?

    10/09/2011 5:47:56 PM PDT · by governsleastgovernsbest · 42 replies
    NewsBusters ^ | Mark Finkelstein
    It was literally a show stopper. At the end of his "60 Minutes" interview with Lesley Stahl, GE CEO Jeff Immelt asked her: "I don't know why you don't" root for GE, and by extension for American business, the way company employees do? Did Immelt leave Stahl speechless? Rather than providing an answer, 60 Minutes could only cut to its tick-tick-tick stopwatch. View video here.
  • Obama's plan will create jobs -- for China

    09/16/2011 1:33:52 PM PDT · by pietraynor · 2 replies
    Lowell Sun ^ | 9/16/2011 | Peter Lucas
    Maybe President Obama should have called it the Chinese Jobs Act. That way he could have given his good friend Jeffrey Immelt, chairman and chief executive of General Electric, a shout-out, or asked him to take a bow. Immelt, who was sitting in the gallery of the House of Representatives as Obama's guest during Obama's American Jobs Act speech to a joint session of Congress last week, had the face of a man looking well pleased with himself. And why not? He is a man who has created more jobs than anyone else in Washington, including Obama. The jobs just...
  • Sarah Palin Slams GE, Solar Firm

    09/15/2011 3:37:40 PM PDT · by 2ndDivisionVet · 14 replies · 1+ views
    The Street ^ | September 15, 2011 | Philip van Doorn
    Sarah Palin has joined the manic bashing of General Electric, calling the conglomerate "the poster child of corporate welfare and crony capitalism." One day after Elizabeth Warren said that GE "pays nothing in taxes" as part of her announcement that she would run for the U.S. Senate to represent her home state of Massachusetts, Palin -- the former half-term governor of Alaska, cable stalwart and perennial fence-sitting would-be presidential candidate -- said that the company "pays virtually no corporate income taxes." Palin said nothing about reforming the tax code to address the tax credits claimed by General Electric. Palin quickly...

    09/14/2011 9:22:18 PM PDT · by Bobbisox · 28 replies · 1+ views
    FaceBook ^ | Wednesday, September 14, 2011 at 10:25pm | Sarah Palin
    Crony Capitalism on Steroids from GE to Solyndra .by Sarah Palin on Wednesday, September 14, 2011 at 10:25pm.In my recent speech in Iowa, some eyebrows were raised when I took on our government’s enormous economic problems caused by crony capitalism. As if on cue, just days later President Obama selected someone who exemplifies a major crony capitalism problem to sit next to the First Lady when he delivered his “jobs plan” speech before Congress. He selected General Electric CEO Jeffrey Immelt as his honored guest. Having grown up with great respect for GE thanks to stories my grandfather shared with...
  • GE to Buy Back Shares From Buffett Next Month

    09/13/2011 5:20:04 PM PDT · by STARWISE · 13 replies
    Reuters ^ | 9-13-11
    *snip* General Electric [GE 15.41 0.40 (+2.66%) ^ 0.40 (+2.66%) ] officially notified Berkshire Hathaway [BRK.A 103460.00 -340.00 (-0.33%) ] on Tuesday it intends next month to repurchase the $3 billion of preferred stock it sold him in October 2008.GE has flagged the move for a while. Under terms of the deal it struck with Buffett when all hell was breaking loose, the company led by Jeff Immelt was obliged to wait three years to call the bonds. It also needed to give at least 30 days notice—hence this week's letter from Fairfield, Connecticut, to Omaha. Buffett's money doesn't come...
  • John Galt's Advice to Obama

    09/09/2011 8:47:45 AM PDT · by Kaslin · 10 replies ^ | September 8, 2011 | J. D. Thorpe
    “Get out of the way.” With this statement, John Galt articulated the simple and necessary policy solution to the disastrous centrally-planned economy in Atlas Shrugged. It’s also sage advice that President Obama should consider before he unveils his latest jobs plan before the Joint Session of Congress tonight. This advice is strikingly prescient as our nation’s economy moves ever-closer to mirroring the calamitous state of affairs that befell society in Rand’s novel. During his two and half years in office, Obama has crushed the labor market with a pro-statist agenda, which includes ObamaCare, the stimulus package, coziness to Big Labor,...
  • Obama invites GE's Immelt to jobs speech

