Comments on: Does GE gain by lending the White House its CEO? Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: MadAsHell2 Mon, 24 Jan 2011 18:43:55 +0000 Corporate GE well might.

The White House will likely gain too — in going yet further to show how Pro Business they are; to do a lot more of that, Obama would have to declare he was switching to be a Republican. (Being a Corpracrat — based on his appointments — he is almost as far that way as he can be; in the Democratic Party.)

Too bad the workers in either the United States, and maybe not anyplace, will benefit as much. How many more jobs is GE going to create in 2011, where?

The GE stockholders might not do so well. Unless somebody in Washington D.C., or someplace, actually does something to help stimulate demand, and in turn drive employment up, that drives yet more demand, … well …

You can only squeeze out so much profit by trimming expenses. When you can’t grow the top line, GAME OVER!

When everybody in every country drops to slave wages, how the heck is that going to support enough demand to support the major corporations world-wide?

Someday, we will all discover, that when nearly everybody lives in abject poverty, there really isn’t, then, a whole lot of prosperity left for anybody whatsoever!

The Third World has know that for year. It will come as SUCH a chock to the Developed World!!

By: MAGICBOX Mon, 24 Jan 2011 05:00:20 +0000 It will be great for GE. It will probably win few hefty contracts from India, China, Brazil or another growing economy. It does not hurt to help your country and be close to the President.

By: ARJTurgot2 Sat, 22 Jan 2011 23:27:50 +0000 Bingo. Warren Buffett and I want our money back. Between Nardelli and Immelt the ‘Deep Bench’ that was GE’s legacy from Welch has definitely underwhelmed.

By: Powerpeace Sat, 22 Jan 2011 21:24:08 +0000 OK now I did read in the Washington Post that Immelt was being allowed to lobby as long as he declared it. This is a win/win situation because other CEOs are more likely to listen to Immelt than most other CEOs.
As far as him getting the company into trouble with the financial division I would remind you that Securities had a system known as underwriting that was supposed to have rules to be followed to assure only reasonable risks were taken. GE along with many others never dreamed all the underwriters as well as the rating company would cheat. If we had prosecuted everyone involved in the Great Recession we would have had America declaring bankruptcy.

By: Buse Sat, 22 Jan 2011 05:07:02 +0000 The outcomes should be interesting to say the least and well worth tracking over the months to come…