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General Electric: Most Corrupt Corporation in America?

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  • General Electric: Most Corrupt Corporation in America?

    General Electric got more bank bailout funds than Bank of America, Wells Fargo or any other bank in the U.S. But, it only owns two very small community banks--not in trouble. This was a $30 billion transfer from the taxpayers to GE.

    GE officials gave hundreds to thousands to Barack to run for President, supported his takeover of the health care industry, supported the theft of money from the bank accounts of hard working Americans to create a slush fund for special interests, unions and BO supporters--this called the "stimulus" package.

    Now we know the General Electric is using its relationship with Obama to kill its competitors.

    Obama issues global warming rules in January, exempts GE-powered plant in February.

    "This week, the EPA issued its first exemption, Environment & Energy News reports:

    The Obama administration will spare a stalled power plant project in California from the newest federal limits on greenhouse gases and conventional air pollution, U.S. EPA says in a new court filing that marks a policy shift in the face of industry groups and Republicans accusing the agency of holding up construction of large industrial facilities.

    According to a declaration by air chief Gina McCarthy, officials reviewed EPA policies and decided it was appropriate to "grandfather" projects such as the Avenal Power Center, a proposed 600-megawatt power plant in the San Joaquin Valley, so they are exempted from rules such as new air quality standards for smog-forming nitrogen dioxide (NO2).

    There's something interesting about the Avenal Power Center:

    The proposed Avenal Energy project will be a combined-cycle generating plant consisting of two natural gas-fired General Electric 7FA Gas Turbines with Heat Recovery Steam Generators (HRSG) and one General Electric Steam Turbine."


    Government is corrupt and incompetent. This exemption is no better than a Chicago style payoff.

    Obama may be the sleaziest occupant of the White House ever. He steals from the poor and gives to the unions and his donor friends.

    Sick. Obama, you can't buy him, he is only for rent.



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