Belmont Club

By Richard Fernandez

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In God We Trust; All Others Must Pay Cash

August 31, 2010 - 12:14 pm - by Richard Fernandez
Peter Grynch
2010-08-31 13:43:38

During the presidential campaign, Jeff Immelt, CEO of General Electric which owns CNBC (the financial network) called all the commentators of CNBC into a meeting and said “Don’t you guys think you are being too critical of Candidate Obama?”

GE was hoping to make billions from Obama’s Green Pork initiatives.