Remember the outrage over Haliburton & Cheney? So where’s the outrage over GE and the Obama Administration?
By: CDR M (Editor, Clarion Advisory) 1-21-11
I remember for much of the Bush Administration, hearing how evil it was for all the ties that Cheney had with Haliburton and how it was wrong for a company to have so much access in the White House so where did that outrage go when it comes to how cozy GE is with Obama? It’s the same thing, actually even worse. GE Chairman Jeffrey Immelt was just named to chair new White House Economic Group after already having had a position in the White House when he served on Obama’s Economic Recovery Advisory Board. Funny it was evil for Cheney to have ties to Haliburton and not actually have a position at Haliburton but it’s O.K. to actually have a company chairman to chair a group in the White House and the MSM response is crickets chirping and a lot of nodding of heads?
GE has gained much with this administration. The banning of incandescent lightbulbs? GE has got you covered with their CFLs. Wind turbines? GE has got you covered. High speed rail? GE wants that action too. Electronic health records? Oh yeah, GE’s Health Division is all over that. Clean coal technology? Check. GE has got that too. Smart grid? Another check. GE is ass deep into that!
It also seems that now whenever Obama needs to highlight something economic, there’s GE always ready with some kind of news. Just in time for China’s visit, GE announces a turbine deal, a Chinese railway deal, and a airplane deal with China. That’s just this week. Remember that trip to India in November? Well looky here. Another deal and guess who with? GE of course! India and GE sign power equipment deal. The article even states that it was timed to coincide with Obama’s arrival. How’s that for coordination?
On Saturday, GE and India’s Reliance Power Ltd. signed a power equipment agreement, timing the signing with Obama’s arrival in the country. The pact comes to about $700 million worth of gas turbines and other equipment for Reliance’s $2.2 billion, 2,400-megawatt plant expansion in southern India.
Even back in 2009, it was GE that was looking to gain from Obama’s foreign policy decisions. In return for eliminating the missile shield in Europe, Putin would meet with a few US company execs including GE.
Shortly after the pullback on the shield programme was announced, Russia’s government said Prime Minister Vladimir Putin would meet several U.S. executives on Friday from firms including General Electric, Morgan Stanley as well as TPG, one of the world’s largest private equity firms
It would seem that Obama has been very good to GE (and Goldman Sachs). Now remember all that outrage against Haliburton? I suspect this is why you don’t see the outrage. Read this blog post by someone who is totally behind this. Obama, GE and Transformation. Ah yes. All of this is OK because it is to save the planet and stop global warming and we are spending money on home and the planet instead of the evil military industrial complex. Do liberals ever have any principals that they adhere to besides stupid stuff? It’s OK to do this as long as the ends justify the means? Really?
I expect to hear more of GE (may as well call them Green Economy now), green power and green jobs with Immelt in charge and GE racking up dominance in areas of the green economy. In fact, it’ll probably be a big part of the SOTU address Tuesday. See The American Spectator on this, More On Obama, Big Green and the SOTU. Calling it crony capitalism is perfect and highlights the hypocrisy of the left and the MSM in their lack of critical coverage of it.