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Ed Driscoll

GE: We Bring Bad Karma to Life

April 24th, 2014 - 11:56 am

“General Electric to investors: Obamacare is hurting our medical business,” Patrick Howley writes at the Daily Caller:

General Electric is telling its investors that Obamacare is to blame for recent losses in the company’s health care division, The Daily Caller has learned.

“Hospitals and clinics appear to be delaying purchases and responses to the ACA [Affordable Care Act],” stated GE senior vice president and CFO Jeffrey S. Bornstein in the company’s first-quarter earnings call.

General Electric CEO Jeffrey Immelt, an outside economic adviser to President Obama, confirmed at a shareholder meeting Wednesday that the health sector is experiencing uncertainty.

Asked at the meeting about Obamacare’s impact on the company’s earnings, Immelt responded, “I think there’s still a lot of uncertainty in health care and we’ll just have to see that over time.”

But what’s causing the uncertainty? Not knowing from day to day what the “law” will be it comes to Obamacare — because the “law” is whatever Barry says it is that day. But who went all in from 2009 until it divested itself of its television division last year to promote Obamacare? Why…GE, which co-owned NBC, CNBC, and MSNBC, the latter of which went out of its way — and is still going out of its way — to smear any opponent of Obamcare as racist. Including this classic disaster from 2009:

On Tuesday, MSNBC’s Contessa Brewer fretted over health care reform protesters legally carrying guns: “A man at a pro-health care reform rally…wore a semiautomatic assault rifle on his shoulder and a pistol on his hip….there are questions about whether this has racial overtones….white people showing up with guns.” Brewer failed to mention the man she described was black.

Following Brewer’s report, which occurred on the Morning Meeting program, host Dylan Ratigan and MSNBC pop culture analyst Toure discussed the supposed racism involved in the protests. Toure argued: “…there is tremendous anger in this country about government, the way government seems to be taking over the country, anger about a black person being president….we see these hate groups rising up and this is definitely part of that.” Ratigan agreed: “…then they get the variable of a black president on top of all these other things and that’s the move – the cherry on top, if you will, to the accumulated frustration for folks.”

Not only did Brewer, Ratigan, and Toure fail to point out the fact that the gun-toting protester that sparked the discussion was black, but the video footage shown of that protester was so edited, that it was impossible to see that he was black. The man appeared at a health care rally outside of President Obama’s speech to the Veterans of Foreign Wars in Phoenix, Arizona.

Last year, GE, employing the voice and face of actor Hugo Weaving, reprising his role as Agent Smith from the 1999 film The Matrix, was comparing its healthcare division in advertisements to the all-seeing electronic agents who guard the otherwise inescapable cybernetic Matrix, which has entombed mankind. As I wrote at the time, “No, That’s Not Creepy At All” for GE to build a TV commercial around this theme:

I know Agent Smith is a beloved baddie, much like Darth Vader from the Star Wars movies; as James Lileks once quipped, Smith, as portrayed by Weaving, is akin to the characters portrayed by Tony Roberts in Woody Allen’s earlier, funnier movies such as Annie Hall and Play it Again, Sam — the only non-neurotic in the film; the only character having any fun. But given how deeply GE is plugged into the Obama Gleichschaltung, that’s quite an…interesting choice for GE’s healthcare spokesman.

Beginning around 2007, strange messages started emerging from GE and the television networks it owned at the time. First GE, which makes it’s money selling, among other things, light bulbs, told us that we all needed to turn ours off, for the good of the planet. The following year, the large conglomerate got deeply into bed with first candidate and then President Obama; NBC and (particularly) MSNBC are essentially a de facto propaganda wing of the administration, to the point where the White House has emailed in “corrections,” which were read on the air by the latter network.

At the beginning of the Obama administration, GE CEO Jeff Immelt was appointed to the President’s Economic Recovery Advisory Board, presumably helping to see the administration’s now annual “Recovery Summer” debacle, leading near monthly “unexpected” bad economic news.

Patrick Howley of the Daily Caller noted above that when asked at the shareholder meeting “about Obamacare’s impact on the company’s earnings, Immelt responded, ‘I think there’s still a lot of uncertainty in health care and we’ll just have to see that over time.’”

Comments are closed.

Top Rated Comments   
Immelt is an A-hole. If GE's bottom line had improved due to DemocratCare, he'd be praising it to the sky and egging the Democrats on to socialize more of every American's life.

