First, read this:
GM Plans to File for IPO in Mid-August
***The Treasury Dept. to sell shares of GM** to go towards debt and fund PENSIONS for GM…..another gotcha FOR the UNIONS?
“Fake” Disdain by Jeffrey Immelt, the CEO of General Electric who just so HAPPENS to sit on Obama’s Economic Recovery Advisory Board AS WELL AS the Federal Reserve of New York? **More of a poke in the eye to China?***
GE CEO Hits Out at Obama and China
July 2, 2010
By: Dan Weil
General Electric Chief Executive Officer Jeffrey Immelt reportedly had harsh words for President Barack Obama and China in remarks at a recent dinner with Italian executives.
The president is anti-business, and China is hostile to big foreign companies like GE, he said, according to the Financial Times.
It’s very rare for the CEO of a major company to make such remarks. GE claims the FT took them out of context.
As for Obama, Immelt complained that the White House has sought too much regulation in response to the financial crisis and that its policies endanger the “tepid” U.S. recovery.
“People are in a really bad mood (in the United States),” he said.
“We are a pathetic exporter. We have to become an industrial powerhouse again, but you don’t do this when government and entrepreneurs are not in synch.”
Business doesn’t like the president, and he feels the same way about business, Immelt said. He contrasted Obama’s attitude to that of German Chancellor Angela Merkel, who defends German industry, Immelt said.
He also went after Federal Reserve Chairman Ben Bernanke, saying that while Bernanke pledges to keep interest rates at zero as long as necessary, European Central Bank President Jean-Claude Trichet “worries about inflation every day.”
As for China, Immelt said its adversarial attitude toward foreign companies is making GE look elsewhere.
“I really worry about China,” he said. “I am not sure that in the end they want any of us to win, or any of us to be successful.”
GE faces its toughest business conditions there in 25 years, Immelt said.
“China and India remain important for GE but I am thinking about what is next,” he said, citing “most interesting resource-rich countries” in the Middle East, Africa, Latin America and Indonesia.
***NOTE HERE: Obama has ties to George Soros. Soros invests in Africa (Nigeria), Latin America (Petrobras), Indonesia (Asian markets), etc.**** Remember Obama is a TACTICIAN.
Obama promises $2 BILLION to Brazil (Petrobras) for oil exploration but puts a moratorium on drilling for American oil?
Jeffrey Immelt, the CEO of General Electric connection map:
***Relationship map credited to Muckety maps http://www.muckety.com/ ***
Other current General Electric Company relationships:
Contracts, grants and loans from 2009 stimulus spending:
Then this HOLIDAY weekend, when Obama thought YOU weren’t paying attention states:
Obama announces plan to spend billions on creating a few thousand solar energy jobs
July 3, 2010
In his weekly address to the nation, President Obama today announced that — in the name of bringing “jobs back to the country” — the Department of Energy has awarded $2 billion dollars to two energy companies.
Abengoa Solar and Abound Solar Manufacturing will use the money to create some of the world’s most advanced and largest solar panels and plants, the president said.
In all, though, the billions are expected to buy just 5,000 jobs, meaning that each position will likely end up costing the federal government upwards of $392,000 per job. Of those 5,000 jobs, the majority are expected to be temporary positions in fields like construction.
Observers — including blogger Ed Morrissey — have pointed out that, even if the employees were taxed heavily and their jobs generated significant tax revenue, the president’s initiative would likely not pay for itself for over fifty years.
***To wrap your head around the amount of money: TWO BILLION looks like this…$ 2,000,000,000.00***
A Billion here…..a Billion there……as long as it doesn’t come out of Obama’s, Immelt’s or Soros’ pocket……right?
Unemployment rate at 9.5%, BUT if you figure in those that have expended Unemployment benefits and those that have GIVEN UP looking for work…….is the Unployment rate really closer to 12%? 15%?
WHO has benefitted from the Recovery package? FEDERAL Employees……GAINED 19% employment.
Now Obama wants to grant illegal immigrants, basically amnesty, for breaking US laws…… to intensify Americans losing jobs they need for their own families.
Do any of YOU see a problem with all of this?
“Had Enough” of the Obama policies and agenda?
November 2010 and 2012 are coming…….Choose wisely.
JUST NO LONGER SILENT.