washingtonpost.com:
General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks.
At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government.
GE microholographic storage promises cheap 500GB discs, Blu-ray and DVD compatib...
Drama at GE shareholders meeting
Updated Exclusive! Entire GE CEO Confrontation! | The FOX Nation
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RichMisty, I want to see if I'm clear on your thought process.
It's OK to post a li
e about what I said if it proves your point?
Do I have this right?
You did flat out li
e about what I posted so I can't read it any other way.
I pointed a perception, taken from a viewpoint that is not my own.
You and I actually agree, and I have told you so. Now our perceptions are different. I looked at your post from a Republican's viewpoint. That is not the same viewpoint you and I share.
If you took offense, I am not too small to apologize. If you can't accept that, and you want to fla.me it out... We can go there. But as I said, we are both adults and I don't see the need.
Your turn.
You twist and turn and twist and turn. In the end you posted that I said it was Clinton's fault
I posted nothing of the sort.
You are a li
ar. You can try and twist it all you want but you are patently dishon est.
You lack credibility by doing this and you are no different than the far right
luna tics that post here. They do the exact same thing.
As I posted earlier, I detest dishonesty from anyone.
So you don't want to accept an apology, and you do want to flame it out.
Correct?
rich misty I'm a Fan of rich misty I'm a fan of this user permalink
Honesty by whose defination? Yours and mine, or the Republicans?
There are two completely different moral systems at play. I play against one, and for the other. I don't leave openings for shots for Republicans. I don't give them any quarter, I don't give them any chances, I don't give them any grace.
You do. I replied to your post, directed _AT YOU_ because what I posted to you, is exactly what the Republicans read in YOUR post.
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Mind reader?
You people need to keep up:
Reuters ~ "General Electric could benefit later this year from a planned U.S. stimulus package, but more realistically will feel the effects from it in 2010, its chief financial officer said on Friday" - Jan 23, 2009
About 3 weeks before the stimulus package was passed by Democrats in congress and signed by Obama.
This story is about TARP funds and loopholes designed by the Bush administration.
Thank you :-)
and yet only half of the money was dristributed by Bush. maybe Obama should have rethought the "loopholes" before his quid pro quo with GE.
Like we couldn't see this happening? GE/NBC is an arm of the Administration and this is payback. Who do you think is also getting Energy contracts from this new bill?
I don't hear any voices from the Left, this is just another Haliburton episode!
Your comment is both puerile and paranoid.
This is not even remotely comparable to Haliburton, so you are either ignorant about Haliburton or dishonest.
It's funny how you just want to ignore GE. For the record I was also outraged by Haliburton but at least I can see what is going on Watch GE's stock over the next couple of years.
An earlier comment said to look at the date this agreement was made (Oct 2008) and who was pres. at the time. Not Obama
And O wants to close the loophole.
Yeah after the "horse is out of the barn"! LoL!
It appears you bothered to look up the facts. Thank you. ;-)
Thank you for your attempt at trying to educate and read the for those who won't but want to whine instead.
Yet another massive American corporation that would be bankrupt if it weren't for a government handout?
Why did the media never cover GE's financial problems? Why was GE never included in the list of companies in distress -- along with GM, Chrysler, AIG, Citi, etc?
How did the media miss this? Because GE is not either a car company or a bank, so it wasn't "news"?
What does this say about the way big corporations are run in America today -- that it's not only big banks and investment firms, it's not only automakers, but also an old-line consumer electronics giant like GE?
Doesn't this say there is something flawed about the American corporate model? About the way we run capitalism in America?
How is it that AIG's financial section in London was discussed and GE Money, the financial section of GE was not?
GE got to participate because its financing arm---GE Capital---owns two small S&Ls.
Since the Office of Trhift Supervision is to be folded into another agency, the loophole will close.
GE isn't having major financial problems.
It saw an opportunity to legally take part in a program design by Bush/Paulson and did so.
This saved GE a ton of money in terms of financing its debt.
GE is a diversified company and is highly profitable.
