Posts Tagged ‘Jeffery Immelt’

GE To Make BILLIONS From Obama Cap and Trade Scheme

Thursday, April 23rd, 2009

Breaking: O’Reilly reports that General Electric in the position to make billions from Obama’s Cap and Trade scheme and is lobbying heavily for it’s passage. Not only are they the largest wind turbine generator maker, they are going to profit heavily from the “cap and trade” credits as possibly the sole “secoindary market’ trader of these credits. Now do you understand the main stream NBC, MSNBC, CNBC fully supporting the Obama agenda, and the hate-filled, anti-conservative spew from their networks.

On tonights “The Factor”, O’Reilly reported that GE is embroiled in what perhaps could be the largest scandal in the history of this nation. Currently, GE and CEO Jeffery Immelt have spend millions in lobbying efforts to assure the passage of this dasturdly “cap and trade” proposal. And, as evidenced from the Shareholders meeting in Orlando, Immelt wasn’t in the mood for the boo’s and the questions that exposed the media bias from NBC and MSNBC (and CNBC) and their total shift from objective reporting to nothing but pure bias toward the Obama administration and their “cap and trade” scheme.

Then Janeine Garafalo did her “hit shtick” on Olberman’s show earlier in the week, it was obvious that his entire lack of response to her diatribe was in full support of GE corporate policy and Olberman was being the compliant little prick he is and following the company line. It is OBVIOUS as the nose on anyone’s face that the NBC networks, that includes MSNBC and CNBC are totally pro-Obama agenda driven, and are using the bully pulpit to promote his legislative proposals. In the back of my mind, I knew deep down that General Electric, as owner of the NBC network,  was fully supporting Obama, was instrumental in his election, and had something to gain. However, I never quiet made the connection as reported tonight.

Under the Obama plan, the “cap and trade” credits will be issued to all producers of energy. GE is the largest manufacturer of wind turbines as well as other electical generation turbines used in coal, gas, atomic, and hydroelectic electricity generation facilities. With the Obama plan, those cap and trade credits would be issued by the Federal Government, and ultimately, traded just like any stock or bond. GE has apparently, created and entire unit with the Corporation that would deal in the Secondary Market trading these credits. First, they are going to take in billions of dollars from government contracts in wind energy. Second, they perhaps are going to have exclusive control over the secondary market for these cap and trade credits. That, in effect, puts GE in the catbirds seat for all energy produced in this nation as ALL “carbon emission” energy sourced are going to be subject to these carbon schemes. This includes ANY oil related, natural gas related, gasoline, diesel, and any other manufacturer that uses any petro-based  component. That means every single plastic container, every car, every chemical fertilizer, every pesticide, every single thing you use will be subject to this scheme as it too, is made from a carbon based material.

Also reporting on this is Amy Ridenour on her National Center Blog. A brief section of her post is as follows:

It’s no wonder GE is defensive, however. As Tom’s pointed questions, and Bill O’Reilly’s comments tonight on the Glenn Beck TV show (“We’re in an area right now that makes Watergate look like a Shirley Temple movie.”) illustrate, the best that can be said about General Electric is that it is hip deep in conflict of interest. It’s running TV networks that prop up liberalism, the global warming issue and Obama, while privately lobbying hard for cap-and-trade, from which it intends to profit heavily.

There can be no doubt that GE is up to it’s neck in this scandal. It is further evidence that WE THE PEOPLE of this nation are going to have to quit sitting still and allowing this huge, overblown government from dealing with GE for any contracts awarded to them for anything. Face some realities- GE is one of the governments largest contractors and they are going to get billions and billions more under the Obama plans should they become law. This, with no words minced, is an OUTRAGE to the foundation of this nations Constitutional government. Additionally, GE employees contributed to Obama’s campaign, close to $98,000 while NBC employees contributed close to $194,000. (For reference, the McCain camp only received donations close to $55,000 from GE/NBC employees according to OpenSecrets.org) They heavily invested in his election and the desire for his climate change initiatives to become law for a very selfish reason- massive profits.

There can be no doubt that the very reason NBC, MSNBC, and the MSM is fully supporting the “settled science” on climate change is GE profit driven. They stand to make BILLIONS from the promotion of the scam on the American people and the world. It is also no wonder that they fail to report the empirical data studies that are refuting the idea that CO2 is the evil climate change culprit. It is no wonder that GE is spending the millions in lobbying efforts for support of the legislation that makes CO2 an evil thing that only they can resolve. This collusion of GE and the United States government is heading down the road as the largest scandal in American history. If you aren’t outraged now, then please, find another Socialist nation to live in. I don’t plan to go down without a fight.

Now, more than ever, your help is needed. In the upper right navigation bar is a link to a Petition for Redress of Grievances. Now is the time to sign it, and to support this grassroots effort to let Congress know that we are not happy with this massive expansion of government and that “WE THE PEOPLE” are going to take back our nation from the GE’s and the scandalous lobbying for government deals gone out of control. Unless you do something, then nothing is going to happen. Your voice matters and it’s not necessarily at the ballot box either. Our founders understood that and gave  us that right in our Bill of Rights. Don’t sit on the side lines and let this nation be over-ran by the Socialist/Statists/Fascists in power. It’s time to take action now since to do otherwise is going to cost you, your family, and your kids and grandchildren for the rest of their lives.

I wonder, since it appears that Al Gore is going to be cut out of this deal, will he NOW release new information that reports “global cooling” is NOW the greatest threat to the world? I imagine that he will very soon. Money talks in Washington as the American people are getting the screwing they elected in November. Now, once again, I told you so.

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