Friday, April 24, 2009
General Electric Owns Our President
Fox News Channel host Bill O'Reilly attempted to do so at the top of his April 23 "The O'Reilly Factor" broadcast during his "Talking Points Memo" segment. O'Reilly outlined how Obama has gotten support from the NBC networks both pre-election and post-election.
"Will General Electric get paid for supporting President Obama - that is the subject of this evening's Talking Points Memo," O'Reilly said. "As everybody knows, GE, which owns NBC has been very aggressive in helping Barack Obama - first supporting the president in the election and now attacking his critics."
O'Reilly pointed to the change in tone at CNBC as a specific example. Certain on-air CNBC personalities had been outspoken in criticizing Obama's economic policies. However, that has changed somewhat and according to O'Reilly, CNBC Chicago Mercantile Exchange reporter Rick Santelli - the inspiration for the recent Tax Day tea party protests - had said he had been sent to a "reeducation camp."
"There is also emerging evidence that GE CEO Jeffrey Immelt and NBC News chief Jeff Zucker told CNBC personnel to stop criticizing Obama's economic policies," O'Reilly said. "Now, that would be a major breach of journalistic ethics. In fact, Obama critic Rick Santelli is reported to have said he was sent to a quote, ‘reeducation camp,' by NBC. In addition, the hateful MSNBC network continues to air vicious attacks every day."
O'Reilly played a clip from MSNBC' "Countdown with Keith Olbermann" on April 16, when Janeane Garofalo, in a hateful tirade, called Tax Day tea party protest participants "nothing but a bunch of teabagging rednecks."
"Well, this week Jeff Immelt met with GE stockholders in Florida and there was near revolt," O'Reilly continued. "That's no surprise, as also this week Forbes magazine labeled Immelt one of the worst-performing CEOs in the country."
O'Reilly also played the exchange between his producer Jesse Watters and Jeffrey Immelt at the April 22 shareholders' meeting, where he questioned the ethics of MSNBC. But, according to O'Reilly there is reason to believe the slant of MSNBC is allowed because GE stands to profit if Obama is successful in instituting his priorities, specifically cap-and-trade.
"Now, most CEOs would have stopped NBC's corruption a long time ago, but Immelt may be looking for a major payoff," O'Reilly said. "According to reporting by the Washington Examiner, GE is heavily lobbying the Obama administration for bailout money. The company is also pushing for the proposed cap-and-trade program. Apparently GE has set up a joint venture it hopes would manage billions of dollars in cap-and-trade transactions should that corporate carbon tax pass Congress."
NBC has been actively promoting green issues and this revelation by O'Reilly happens to fall during the NBC Universal networks "Green is Universal" week.
"Now think about this ladies and gentlemen - a failing corporation, General Electric might reap billions of dollars if the Feds OK the carbon deal," O'Reilly said. "By the way, GE is already getting taxpayer bailout money for its financial unit. So it's not a stretch to assume Immelt would want to help President Obama as much as possible."
According to O'Reilly, the level of corruption is so big, it stands to make Watergate look small.
"This is obviously a major story - when a powerful corporation, which controls a major part of the American media, may be using its power and the airwaves to influence politics, in order to make money from government contracts," O'Reilly said. "That kind of corruption would make Watergate look small. We hope it is not true."
GE owns msnbc.
and a man named george soros (a nazi affiliated mega-billionaire) also has clout in the main stream media business as well as wanting to buy a president...for reasons too long for me to type here..but kinda related globalization.
he almost did with kerry, but the swift-boaters stole it from him.
now msnbc, funded by GE became the media tool..bashing mccain and palin.
GE donated mega-bucks as did soros to the obama campaign.
obama was getting mega money from soros as well as biases media coverage.
and so became president.
GE wants obama to sign into law a carbon tax...
so they can make billions.
one hand washes the other..
it is likely the biggest political scandal ever!
makes watergate look like tiny!