What are the chances that will trickle down to us? ;-)
Classic example of why big business lobbies so diligently for less government. These guys are living proof that big business is run by sociopaths. They will exploit any loophole to take what they do not earn or deserve. Their primary objective is not to produce a quality product any longer, but rather to increase the bottom line at the expense of us all. Like the private health 'insurers,' they are monsters engaged in a feeding frenzy designed to deplete the resources of those opposing them. We all talk about their arrogance, the arrogance born of a belief that they will not be challenged for their atrocities because they see their actions as commendable--just like a sociopath.
Oh GE owns *NBC which is "in the tank" for Obama, connection?
Hmmm interesting question.
I'm going with LOL.
Good one. :-)
I think I'll follow suit, I can't think of anything more appropriate either. LOL !!!
Fuuuunnny!
Fox?
Also many other people have pointed out, Bush was president when this happened.
That deal was reached between the Bush administration and GE. Jeebus, read sometimes?
whats in ur tea ?
What, there's a loophole in the TARP? Say it isn't so!
Cmon, was there ever any real reform contemplated in banking?
Instead of fundamental changes,the administration has created a debate over regulations: basically saying that we are going to let the same players play the same game, only now we'll "debate" if we should watch them closer.
We are always going to be one step behind those we are trying to "reform" if we continue to
ignore the root cause of the crisis;
A smoke and mirrors approach to economics whose main cheerleaders happen to be our very own Secretary of the Treasury and Chairmen of the Fed.
Obama can make all the speeches he wants, fill the air with righteous indignation and point fingers at the greedy and corrupt, at the end of the day without effective action, the same players are going to keep playing the same game.
Please remember that the TARP was established in Sept. 2008. Loopholds where established at that time and now is another thing to be cleaned up.
Well said. What I find truly amazing is how little the populace knows and understands about its own monetary system, and how they've been enslaved by it.
Very well said! People need to wake up and stop buying into the right v left corporate derived conflict and understand it is the corporations, who own our governemnt, that are at the root of much of what ills America.
Corporations do not own our government.
Looks like we will have another USA vs Brazil showdown later this week in womens Volleyball at the Pan Am Cup.
Go USA!!!
OT:
Rest in Peace...Bi
Good morning, monica!
Your comment on GE and the intellectual property shenanigans was interesting. Thanks!
Good morning Midnightrain. Thanks for the Journey nightmare last night!!!!!! :-)
Good morning Midnightrain, they are involved in many other underhanded deals that hurt the people of this nation. Too many to elaborate on. Don't forget to check out their involvement in subprime lending.
OT: RIP Billy Mays.
who?
Hey! Love the new avatar!
Mr Orange Glo commercial. Mr Oxi Clean commercial. Mr Kaboom!
Democrates just must not be able to read, because they just keep passing bills with no clue as to what is in them and then bitching about it. Then slap some republican around because he is reading the bill to them on the floor. And the president just wants to sign it, he won't read it either.
False on every level.
The loophole GE has taken advantage of was created by and promoted by the Bush administration before Obama was even elected.
LOL, you are still thinking about the last 8 yrs. The dems are writing the bills with guide lines from the Pres. The problem is that the repubs. really don't read the bills and yell that they are opposed to them even before they are written.
Congress has been in democratic control since 2007.
DEMOCRATS read just fine. You don't write very well so your literacy is in questions.
rich misty I'm a Fan of rich misty permalink
No, you posted that it was Clintons fault.
-------->>
Was this post aimed at me?
What you did is provide an opening for Republican tro//s, on what was truly, a Republican drafted, and Republican passed bill. See my post below again...
I asked you a specific question. Don't obfuscate.
Was this post aimed at me, Yes or No?
I think I was clear. We are both adults, we can bump heads if you want. I don't see a need.
Ahh... If you think the democrats didn't have a hand in the repeal of the Glass Steagall Act, think again. Click on the link below and get educated!
http://www
It should have been! Nice handle, too!
Brick
If I know the hysterical bloodthirsty right, they'll pounce at the opportunity to blame this on Obama without even a hint of understanding the complexity of the issue at hand.
ConservativeHippie: "Clinton and Summers also had a hand in the repeal of Glass / Steagall"
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There is a moral in this story. Never, ever cooperate with Republicans. If you cannot put them behind bars, vote them out of office.
I prefer both....vo
Bravo Monica, Bravo!!!
I love a story with a moral. And I love this one most of all!
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First Posted: 06-29-09 12:18 AM | Updated: 06-29-09 12:21 AM