Posted by
Rajjpuut's Folly on Wednesday, September 09, 2009 2:08:04 AM
Let’s call spades: spades . . . racketeering, influence peddling, and journalistic conflict of interest is going on.
In the most blatant and shameless sell-out in American journalistic history, Barak Obama now “owns” MSNBC journalistic coverage of Himself and scratching the back that scratches his: General Electric (GE: MSNBC’s parent company) now “owns” the inside track on all cap-and-trade contracts; global warming contracts; green job contracts; and, oh yes, bailout money for the nearly bankrupt** General Electric during the Obama administration. GE, of course, has already received $139 Billion dollars in federal bailout funds for its financial arm. While it may have been obvious during the presidential campaign that MSNBC news was incapable of mouthing anything less than glowing praise for Barak Obama . . . their closet relationship has come out into the open courtesy of a leaked memo General Electric Vice Chairman John G. Rice wrote in an Aug. 19 e-mail to his colleagues at GE. First a bit of background . . . .
It appears that this “open scandal” is no surprise to anyone. The other liberal-leaning networks aren’t commenting and only party-pooper conservative channel Fox News is on the scent. It’s so blatant that Barak Obama himself made light of it at the Radio and TV correspondent’s dinner when he said, he was trying to come up with ideas for his comments at the gathering and couldn't sleep. But suddenly he knew where to go for help. He just rolled over in bed and asked Brian Williams what he thought.
If you watch political news at all, it’s no secret that the Fox Network is on Barak Obama’s enemies list; and that MSNBC, owned by GE, is easily the most pro-Obama TV news department in the whole country. In a land of left-leaning antennae, MSNBC could just as well change its name to the “Barak Network” and no would notice.
There was one instance during the presidential campaign and another in March of 2009 when some of their CNBC financial analysts began criticizing Obama and his proposed programs (“a spending spree” according to one man) the typical government spending boondoggles GSBs liberals are famous for. Virtually immediately GE CEO Jeff Immelt and NBC President Jeff Zucker both dropped in on aforesaid commentators to inform them as to the weather: “Boys, this is how the wind blows around here . . .” Apparently the “re-orientation chat” worked. Since that time criticism, even subtle criticism of Obama the candidate or Obama the president has been non-existent. Their bias for Obama had always been outrageous, but today Zucker and Immelt have become Obama’s trick ponies and President Obama is deified at least three times daily on each NBC affiliate company. Other than Obama getting unlimited use of NBC teleprompters during the campaign and later as president, no one could be sure exactly what the tie in was. Up till late August the nature of their “pact” was still anybody’s guess. Let’s look at three examples of the suspicious nature of the relationship:
1. GE is relying on the Obama administration to come through on a promise that all American health records could by law only be computerized with GE and its supposedly “superior technology” having the inside track for a contract that would bring in billions. When word of this “cozy relationship was first aired in early August, Obama began showing a bit less favoritism at news conferences and even invited ABC in to tour the White House. Instead of a whole slew of government contracts, however, GE might be cruising for a bruising. Fox commentator Bill O’Reilly opined recently that any important contract for GE
“would make Watergate look like a Shirley Temple movie.” If that is the case, then one video clip that will make every highlight reel will be Kareem Dale (Special Asst. to Obama) smiling, “At the White House, as we always like to say, we love MSNBC.”
2. GE appointed former Senator Tom Daschle to its health advisory board. Daschle, President Obama's nominee for secretary of Health and Human Services until a tax scandal derailed him, has strong connections to the Obama White House. So obviously there is a huge potential conflict of interest here. NBC News is in on the take for Obama, even as GE, the parent company, is aiming to corral billions from the federal government. Hard to believe that MSNBC has only run positive spin stories on Obamacare for the last 11 ½ weeks isn’t it? NBC, was once renowned for the high ethical tone of its (liberal) news coverage but now with Zuckerman, Immelt and Daschle running point for the news gatherers, all you can hear is poisonous left-wing fanaticism supporting the president unerringly. Literally, sneezing or partial eye-rolling while reporting an Obama story is now a capital offense at NBC.
