Monday, June 29, 2009

GE? That GE?

The Washington Post reports today that GE is now the biggest beneficiary of the governments "rescue" plan for banks. GE? You mean, the GE whose CEO is Jeffrey Immelt? You mean the Jeffrey Immelt who is also one of Obama's financial advisers and ardent supporters? You mean the GE that owns NBC and MSNBC? So when we watch the news on those networks it's being paid for by money from the government? Yes, that GE and that Jeffrey Immelt.

I suspect that this type of incestuous corruption has existed to varying degrees for years in Washington. Now, however, there is apparently no effort to even cover it up. That does not bode well for the rest of the country.

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