    09/08/2011 12:33:37 PM PDT · by Free ThinkerNY · 11 replies
    Washington Times ^ | Sept. 8, 2011 | Dave Boyer
    The White House's invited guests who will hear President Obama speak to Congress tonight about creating jobs for the common man include a CEO under fire for moving jobs to China and a mayor who recently built a six-foot wall around his mansion. Jeffrey Immelt, chairman of GE and head of the president's jobs council, tops the list of invited guests who will listen to Mr. Obama's speech from the first lady's box in the House chamber. Mr. Immelt has been criticized for GE's plan to move the headquarters of its x-ray business to Beijing; Rep. Dennis J. Kucinich, Ohio...
  • Obama's Guest List Offers Clues To His Themes [jobs speech]

    09/08/2011 12:01:03 PM PDT · by smokingfrog · 21 replies ^ | 8 Sept 2011 | Mark Memmot
    The White House just put out the list for President Obama's jobs-focused address this evening. Those who will be in the gallery with first lady Michelle Obama include: — Jeffrey Immelt, CEO of General Electric. He's chairman of the President's Council on Jobs and Competitiveness. So look for Obama to again stress the importance of technology, research and development. — Steve Case, who co-founded America Online and is, the White House says, "one of America's most accomplished entrepreneurs and philanthropists." He fills the "American can-do/entrepreneurial spirit" slot. — Darline Miller, CEO of Permac Industries, a Minnesota company that makes "precision...
  • A look at Obama's guests for jobs speech

    09/08/2011 11:50:17 AM PDT · by Oldeconomybuyer · 10 replies
    AP via Yahoo! News ^ | September 8, 2011
    The White House invited several guests to attend President Barack Obama's speech to the nation on jobs: JEFFREY IMMELT -- Chairman and CEO of GE; chairman of President's Council on Jobs and Competitiveness. STEVE CASE -- Chairman and CEO of Revolution LLC and co-founder of America Online; KENNETH CHENAULT -- Chairman and CEO of American Express;. RICHARD TRUMKA -- President of AFL-CIO; member of President's Council on Jobs and Competitiveness. GOV. MARTIN O'MALLEY -- Maryland governor. MAYOR MARK MALLORY -- Two-term mayor of Cincinnati. MAYOR ANTONIO VILLARAIGOSA -- Two-term mayor of Los Angeles. GRACEY IBARRA ---- Certified nursing assistant and...
  • Kucinich to Immelt: Resign (the rookie Hussein's Jobs Czar under fire)

    09/06/2011 5:25:29 AM PDT · by Libloather · 16 replies
    The Street ^ | 8/26/11 | Dan Freed
    Kucinich to Immelt: ResignBy Dan Freed 08/26/11 - 01:22 PM EDT NEW YORK (TheStreet) -- General Electric chief Jeffrey Immelt should resign from his position as head of the President's Council on Jobs and Competitiveness because many of his company's goals conflict with the council's goal of boosting U.S. employment and economic output, Rep. Dennis Kucinich (D-Ohio) argued Wednesday in a little-noticed press release. "If he does not resign, the White House should remove him," Kucinich said in the statement. Kucinich's statements came in response to a story in the Washington Post describing General Electric's transfer of sophisticated aviation technologies...
  • GE Healthcare cutting nearly 100 jobs (Good news from Barry's Job Czar Immelt)

