Step 1: Destroy a 131-year-old bedrock of American business
Step 2: Enrich self
Step 3: Get on Presidential Economic Advisory Board
Step 4: Destroy a 232-year-old country
Thanks but no thanks Immelt. Please go away.
How the f*ck do you still have a job?
And what the f*ck is Obama thinking? Put me on the damn board. I'll tell him what's happening, how we got here, and what should be done. Or put Roubini, Schiff, Rogers or ANYONE on the board except Immelt.
Monkeys.
Posts
35 comments:
Let me guess Jeffrey Inmelt’s advice to our President:
1. Out source offshore all possible American jobs–except for jobs currently held by pasty-faced bastards in upper management;
2. Upper management must be left untouched by any increased regulation, enhanced accountibility, or compensation limits. The current talent in American corporate management is so rare, so highly prized world-wide, and so valuable that America can retain this talent only by treating these managers as gods.
3. Continue to allow foreign industries to crush and destroy American industry because free-trade absolutism is mandated by God.
4. Unrestricted, unregulated immigration must be maintained at all costs to ensure that the living wage never comes back to America
Now THAT's dumber than W.
lol...change...hope.
Immelt is the asshole who wants more immigration of engineers, computer scientists, highly technical science professions, etc.... This will just continue to destroy the wages of Americans who are making good money. I am a nurse and despite the economy being so bad, hospitals are sponsoring nurses from the Phillipines, India, and Ghana. What a fucking corrupt country. I used to believe in this country.
Wow, I am sorry I voted for Obama. I voted for change, and this is just more of the same. A LOT more of the same. He's going to run the country down the drain faster than Bush would have.
Obama obviously knows nada about economics and gets all his information from his banker buddies.
There is still one more bubble to pop - the Obama/hope bubble. That's when despair sets in.
What a joke!
I hate to say it, but this administration seems it's on the brink of being completely out of touch already.
Maybe they want Immelt's advice so they can do the opposite.
Or maybe it's payback for the way NBC shilled for Obama during the election.
This does not look like the change we need. Obama is such a disappointment, I had high hopes.
Keith, you know what he is thinking. Obbbammmmyyyy is the New world Orders newest and biggest stoooooggggge. He thinks he had better do what the NWO tells him to do if he wants to remain on the throne and get his NWO diamong parachute when he's done.
Aren't you glad you voted for Obama now?
Seems like McCain might have been a better choice after all eh?
Speaking of GE, our 4-year old General Electric over-the-stove microwave oven crapped out – never buying an appliance from THEM again! Why pay a premium price for the brand name product if their appliances are junk?
But read the following story, which I posted on S&A a few weeks ago. Who would ever have thought you could walk into a retail store, corner the manager, and get him to lower the price of a product? The assumed expected response is either a sneer or a chortle, right? This time it IS different!
Went to Lowes last weekend. In the appliance area there were a bunch of marked-down appliances grouped together, including a top-of-the-line American-made Frigidare microwave with a tag that read: “Discontinued stock. Original price: $398. Now $250.”
Putting to use what HP and S&A has taught me, I told a salesperson to bring the manager. Without giving him a figure, I told him that I would buy the microwave if he could give me a better price. Again, in any previous time, this request would have likely generated a good laugh, right?
The manager said $200, so I plunked down the cash and bought it.
Just like with a house – the asking price may be $398K but if it only sells for $200K, than that is what the house is worth. While food, tuition, insurance, and other things that you can not live without are increasing in price, houses, cars, and appliances are indeed seeing deflation.
For anyone who has to purchase a new appliance these days, try lowballing the asking price. You may just be surprised!
-Mammoth
PS
BTW this weekend I’m going back to the (empty of customers) hardware store to purchase some conduit & other stuff (laying an electric cable across my property so that I can get power to the barn – so that I can then rent it out for boarding horses (now THAT’s investing!).
Anyway, once the cart is loaded up I am going to call out the manager and ask for a discount. And if he balks I will tell him that I am heading for the competition and will walk away S-L-O-W-L-Y so that he will have the chance to change his mind before losing a sale.
Let me guess Jeffrey Inmelt’s advice to our President:
1. Out source offshore all possible American jobs–except for jobs currently held by pasty-faced bastards in upper management;
2. Upper management must be left untouched by any increased regulation, enhanced accountibility, or compensation limits. The current talent in American corporate management is so rare, so highly prized world-wide, and so valuable that America can retain this talent only by treating these managers as gods.
3. Continue to allow foreign industries to crush and destroy American industry because free-trade absolutism is mandated by God.