3. GE, the once mighty Dow Jones Smokestack America Industrial giant who’s dividends were all any frugal retiree every needed, is now moving toward penny-stockville. To arrest that slide they have created a whole new strategy arm called “Ecomagination” which is plotting to win a wide array of ecology-themed contracts associated with global warming, green-tech, and cap and trade legislation. It all comes down on the “Obama connection,” will the president come through?
The connections that were assumed are now obvious, the August 19 e-mail memo from GE Vice Chairman Rice made it all official . . . .
"The intersection between GE's interests and government action is clearer than ever," Vice Chairman John G. Rice wrote in his August 19, 2009 e-mail to colleagues. He was calling on all GE people and GE subsidiary people to join GEPAC, the General Electric Political Action Committee. "GEPAC is an important tool that enables GE employees to collectively help support candidates who share the values and goals of GE,” that is, as the e-mail continued sharing the values and goals of GE means “support for policies that profit the company.”
Rice continues by getting specific about climate change, "we were able to work closely with key authors of the Waxman-Markey climate and energy bill, recently passed by the House of Representatives. If this bill is enacted into law it would benefit many GE businesses."
GE has put almost all its eggs into the Waxman-Markey basket. W-M would profit GE Greenhouse Gas Services, which deals in greenhouse gas credits, products that have value only if a cap-and-trade bill like Waxman-Markey passes. That is if W-M fails, GM is up the creek. Rice did not pull any punches, "Our Company is heavily impacted by a number of issues pending in Washington this fall.”
GE spent more on lobbying in the second quarter of this year than did any other company, according to federal lobbying files. Since 1998, GE has been the king of lobbying expenditures, according to the Center for Responsive Politics, outpacing its runner-up by 40 percent. Tying the lobbying and PAC effort together, Rice said, " . . .we must also make sure that candidates who share GE's values and goals get elected to office . . ."
Six House members have received more than $4,000 from GEPAC this cycle -- all Democrats -- Representative John Murtha, D-Pa., faces an extra rough re-election in 2010, courtesy of accusations that he used his chairmanship on the Defense Appropriations subcommittee to benefit campaign supporters, other donors and patrons. GE is a defense contractor, of course.
The other big recipients are all incumbents in powerful positions, presumably safe for now: House Speaker Nancy Pelosi, Budget Committee Chairman John Spratt, House Majority Whip Steny Hoyer, Ways and Means member Richard Neal, who chairs the subcommittee on Select Revenue Measures, and key appropriator Norm Ducks**. This year two-thirds of GEPAC money has gone to Democrats, but during the 2008 elections, recipients were pretty equally divided.
Why would GE give $15,000 to every senatorial candidate in the last election. Obviously, it was not because they cared so much who won, but rather because this way they had an “in” with the winner, whoever he/she was. The process is called “Rent-Seeking” which means: Lobbying and contributing to campaign funds so that favorable government legislation or regulation; or defeat of unfavorable legislation or regulation happens precisely in the manner most calculated to generate huge profits for the company which ordinary free market interchanges could never provide.
It’s a fact of life in Washington, D.C., and GE is playing the game for high stakes with its presidential stooge benefitting from the firm's (via NBC) unfailing support over the airwaves. A $15,000 contribution to both horses in a two-horse contest may cancel each other out, but they work fine if what you’re really paying for is the “ear” of a congressman. But the stakes look much higher this time.
How crucial is Waxman-Markey to GE, and by extension to, NBC? Follow the money. Follow the money. Follow the money. Follow the money. Is $100,000 too much to pay for a congressman to vote for the most evil and anti-American legislation in history? Count on once mighty GE to ante-up however much it takes . . . .
Ya’all live long, strong and ornery,
Rajjpuut
ps: If you buy GE products or watch NBC in any of its cable or network variations: you’re supporting the power behind Barak Obama which maybe is NOT what fiscal-conservatives, Libertarians, Republicans and Independents really need to do.
** the Townhall program's censor wouldn't let me call him by his right name, sorry