Friday, September 18, 2009

Obama and Jeffrey Immelt, Conflict of Interest?

President Barack Hussein Obama has as one of his advisors Jeffrey Immelt the CEO of General Electric.Immelt was recently named to the board of the Federal Reserve Bank of New York.

General Electric is a conglomerate and is the parent company of NBC, MSNBC and CNBC.GE has a finance arm through GE Capital; the company also makes light bulbs, windmills, turbines, locomotives etc. along with medical equipment. His company benefited through the bank bailout, yet GE capital canceled consumers credit cards, and reduced the credit limits on other consumers’ cards even though the cardholders were not behind on their payments.

Jeff Immelt and General Electric stand to make a lot of money with the initiatives Obama wants to get passed such as, the Cap and Trade and Healthcare legislation.

Jeff Immelt and GE have set up satellite offices in Europe in order to trade with Iran. There are rumors that GE technology is being used in IED’s (roadside bombs), which are killing American soldiers. Eric Holder, the US Attorney General, would be responsible for the investigation of GE and the roadside bombs. Holder is calling for an investigation of the CIA regarding the interrogation of terrorism suspects after 9/11, which has already been investigated. Holder stated as Attorney General he has the obligation to follow the law. So, will he call for an investigation of GE?

The so-called mainstream media like NBC, shows their media bias towards the left. The news media is supposed to be objective and be the watchdogs over government. Therefore, what kind of objective reporting do you think NBC has done and will do on the Obama administration? Is this a conflict of interest?

Greg Zotta

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