    08/23/2011 11:26:29 AM PDT · by milwguy · 9 replies
    jsonline ^ | 08/23/2011 | jeff schmid
    GE Healthcare Ltd. is reducing its workforce at its Milwaukee and Waukesha facilities by nearly 1.5% or almost 100 positions, the medical technologies division of the General Electric Co. said Tuesday. In response to questions, a GE spokesman said notifications were sent out on Friday and that GE is reducing staff in response to the economic uncertainty in the U.S. and Europe. GE, which employs about 6,500 in Southeastern Wisconsin, provided few other details. GE's medical technology operations in southeastern Wisconsin, most of them in Waukesha and Wauwatosa, manufacture diagnostic imaging and X-ray equipment; computed tomography; magnetic resonance; ultrasound; molecular...
  • Laser Advances in Nuclear Fuel Stir Terror Fear

    08/21/2011 9:28:54 PM PDT · by neverdem · 25 replies
    NY Times ^ | August 20, 2011 | WILLIAM J. BROAD
    Scientists have long sought easier ways to make the costly material known as enriched uranium — the fuel of nuclear reactors and bombs, now produced only in giant industrial plants. One idea, a half-century old, has been to do it with nothing more substantial than lasers and their rays of concentrated light. This futuristic approach has always proved too expensive and difficult for anything but laboratory experimentation. Until now. In a little-known effort, General Electric has successfully tested laser enrichment for two years and is seeking federal permission to build a $1 billion plant that would make reactor fuel by...
  • GE's Immelt Blames at Home, Employs Abroad

    07/29/2011 11:26:43 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | July 29, 2011 | Paul Chesser
    General Electric announced this week it will relocate its X-ray business to Beijing in order to capitalize on the burgeoning Chinese health care market.Bravo for them. Kudos. I’m sure it’s a smart business move for the company – just like not paying taxes in the U.S., rent seeking for “Green” subsidies and mandates, and reducing American jobs are also bottom-line wise. But let’s please stop listening to GE CEO Jeffery Immelt (if he ever was really taken seriously), who is the head of President Obama’s Council on Jobs and Competitiveness, whenever he tries to lecture other American corporations on...
  • Jobs Czar Moves US Jobs to China

    07/27/2011 3:59:03 PM PDT · by KeyLargo · 23 replies
    Examiner ^ | Jul 27, 2011 | Mark Wachtler,
    Jobs Czar Moves US Jobs to China By Mark Wachtler, Independent Examiner July 27, 2011. Beijing. In an attempt to capture a larger share of the booming Chinese market, General Electric announced that it was moving its X-Ray technology headquarters from Wisconsin to China. While GE is one of the largest military suppliers in the world, it is also the parent of the NBC broadcasting group of companies. Ironically enough, GE’s CEO is Jeff Immelt, the same man President Obama anointed as America’s Jobs Czar.
  • Rumor has it that GE is moving X-Ray equipment production to China

    07/26/2011 8:26:36 AM PDT · by null and void · 53 replies
    Eyewitness account ^ | 7/26/11 | nully
    Rumor has it that Bloomberg published an article that was posted on FR but pulled due to copyright concerns. Without actually giving Bloomberg the hits, one could speculate on whether the rumor is true, and on the implications of GE, who received bailouts and avoided taxes, and whose CEO Jeffery Immelt is also the chair of the President's Council on Jobs and Competitiveness moving operations to a hostile communist power.
  • GE profit tops estimates (GE's been eating their peas but pay no taxes)

    07/22/2011 4:54:00 AM PDT · by tobyhill · 12 replies
    cnn money ^ | 7/22/2011 | Charles Riley
    General Electric, considered to be a bellwether for the industrial sector, reported second-quarter earnings Friday that topped analyst estimates. The Fairfield, Conn.-based industrial conglomerate logged earnings of $3.7 billion, or 34 cents per share, up 17% from a year earlier. Analysts polled by Thompson Reuters had been expecting GE (GE, Fortune 500) to report earnings per share of 32 cents. "With our fifth consecutive quarter of double-digit earnings growth, we continue to execute in a volatile environment," GE CEO Jeff Immelt said in a statement. Immelt attributed the growth to strong results from GE Capital, as well as the company's...
  • Fox paid $4.8 billion in taxes, MSNBC $0 (story worse than headline)