Screw Immelt, GE, and every individual and company that supports suffocating the liberty of Americans. GE can go to hell -- I couldn't care anymore if they went kapput.
25 weeks ago
25 weeks ago Link To Comment
We are observing a repeat of history. German industries such as Messerschmidt and Henckel (aircraft manufacturers) got in bed with Hitler just as GE and GM have got in bed with Obama. This is fascism (crony capitalism) at its best (worst?).
25 weeks ago
25 weeks ago Link To Comment
Do no business with GE.

I buy no GE products. I tell everyone that I will not purchase GE products. Everyone.

Buy nothing with "GE" on it.
25 weeks ago
25 weeks ago Link To Comment
All Comments   (27)
All Comments   (27)
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25 weeks ago
25 weeks ago Link To Comment
Crony Capitalism = Fascism. What else is new?
25 weeks ago
25 weeks ago Link To Comment
Obama (and FDR before him) wants the power to do whatever he wants, whenever he wants to do it. That is the definition of capriciousness. That is the whim of men, and is the opposite of the rule of law.
*That* is why there's so much economic uncertainty...it is by design.
25 weeks ago
25 weeks ago Link To Comment
What's good for [insert company name here] is good for America.
Might I suggest reversing the rationale, at least to some extent.
25 weeks ago
25 weeks ago Link To Comment
Methinks that GE CEO Jeff Immelt underestimated the uncertainty of candidate and then President Obama to act predictably (by GE standards).
When you get in bed with a political figure, it doesn't mean you don't get screwed.
25 weeks ago
25 weeks ago Link To Comment
Somebody at GE miscalculated. If I must buy short-lived corkscrew fluorescent bulbs, I don't have to buy the overpriced Chinese made GE-branded ones. There are other, less-pricey brands.
25 weeks ago
25 weeks ago Link To Comment
Not sure what GE was aiming at pushing high efficiency light bulbs, but they seem to AWOL in lamp technology these days.
25 weeks ago
25 weeks ago Link To Comment
Immelt is an A-hole. If GE's bottom line had improved due to DemocratCare, he'd be praising it to the sky and egging the Democrats on to socialize more of every American's life.

Screw Immelt, GE, and every individual and company that supports suffocating the liberty of Americans. GE can go to hell -- I couldn't care anymore if they went kapput.
25 weeks ago
25 weeks ago Link To Comment
"Screw Immelt, GE, and every individual and company that supports suffocating the liberty of Americans. GE can go to hell -- I couldn't care anymore if they went kapput.[sic]"

The 300,000 employees of GE who generate $146 billion revenue per year were not available for comment. Probably because they're all out looking for jobs after the company went "kapput."

Good way to maintain your perspective.
25 weeks ago
25 weeks ago Link To Comment
Once again the truth of an old proverb is confirmed:

Quien con perros se echa, con pulgas se levanta.
If you lie down with dogs, you will rise up with fleas.
25 weeks ago
25 weeks ago Link To Comment
We are observing a repeat of history. German industries such as Messerschmidt and Henckel (aircraft manufacturers) got in bed with Hitler just as GE and GM have got in bed with Obama. This is fascism (crony capitalism) at its best (worst?).
25 weeks ago
25 weeks ago Link To Comment
Yep. Just like Chrysler (M-1 Abrams) and Boeing/McDonnell Douglas (F-15) and General Dynamics/Lockheed/Martin (F-16) were "in bed" with Bush '43 during the Iraq war.

Yep. Youse guys really need to maintain your perspective here. :-/
25 weeks ago
25 weeks ago Link To Comment
One difference is that the government was buying "things" from those companies. Now, they are attempting to warp the market to tilt it in favor of their friends using other people's money.

Or, if we look at one of the crony capitalism failures, what exactly did the American people get out of the $500 million that Solyndra flushed in exchanges for the bundling of a few hundred thousand dollars for Obama's campaign. http://www.washingtonpost.com/politics/specialreports/solyndra-scandal/

I know, it's not a scandal. Neither is Benghazi. Nor is Fast and Furious. Nor is the bumbling of healthcare.gov. Nor is the IRS targetting of conservatives. None of it is a scandal, it's just simple incompetence, right? Or a little graft, but not a smidgeon of corruption.
25 weeks ago
25 weeks ago Link To Comment
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