The infuriating corruption of Obama and his corporate cronies knows no bounds....
(CNSNews.com) - The Obama administration gave corporate giant General Electric—the parent company of NBC--$24.9 million in grants from the $787-billion economic “stimulus” law President Barack Obama signed in February 2009, according to records posted by the administration at Recovery.gov.
Despite getting $24.9 million from U.S. taxpayers, GE decreased its U.S.-based employees by 18,000 in 2009, according to the company’s 2009 annual report.
According to Standard & Poor's, GE took in $156 billion in revenue in 2009.
You should recall that GE was/is managed by Obama-lick spittle Jeffery Immelt. GE is also the parent company of NBC, the most liberally polluted "news" organization in all the world. Never let it be said that Obama didn't take care of the people who take care of him by funneling taxpayer money to their companies.
For the federal government to ever, EVER rescue any private company, I don't care whether it's a car company, bank, or pop sickle stand, is absolutely unconstitutional and is in opposition to the cornerstone of America....capitalism and the free market.
GE made $156billion in '09, the same year Obama forked over $24.9million of money taken from taxpayers, and GE still outsourced 18,000 jobs to India, China, Mexico, or wherever. You'd think the lapdog media would have something to say about this administration's hypocrisy but they will never abandon The One, they have too much personally invested in his success methodically dismantling the republic piece by piece.