GE and Obama: A Case Study in the Corruption of Big Government

Perhaps some of you wonder what the big deal is about big government. Well, among the many reasons I oppose such a thing, here is a very real and practical one that is taking place right now.

Everyone knows that NBC (MSNBC, CNBC) is a far left news outlet. They have aggressively supported Obama and the left agenda for years, and are now so far left that they permit garbage like this on their airwaves:

Meanwhile, GE has also heavily supported Obama both during the election and now while in office. Why do I mention GE? Because GE is the parent company to NBC, and at the recent stock holders meeting GE CEO Jeffrey Immelt confessed his company was “in the network business.” The connection of GE and its interests in the media is deep. Immelt, along with NBC’s CEO Jezz Zucker, have made no attempts to remain neutral in the media or to put a stop to the vicious anti-conservative hate speech like what you see in the video above. In fact, it has been recently reported that Immelt and Zucker have told CNBC personnel to stop criticizing Obama and his economic policies. It seems the GE family is intent to promote Obama at all costs, and the rest of us are left wondering why.

But get this. GE appears to be on the verge of a major payoff from Obama’s and the Democrat’s liberal agenda. GE is lobbying strongly for more bailout money, as well as the passage of cap and trade legislation currently in Congress. Apparently GE has set up a joint venture where they stand to make hundreds of million, if not billions, from cap and trade policy. Essentially we have a powerful company that controls a major section of the American media using its resources to get a particular agenda passed in order to reap gigantic profits. Does anyone see the problem with this?

And here is the problem with a big government. The federal government in the United States no longer sets the parameters for the free market to operate. It has become a major player in it. While the government intrudes into every sector of the market, politicians begin to have greater influence in its outcome. In a true free market system, a failing company like GE (whose stock as fallen an unprecedented 70% under Immelt, who amazingly still has a job) would either have to fix whatever is wrong with it or fail. But not in a market that is dominated by the federal government. In addition to receiving tax payer bailout money, GE instead has chosen to use its money and media influence to promote politicians whose liberal agendas so heavily alter the market that GE can reap astronomical profits from it. That is not fair.

This whole things stinks. Government intrusion in the free market, GE using its puppet news outlet NBC to promote agendas it stands to profit from, the fact that NBC/MSNBC/CNBC are so in the tank for a political party at all…it all stinks.

One thought on “GE and Obama: A Case Study in the Corruption of Big Government

  1. “The federal government in the United States no longer sets the parameters for the free market to operate. It has become a major player in it.”
    I would change “a major player” to “the major player.” This historically has not been a good idea. Central planning does not create the desire that is needed to innovate. 4 dollars per gallon will create that drive.
    My guess is that the billions of dollars that were tied up in oil by investors that wanted to see change in the U.S. could no longer stay there. They wanted to get in on the green technology instead of taking massive losses on oil. These people will use markets to manipulate the political process. Nothing would work better than to have oil at 4 dollars.
    Think that this is just a conspiracy. MSNBC, during the summer prior to the election, had analysts on their stock market show “Fast Money” saying that the price per barrel could get up to over 200 dollars all the while Steve Forbes was thinking it was crazy that it was over 40 dollars a barrel. The crazy thing is that MSNBC got caught by John Stewart of all people. They were publicly chastised by him for encouraging the manipulation of the markets.
    But here is where it gets tricky. I would like to see more green initiatives. I would like to see our transportation system revolutionized. But I think that blaming right-wingers for pollution is unfair. For instance, I think it is a joke that most “green” people live in California yet sit in their cars 4 hours a day burning the most fuel out of any Americans. They are also the ones that do the majority of the flying, going back and forth from New York to L.A., from L.A. to the rest of the world, yet they want to complain about a guy in a small town of the Midwest who wants to drive pick-ups for a block or two. Give me a break.

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