[iowamark]

Washington Post: How a Loophole Benefits GE in Bank Rescue- 06.29.2009

[Carley]

Other than the pimps on CNBC most folks criticized this latest outrage by the O administration.

[SumProVita]

Indeed! It smells to high heaven....

[mewzilla]

Paging all the lefties who were having a cow about Halliburton...

[bigbob]

Nobody has done a better job of killing American jobs, shortchanging the future of American communities, and putting the burden of paying for the communist takeover of the US economy onto future generations than Jeffery Immelt. So why would the Obama Regime NOT want this man as a major influencer?

I wish Jack Welch would step up and admit that putting Immelt at the head of GE was the biggest mistake of his life.

[PIF]

And coincidentally, on the same day GE announces a joint venture partnership of its jet engine division with China's Avix ... for those who do not know: any company doing business in China must hand over all its proprietary stuff - like Microsoft had to hand over its Windows source code.

GE will now be doing the same with its jet engine tech. China's efforts to build fighter aircraft (comparable to western fighters) has been held back by its inability to build comparable jet engines - relying on Russian imports and homemade knockoffs.

The much discussed J20 Chinese stealth fighter will now be able to field engines comparable to the best the US has in use: the F-22, F-35, and others fighters.

This deal is like Loral allowing the Chinese to ‘find’ the guidance system in a rocket launched and crashed in China under Clinton. Thus giving the Chinese accurate ICBM guidance and the ability to target US cities.

The recent visit by Hu was merely the formalizing this huge tech transfer. And the appointment of this Obama-worshiping character is nothing more than the payoff.

[freekitty]

I believe it. GE is all to willing to prove how sleazy they are. We already know Obama is.

[PGalt]

Neo-fascists

[MsLady]

It stink’s like yesterday’s diapers. Immelt can’t even run GE well. From my understanding, it’s lost about half of it’s worth since he took it over. This is all being done for show, most people I would think don’t even know who Immelt is or what he’s trying to do to our economy in order to help himself. And what will happen to our environment with his stupid mercury filled light bulb.

[FromLori]

A Brief Tally Of Immelt’s Catastrophic Job Creation Skillz

http://www.zerohedge.com/article/brief-tally-immelts-catastrophic-job-creation-skillz

[PGalt]

At zerohedge...”A Brief Tally Of Immelt’s Catastrophic Job Creation Skillz”...

http://www.zerohedge.com/article/brief-tally-immelts-catastrophic-job-creation-skillz#comments

Thanks to Tyler Durden and the outstanding posters at zerohedge.

[SueRae]

mega-ping. Thanks!