    07/16/2011 2:21:30 PM PDT · by NYer · 12 replies
    Daily Mail ^ | July 15, 2011 | Don Surber
    The parent company of Fox News — News Corp. — paid the U.S. government $4.8 billion in taxes over the last four tax years (2007-2010). GE, which owned most of MSNBC until late last year, paid zero taxes in 2010.In fact, GE received a $3.2 billion welfare check from Uncle Sam.From Pulitzer Prize winner David Cay Johnston: (Reuters) — Readers, I apologize. The premise of my debut column for Reuters, on News Corp’s taxes, was wrong, 100 percent dead wrong.Rupert Murdoch’s News Corp did not get a $4.8 billion tax refund for the past four years, as I reported. Instead,...
  • Immelt: Businesses must do more on jobs (Tells them to stop complaining)

    07/12/2011 10:19:35 AM PDT · by Beave Meister · 14 replies
    CNNMoney ^ | 7/11/2011 | Chris Isidore
    NEW YORK (CNNMoney) -- The head of General Electric told a jobs summit at the U.S. Chamber of Commerce Monday that businesses needed to take the lead on job creation. At a conference where many of the comments were focused on government barriers to hiring, GE (GE, Fortune 500) Chairman and CEO Jeffrey Immelt acknowledged there needed to be some policy changes by Congress and the Obama administration. But he said that the responsibility for hiring lay with businesses. "The people who are part of the business sector, the people in this room, have got to stop complaining about government...
  • Obama names businessman Bryson to Commerce post

    05/31/2011 8:41:36 AM PDT · by sunmars · 33 replies
    WASHINGTON—President Barack Obama will nominate businessman John Bryson to lead the Commerce Department, a White House official said Tuesday. Bryson's appointment brings another private sector player into an administration that has been making a concerted effort to improve its relationship with the business community.
  • NBC News, Brian Williams developing primetime show ( Free Hussein commercial every week)

    05/16/2011 7:23:29 AM PDT · by Recovering_Democrat · 10 replies
    LA Slimes ^ | 5/13/11 | Marisa Guthrie
    NBC is developing a weekly newsmagazine to be hosted by "Nightly News" anchor Brian Williams, according to sources with direct knowledge of the situation.
  • General Electric’s Jeffrey Immelt: Looter or Producer?

    03/25/2011 11:30:41 AM PDT · by radioone · 19 replies ^ | 3-25-11 |
    Ayn Rand did not sell almost 7 million copies of Atlas Shrugged by creating ambiguous characters. Rand’s world is neatly divided between the heroic “producers” (like steel magnate Henry Rearden) and the dastardly “looters” (like lobbyist Wesley Mouch). Further simplifying things, the good guys are all stunningly gorgeous captains of industry (Grant Bowler as Rearden pictured) while the conniving politicians are all … a bit frumpier (Michael Lerner as Mouch pictured). Unfortunately, the real world is a bit more complicated. The line between productive capitalist and looting collectivist is a lot less stark. And often the sleaziest public servants are...
  • Corporate Welfare

    03/23/2011 4:19:34 AM PDT · by Kaslin · 35 replies ^ | March 23, 2011 | John Stossel
    In America today, the biggest recipients of handouts are not poor people. They're corporations. General Electric CEO Jeffrey R. Immelt is super-close to President Obama. The president named Immelt chairman of his Council on Jobs and Competitiveness. Before that, Immelt was on Obama's Economic Recovery Advisory Board. He's a regular companion when Obama travels abroad to hawk American exports. (Why does business need government to do that?) "Jeff Immelt is perhaps the CEO who is most cozy with President Obama," says journalist Tim Carney. "General Electric is structuring their business around where government is going ... high-speed rail, solar, wind....
  • Obama's Travel Companions in Brazil