Obama’s hidden bailout of General Electric
By: Timothy P. Carney
03/03/09 8:12 PM While many companies hire lobbyists to win earmarks, General Electric’s unmatched lobbying force has secured a tax increase — or its equivalent — in President Barack Obama’s budget.
Labeled “climate revenues” and totaling $646 billion over eight years, this line item in Obama’s budget has inspired confidence in GE Chief Executive Officer Jeff Immelt. As Immelt put it in a letter this week, he believes that the Obama administration will be a profitable “financier” and “key partner.”
On page 115 of Obama’s fiscal 2010 budget is Table S-2, titled “Effect of Budget Proposals on Projected Deficits.” The chart forecasts the costs of Obama’s spending proposals and the added revenue of his proposed tax increases. It also forecasts, beginning in 2012, billions of dollars a year in “climate revenues.” This budget line, which has struck fear into some lawmakers from coal-dependent states, could spell salvation for GE in these times of uncertainty.
How can Obama generate “climate revenues”? By forcing companies to pay for the right to emit greenhouse gases such as carbon dioxide.
A tax on greenhouse gas emissions could accomplish this, but Obama’s preferred policy — and the approach embraced by a few congressional bills in recent years — is called “cap and trade.” In short, cap and trade requires businesses to spend “credits” to pay for their emissions. Businesses can buy or sell these credits, and the market — not the government — would directly set the price of a credit. Government would initially auction them off, generating revenue.
GE — a member of the U.S. Climate Action Partnership, which advocates cap and trade — leads the push for greenhouse gas restrictions.
In the fourth quarter of 2008 as the company’s stock fell 30 percent, GE spent $4.26 million on lobbying — that’s $46,304 each day, including weekends, Thanksgiving and Christmas. In 2008, the company spent a grand total of $18.66 million on lobbying.
Reviewing their lobbying filings, you might think you were looking at Al Gore’s agenda. GE’s specific lobbying issues included the “Climate Stewardship Act,” “Electric Utility Cap and Trade Act,” “Global Warming Reduction Act,” “Federal Government Greenhouse Gas Registry Act,” “Low Carbon Economy Act,” and “Lieberman-Warner Climate Security Act.”
This isn’t altruism or public relations. GE has started a joint venture called Greenhouse Gas Services, which invests in — and hopes to manage the trade in — greenhouse gas credits. But these investments and this trading floor are of basically no use and nearly no value without government restrictions on greenhouse gases.
Hence the lobbying, buttressed by generous campaign contributions: Employees and executives gave $1.35 million to politicians in the past election while GE’s political action committee shelled out $1.55 million. About 64 percent of this $2.9 million went to Democrats, with Obama easily the top recipient of GE money.
Obama’s budget includes the payoff, promising to start a multibillion-dollar greenhouse gas industry by 2012. In a letter this week, GE’S Immelt told shareholders that current events present an “opportunity of a lifetime,” because “capitalism will be ‘reset.’ ”
Immelt wrote: “The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner.”
In short, GE plans to get rich by being one of the government’s closest partners — which it has always been, thanks to its unmatched lobbying efforts.
The environmentalist at this point might respond, “Well, good for GE. if they can get rich while helping the planet, more power to them.” But this ignores important issues. First, restraining greenhouse gas emissions will cost Americans dearly. Gas, electricity and heating prices will all go up. The prices of manufactured and shipped goods will go up. A Clemson University report on similar cap-and-trade proposals forecast a 1 percent decline in he U.S. gross domestic product by 2015 if they were implemented.
There are environmental costs, also, to such a focus on greenhouse gases: Ethanol’s damage to water supplies, soil health and air quality are the fruit of government pushing the product as a climate-friendly fuel.
When the lobbying fingerprints of GE and other well-connected firms are considered, it’s not hard to conclude that the policy that will finally emerge won’t be the one that is best for the planet and least bad for the economy, but the one that is best for General Electric
This is why our President wants to go "Green"
who is the largest supplier of Wind Generators and Turbines? "GE"!
Our President ... Owe's them BIG Time, for getting him elected
Vance Keaton Phoenix AZ