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Political Off Topic GE Gets $25M in 'Stimulus,' Cuts 18,000 Jobs...
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Author | Topic: GE Gets $25M in 'Stimulus,' Cuts 18,000 Jobs... |
BeWare POA Site Supporter Prowler Junkie From:Acworth , Georgia , USA |
posted 10-12-2010 01:19 PM
Obama Administration Gave General Electric—Parent Company of NBC--$24.9 Million in ‘Stimulus’ Grants Monday, October 11, 2010 By Fred Lucas (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. GE was the primary recipient of 14 stimulus grants, a spokeswoman for Recovery.gov confirmed to CNSNews.com. These 14 grants provided GE with $24.9 million in tax dollars. On four additional stimulus grants, the primary recipient of the federal money hired GE as a contractor. Recovery.gov is the administration’s website that tracks stimulus expenditures. At the end of 2008, GE employed 152,000 U.S. workers, according to its 2009 annual report. But at the end of 2009, according to the report, it employed only 134,000 U.S. workers, a decline of 18,000 workers. The Energy Department provided GE with 9 stimulus grants, the Department of Health and Human Services provided the company with 3, and the Justice Department and the Commerce Department each gave the company 1 stimulus grant. All of these federal stimulus grants went to GE’s Global Research Center. The earliest of the stimulus grants went to GE in July 2009 and the latest in April 2010. CNSNews.com asked a GE spokesperson if the company contested Recovery.gov’s representation that GE had received 14 stimulus grants worth $24.9 million, and also whether the company now employed more or fewer workers as a result of receiving the grants. In an e-mail response, GE spokeswoman Anne Eisele said, “I’m afraid I must politely decline to comment.” What did all the money to GE go for? Recovery.gov posts brief explanations of each grant. For example, the Department of Justice gave GE $999,955 in stimulus money. “The goal of this program,” said Recovery.gov, “is to develop a comprehensive reasoning system for event and scenario recognition for an intelligent video system.” In addition to the $24.9 million it received in stimulus grants, GE was also awarded $5 million in federal contracts under the economic stimulus law. These contracts were payment for services provided by the company |
heynow14 POA Site Supporter Prowler Junkie From:Waterford,Mi USA |
posted 10-13-2010 12:09 AM
You mean when you give money/tax breaks to wealthy corporations you expect them to hire people? Prime example of why tax cuts for the rich and corporate welfare does not work. ------------------ |
ed monahan POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 10-13-2010 01:05 AM
And yet that idiot you voted for gave them the $. Even you are smarter than him but he doesn't care. |
ALLEY CAT POA Lifetime Site Supporter Prowler Junkie From:mesa, az, USA |
posted 10-13-2010 07:58 AM
quote:
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BeWare POA Site Supporter Prowler Junkie From:Acworth , Georgia , USA |
posted 10-13-2010 08:15 AM
quote: So if I read your post correctly you were against bailing out GM, Chrysler, Fannie Mae and Freddie Mac just to name a few. If that is the case are you then implying that your guy in the White House screwed up with the stimulas money? Just asking. |
heynow14 POA Site Supporter Prowler Junkie From:Waterford,Mi USA |
posted 10-14-2010 12:20 AM
TARP was signed into law by GWBush. Are you saying he screwed up? ------------------ |
ed monahan POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 10-14-2010 12:51 AM
Do you get dizzy from all the spinning? Locally, the national Dem party pulled $5 million from the re-elect Driehaus to Congress campaign. The Dems fooled the locals 2 years ago, ain't happenin again. B.O. is sending Michelle out to campaign since no one wants HIM around. He told the local black voters not to make him look bad. hahahaha. I think he took care of that himself. |
heynow14 POA Site Supporter Prowler Junkie From:Waterford,Mi USA |
posted 10-14-2010 01:12 AM
How is that spin? ------------------ |
BeWare POA Site Supporter Prowler Junkie From:Acworth , Georgia , USA |
posted 10-14-2010 08:05 AM
Robert, I have already said on many previous posts that yes George Bush screwed up on a lot of things. I have yet to hear you say a Democrat has screwed up on anything. And I probably never will. Typical liberal ploy answer a question with a question. This message has been edited by BeWare on 10-14-2010 at 08:11 AM |
ed monahan POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 10-14-2010 11:34 AM
the thread is about Stimulus money. you pointed out that giving money to corporations doesn't work. Obama gave out the ALL the stimulus money and you are still blaming Dubya. THAT IS HOW IT IS SPIN. |
heynow14 POA Site Supporter Prowler Junkie From:Waterford,Mi USA |
posted 10-15-2010 02:02 AM
Your'e blaming Obama for the TARP bill that Bush signed. So how is that Obama's fault? If the repugs would quit blaming Obama and work with him to get this economy straightened out we would all be better off. ------------------ |
idive POA Site Supporter Prowler Junkie From:Texas USA |
posted 10-15-2010 02:32 AM
What was the date TARP was signed? |
heynow14 POA Site Supporter Prowler Junkie From:Waterford,Mi USA |
posted 10-15-2010 02:49 AM
I believe it was 10/3/2008. ------------------ |
ed monahan POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 10-15-2010 04:18 PM
quote: Why does he need the Republican's co-operation? He has enough votes to run anything through? Oh, that's right, some of those weasel Dems are not voting with him. They must really be lowlifes. lol |
heynow14 POA Site Supporter Prowler Junkie From:Waterford,Mi USA |
posted 10-19-2010 12:24 AM
http://www.youtube.com/watch?v=YsDmPEeurfA&feature=player_embedded ------------------ |
ed monahan POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 10-19-2010 01:29 AM
That was over 2 years ago. The SAVIOR had all the answers then. No solutions since then. It was a Dem Congress that approved TARP, too. Unemployment has gone up since the SAVIOR took office. He has solved nothing, the economy is worse and debt has skyrocketed (plus I am not getting a cost of living increase on my Social Security, lol). Why doesn't he do SOMETHING !!!!! He was a genius in 2008, not looking so bright this year. |
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