    03/19/2011 6:52:59 PM PDT · by GVnana · 86 replies
    U.S. CEOs IN BRAZIL WITH OBAMA JEFFREY R. IMMELT - CEO, GENERAL ELECTRIC Jeffrey Robert Immelt.. Immelt will retain his post at G.E. while becoming "chairman of the Council on Jobs and Competitiveness, a newly named panel that President Obama is creating by executive order."ARIS CANDRIS - CEO, WESTINGHOUSE Prior to this appointment, Dr. Candris served as senior vice president, Nuclear Fuel, providing fuel fabrication, components and services to commercial nuclear power plants worldwide.JAMES T. HACKETT – CEO, ANADARKO PETROLEUM CORP He currently serves as a director of Fluor Corporation, Halliburton Company and The Welch Foundation.JOHN V. FARACI – CEO,...
  • Obama: Unemployment Biggest Challenge Facing Economy

    02/24/2011 1:41:21 PM PST · by bestintxas · 31 replies
    foxnews ^ | 2/24/11
    President Obama says the biggest challenge facing the U.S. economy is an unemployment rate that remains unacceptably high. Obama told his newly created competitiveness council Thursday that its top priority must be creating jobs during a period of fiscal restraint. Obama named business and labor leaders to the council, including GE Chairman Jeffrey Immelt and AFL-CIO President Richard Trumka. The council plans to deliver recommendations to the president within 90 days.
  • Shocker: General Electric Gets Waiver From EPA Regulations

    02/11/2011 3:39:49 PM PST · by george76 · 28 replies
    sa ^ | February 3, 2011 | Rob Port
    Some 40% of the roughly 700 waivers issued on Obamacare have gone to the Democrats’ liberal allies in the labor unions who, ironically enough, campaigned long and hard to get Obamacare passed. But now we learn that waivers from Obamacare isn’t where the cronyism is going to end. Guess who just got a big, fat waiver from new EPA rules? Why, none other Obama’s good friend General Electric whose CEO Jeff Immelt is one of Obama’s economic advisers. I wonder how long it will take someone to challenge this selective enforcement of the law in court. After all, it surely...
  • Obama, the puppeteer President: Like a socialist central planner, he picks winners & losers

    01/27/2011 3:03:46 AM PST · by Scanian · 8 replies
    NY Daily News ^ | January 27th 2011 | Andrea Tantaros
    Picking winners and losers is one thing. Picking winners and losers if you are President of the United States is another, as Rep. Paul Ryan (R.-Wis.) suggested in his response to President Obama's State of the Union speech on Tuesday night. But so far in his presidency, Obama has banked on certain business interests over others and ensured that campaign donors are well taken care of. For example, after Obama selected General Electric chief Jeffrey Immelt to head his Council on Jobs and Competitiveness, Tabitha Hale wrote on FreedomWorks, "This could not have been a more clear product of a...
  • Jeff Immelt As Head of Competitiveness; What Is This Administration Smoking?

    01/25/2011 9:11:35 AM PST · by LRoggy · 14 replies
    Vanity | 1/25/2011 | Lee Roggenburg
    Jeff Immelt as the head of Competitiveness? What Is This Administration Smoking? The record of Jeff Immelt as CEO of GE: Takes over as CEO in September of 2001. At the end of 2000 this is the company he inherits: Shares Outstanding: 9,932,000,000 EPS: $1.29 Total Earnings: $12,812,280,000 Sales Per Share: $13.07 Sales: $129,811,240,000 Profit Margin: 9.9% Employees: 313,000 Based on the 2010 Value Line end of Year predictions: Shares Outstanding: 10,675,000,000 EPS: $1.10 Total Earnings: $11,742,500,000 Sales Per Share: $14.30 Sales: $152,652,500,000 Profit Margin: 7.7% Employees: under 300,000 Sales grows about 1.8% compounded annually Profit Margins fall Less employees...
  • EDITORIAL: Obama's crony capitalism--Government Electric, Government Motors; what industry is next?

