 | GE continues to recieve $$$ from the Obama Administration...Gets Payoff in Spending BillScotty Starnes | December 22, 2010 at 6:20 PM | Tags: F-35 jet, GE, General Electric, Jeff Immelt, Jeffrey Immelt, jet engine, Joe Lieberman, Obama Administration, Pratt & Whitney, President Obama, Robert Gates, Sherrod Brown, United Technologies, veto | Categories: Uncategorized | URL: http://wp.me/pvnFC-3RU |
GE continues to benefit from it's close relationship to President Obama. Jeffrey Immelt is CEO of GE. Immelt is one of Obama economic advisers. GE received bailout money but it's news organization, MSNBC, failed to report this fact to its viewers. MSNBC, CNBC and NBC are the propaganda arm of the Obama regime.
No conflicts of interests there. Obama was only GE's biggest cash recepient during the 2008 presidential campaign. The bailout money along with the money for a jet engine that nobody wants is just payback for helping Obama get elected.
Bloomberg.com reports:
General Electric Co.'s alternative engine for the F-35 jet is included in the legislation that funds the federal government through March 4, two senators said.
Office of Management and Budget Director Jack Lew informed lawmakers of the decision to include the second engine, Senators Joseph Lieberman, a Connecticut independent, and Sherrod Brown, an Ohio Democrat, said yesterday in separate statements. Congress passed the measure yesterday and sent it to President Barack Obama for his signature.
Defense Secretary Robert Gates opposes the GE engine as unnecessary and a waste of money. United Technologies Corp.'s Pratt & Whitney unit makes the primary engine for the F-35, and Gates has said repeatedly that he will urge Obama to veto any bill funding the GE version.
Obama will never veto this just as he never went line-by-line through every bill to eliminate waste and fraud. Don't hold you breath.
Lew in his two-paragraph letter yesterday to Brown said the legislation "as currently drafted" required the Pentagon to "continue funding" the engine "on a pro-rata basis through" March 4 "so as not to impinge on Congress's funding prerogatives" until the fiscal year 2011 defense appropriations bill is finally passed.
The headquarters of United Technologies and Pratt & Whitney are in Hartford, Connecticut, in Lieberman's home state. Though GE is based in Fairfield, Connecticut, its version of the F-35 engine -- for which it has partnered with London-based Rolls- Royce Group Plc -- would be manufactured by GE Aviation at facilities in Cincinnati and Evendale, Ohio.
Brown said in his statement that the notice from Lew was "good news" to the Ohio workers on the project.
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