OH SO OBVIOUS of Jeffery Immelt of MSNBC (The “MEDIA VETTORS” of Obama) AND part owner and CEO of General Electrics (which BTW has LOST allot of money since he took over), to accept the “kickback” job of being an ‘adviser’ on the NEW Recovery PORK-US BILL and now we hear everyday about all those GREEN JOBS–If people can not FOLLOW the MONEY and the PAYBACKS , I think you are either BLIND or in on the plan to destroy our nation!
Oh and did you also know that GE was also in on the last NEW DEAL during the 1930’s under FDR? Can anyone tell me that HISTORY does NOT repeat itself? Talk about a Chess game!
I miss the simple days of “GO Fish”!
As I was watching Glenn Beck one afternoon, I saw the segment about the National Recovery Act by FDR. After looking up the Act online, I was very surprised to see where General Electric played a BIG part in this act back during FDR’s day and NOW, we have Jeffery Immelt, Current owner and CEO of General Electric who just “happened” to be brought in by Pres. Obama, as an advisor in HIS “President’s Economic Recovery Advisory Board”. How interesting to see how HISTORY DOES REPEAT ITSELF. –
The NIRA was strongly supported by many leading businessmen, some of whom had helped draft the legislation. Gerard Swope, head of General Electric,
Ahhhhh—Does ANYONE see a coincidence of Jefferey Immelt here besides me??-—was one of the first champions of this legislation which legalized cartels and funded massive government spending on public works through the PWA. This increased spending was designed to restore prosperity and benefit General Electric and all businesses.
Harry Harriman, president of the U.S. Chamber of Commerce and a leading supporter of the legislation, argued that “it constitutes a most important step in our progress towards business rehabilitation.” The National Association of Manufacturers opposed passage.
After passage a prominent opponent was Henry Ford (who was railroaded by those that ‘enforced’ this ‘Act.) The NIRA was famous for its rules, all of which were written by committees of businessmen from the specific industry involved. Journalist Raymond Clapper reported that between 4,000 and 5,000 business practices were prohibited by NIRA orders that carried the force of law, which were contained in some 3,000 administrative orders running to over 10,000 pages, and supplemented by what Clapper said were “innumerable opinions and directions from national, regional and code boards interpreting and enforcing provisions of the act.” There were also “the rules of the code authorities, themselves, each having the force of law and affecting the lives and conduct of millions of persons.” Clapper concluded: “It requires no imagination to appreciate the difficulty the business man has in keeping informed of these codes, supplemental codes, code amendments, executive orders, The NIRA was overturned in May,1935 when the Supreme Court of the United States unanimously ruled in the case +Schechter Poultry Corp. v. United States+ (295 U.S. 495, 1935), sometimes called the “sick chicken” case, that the Act infringed upon states’ authority, unreasonably stretched the Commerce Clause, and gave legislative powers to the executive branch in violation of the Nondelegation doctrine.
Additionally, the opinion fell back on the question of consti^ Section 7(a) helped promote the formation of labor unions, and led to the establishment of the National Labor Board. The Act’s lack of clarity and enforcement powers regarding unions led to passage of the Wagner Act in 1935, which incorporated Section 7(a).
Moreover, some economists consider the act to be downright damaging to the stability of theeconomy as it weakened antitrust laws and allowed collusion.
http://en.wikipedia.org/wiki/National_Industrial_Recovery_Act http://www.civics-online.org/library/formatted/texts/recovery_act.html NRA Explained in Theory http://eh.net/encyclopedia/article/alexander.nra http://en.wikipedia.org/wiki/Gerard_Swope The President and Volker announced the board’s membership on February 6, 2009. Members from the business world include General Electric chief executive Jeffrey Immelt; James W. Owens, head of Caterpillar; Robert Wolf, chairman and CEO of UBS Group Americas; Mark T. Gallogly, founder and managing partner at Centerbridge Partners L.P.; Penny Pritzker, chairman and founder of Pritzker Realty Group; John Doerr, partner at Kleiner, Perkins, Caufield & Byers; Monica C. Lozano, publisher and CEO of La Opinion; and Charles E. Phillips, Jr., president of Oracle Corporation. Members from labor are Richard L. Trumka, secretary-treasury of the AFL-CIO, and Anna Burger, secretary-treasurer of the Service Employees International Union. Members who are known for their prior government service include former SEC chairman William H. Donaldson; Clinton administration economic adviser Laura D’Andrea Tyson, who is a professor at the Haas School of Business at the University of California at Berkeley; Martin Feldstein, who was President Ronald Reagan’s chief economic adviser and is an economics professor at Harvard University; and Roger W. Ferguson, Jr., former vice chairman of the Federal Reserve and now chief executive of TIAA-CREF. David F. Swensen, CIO at Yale University, is also a member.
Jeffrey Immelt (born February 19, 1956, Cincinnati, OH) is the current chairman of the board and chief executive officer of the U.S. based conglomerate General Electric. He was selected by GE’s Board of Directors in 2000 to replace John Francis Welch Jr. (Jack Welch) following his retirement. Previously, Immelt had headed up GE’s Medical Systems division (now known as GE Healthcare) as its President and CEO. In February, 2009, Immelt was appointed as a member to the President’s Economic Recovery Advisory Board to provide the president and his administration with advice and counsel in fixing America’s economic downturn http://en.wikipedia.org/wiki/Jeffrey_R._Immelt http://en.wikipedia.org/wiki/President%27s_Economic_Recovery_Advisory_Board http://en.wikipedia.org/wiki/NBC_Universal
GENERAL ELECTRIC As of 2003 Television Holdings: * NBC: includes 13 stations, 28% of US households. * NBC Network News: The Today Show, Nightly News with Tom Brokaw, Meet the Press, Dateline NBC, NBC News at Sunrise. * CNBC business television; MSNBC 24-hour cable and Internet news service (co-owned by NBC and Microsoft); Court TV (co-owned with Time Warner), Bravo (50%), A&E (25%), History Channel (25%). The “MS” in MSNBC means microsoft Other Holdings: *
GE Consumer Electronics. * GE Power Systems: produces turbines for nuclear reactors and power plants. * GE Plastics: produces military hardware and nuclear power equipment.
GE Transportation Systems: runs diesel and electric trains.