    01/24/2011 5:22:51 PM PST · by jazusamo · 20 replies
    The Washington Times ^ | January 24, 2011 | Editorial
    President Obama is continuing his outreach to American business, though the principal business he wants to reach out to is General Electric. Mr. Obama seems to have decided that what's good for GE is good for America, or at least for himself. It has been a banner year in government largesse for America's fourth-largest corporation. This month, the Federal Communications Commission approved the 51 percent/49 percent NBC Universal joint venture between Comcast and GE. Last week, GE announced a White House-backed plan for another joint venture with a Chinese avionics company. Mr. Obama capped the good news by naming GE...
  • Immelt, Daley, and Obama's antipathy to free markets

    01/23/2011 7:18:28 PM PST · by Nachum · 7 replies
    washington examinier ^ | 1/23/11 | Timothy P. Carney
    Since his party's November shellacking, President Obama has worked hard to show America that he is not anti-business, notably by picking General Electric CEO Jeff Immelt and Chicago banker Bill Daley for prominent posts in his administration. But their selection does not mean Obama is "pro-business," at least as the term is commonly understood. The president is no champion of open markets and free competition. His idea of being friendly to business means more government subsidies and corporate-government cooperation, both of which are mother's milk to Immelt and Daley. Obama joined Immelt on Friday at a GE plant in Schenectady,...
  • A blueprint for keeping America competitive

    01/22/2011 7:00:44 AM PST · by crescen7 · 10 replies
    Washington Post ^ | Friday, January 21, 2011; 12:01 AM | Jeffrey R. Immelt
    President Obama has asked me to chair his new President's Council on Jobs and Competitiveness. I have served for the past two years on the President's Economic Recovery Advisory Board, and I look forward to leading the next phase of this effort as we transition from recovery to long-term growth. The president and I are committed to a candid and full dialogue among business, labor and government to help ensure that the United States has the most competitive and innovative economy in the world. This Story
  • The Regime-Immelt Deal Smells

    01/22/2011 6:46:51 AM PST · by iowamark · 21 replies ^ | January 21, 2011 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: I'm sure you saw it by now -- Jeffrey Immelt, the CEO of General Electric (who now they're saying is a big Republican, lifelong Republican), has been appointed to replace somebody on the Council of Economic Advisers. Now, folks, I'm gonna tell you something. This really smells. Congress needs to really look into this. We have another advisory board created by executive order to tell the government what it needs to do to help create jobs. They have a deficit-reduction board. Did you know that? How good a job has that bumbling done? Diddly-squat. A giant failure....
  • Obama And GE: New Industrial Superstructure

    01/21/2011 4:42:46 PM PST · by Kaslin · 24 replies
    IBD Editorials ^ | January 21, 2011 | STEVE MILLOY
    The choice of General Electric CEO Jeff Immelt to chair the new President's Council on Jobs and Competitiveness must be one of President Obama's most ironic appointments. The purpose of the council is to advise the president on "finding new ways to promote growth by investing in American business to encourage hiring, to educate and train our workers to compete globally, and to attract the best jobs and businesses to the United States." Of Immelt, Obama said: "Jeff Immelt's experience at GE and his understanding of the vital role the private sector plays in creating jobs and making America competitive...
  • Obama vows to shift economy into overdrive

    01/21/2011 12:09:43 PM PST · by Nachum · 48 replies
    yahoo ^ | 1/21/11 | afp
    SCHENECTADY, New York (AFP) – President Barack Obama claimed the role of champion of US businesses Friday, vowing to slip the economy into "overdrive" and enlisting corporate America in his crusade to create jobs. Obama named General Electric CEO and Chairman Jeffrey Immelt to head a new Council on Jobs and Competitiveness in his latest conciliatory gesture to the business sector following a Republican mid-term election rout. "The past two years were about pulling our economy back from the brink," Obama said after touring a GE plant in upstate New York, which manufactures hardware for solar, steam and wind power...
  • A Brief Tally Of Immelt's Catastrophic Job Creation Skillz

    01/21/2011 11:52:12 AM PST · by Islander7 · 18 replies
    Zero Hedge ^ | Jan 21, 2011 | by Tyler Durden
    Congratulations to Jeff Immelt - the uberhead of the soon to be former head propaganda financial station has been appointed to chair the White House's job panel.