GE Profit Drops 46 Percent
In a discouraging report for the American economy, General Electric Co. posted a 46 percent drop in fourth-quarter earnings on Friday and warned of a "tough environment" this year as it struggles with its ailing finance business.To quote Mark Steyn's brilliant essay on previous reports of fresh disaster, "Hey, that's great news, isn't it?"
It is according to what GE's more public representatives have told us.
In November of 2007, one of the conglomerate's television networks urged us to turn off our lights (manufactured by GE) for the environment. Six months later, Barack Obama surely gave a tingle up the collective leg of one of their other television networks when he told told voters:
"We can't just keep driving our SUVs, eating whatever we want, keeping our homes at 72 degrees at all times regardless of whether we live in the tundra or the desert and keep consuming 25 percent of the world's resources with just 4 percent of the world's population, and expect the rest of the world to say you just go ahead, we'll be fine."And at the start of 2008, the spouse of his leading opponent in the Democratic primaries was quoted as saying:
We just have to slow down our economy and cut back our greenhouse gas emissions 'cause we have to save the planet for our grandchildren.Mission accomplished!
Article printed from Ed Driscoll: http://pjmedia.com/eddriscoll
URL to article: http://pjmedia.com/eddriscoll/2009/1/23/ge-profit-drops-46-percent