4. Unrestricted, unregulated immigration must be maintained at all costs to ensure that the living wage never comes back to America
February 6, 2009 1:06 PM
JOHNY BOY you are dee man!!!!!!!
" Anonymous said...
Now THAT's dumber than W."
I agree. Hard to imagine.
I'm Really worries Now.
Maybe Hitler WAS Right after all?
Why take advice from a failure unless you want advice on how to fail?
IDIOT OBAMA
can't wait for the orange one to join obama's team.
Will Angelo Mozilo shortly be named to head HUD ?
I am a nurse and despite the economy being so bad, hospitals are sponsoring nurses from the Phillipines, India, and Ghana.
We have the same thing with paralegals and legal secretaries - you know, there aren't enough Americans that have the skills to do these jobs and/or they are jobs Americans just refuse to do. (Sarcasm off)
Mammoth:
I do it all the time when I am spending a large lump sum. And, if they do not give me at least 10%-20% off, I am not buying.
That mofo cost me 250 grand in stock losses related to ge.He should be in shackles with tons of ky jelly for the boys.
"Will Angelo Mozilo shortly be named to head HUD ?"
Yeeesss! He's the perfect pick. His taxes are paid, and more importantly, he "paid" the right people along the way up. Of course Keith would pop a vein...
No, not monkeys - Illuminati.
I disagree with Obama on many things. That's different than the crowd that hates him because of whatever thing - he's a muslim, he's black, he's a liar, he's a fraud, he's inexperienced, he's part of a secret society, whatever.
I'm giving the guy a chance. The world is f*cked if he can't right this ship. And unfortunately, we're all stuck on the same ship.
I'm giving the guy a chance. The world is f*cked if he can't right this ship. And unfortunately, we're all stuck on the same ship.
That's why we think you're an idiot, Keith. His actions should have already shown to you that this creep is just another tool of the establishment. I guess when you get all of your info from the fawning corporate media you get sucked into the Kool-Aid punchbowl.
And don't insult our intelligence by saying we hate him because he's black or because he's Muslim.
The fact that he is a fraud, is inexperienced and is a liar are legitimate issues however.
Keith you are a good guy, and extraordinarily intelligent, but note: we are all giving this guy a chance. But as you said, if he were sincere and NOT a fool, why would he be taking advice from Inmelt? As you said yourself, Roubini, Jimmy Rogers, or you would be able to advise him. Obama's greatest achievement (besides being elected to the Senate and as President) is that he graduated from Harvard Law. He's not the man for the job.
And where is Volker? The only guy on his "advisory board" with a clue, and he's being blocked. What is that all about?
You will give up on Obama eventually. Watch how he compounds his mistakes. He has too many advisors, too academic, and too little experience. He's not a businessman, and he's like all the rest of them. Watch.
P.S. Where are the arrests of these criminals (not just Mozillo, ALL of them)? How can you support this clown when he doesn't support the rule of law ?
Obama is way out of his league. Running the most powerfull country in the world is a little different than being a community organizer....what ever that is supposed to be.
Why is he being advised by Immelt?
Because it's a big fricking boy's club. And that's who Volker said he wanted. Because they hang out with each other at the country club. They see each other at Davos.
Obama is gonna f*ck up with this advisers or nominees. He's relying on others for advice.
He'll come to see that they f*ck up too. Like with Daschele.
And it's up to the MSM and the blogs to flame him when he f*cks up. I think that's what happened with Daschele, and with Franklin Raines too.
Obama is not faultless. I disagree with him 40% of the time. But in a two party system, he was far ahead of the unelectable McPalin ticket, and he's America's best hope.
He also has single handedly changed the perception of America around the world. People hate us, rightly so, because of the past eight years, but now they're rooting for him.
And he better change f*cking everything, and push Pelosi and Reid out of the way.
And it's up to the MSM and the blogs to flame him when he f*cks up. I think that's what happened with Daschele, and with Franklin Raines too.
Keith you really think Obamma didn't know who Daschle is. You don't know who Obamma is. You will find out.
I feel like I've been rooked.
Where's the change?
This is like Hillary in drag.
to the nurse.
Every nursing school in this country has a waiting list. Some over 2 years long.
The US needs to fund more Nursing/medical schools, give more engineering and science scholarships before seeking foreign nationals to fill the gap.
It's a shame that the Philippines recognize our shortage of nurses and have created nursing programs to fulfill "our" needs.
I bet Obama has no money earmarked in his stimulus bill to provide more funding for nursing schools.
I remember six months ago hearing the analysts say what a great deal GE was for investors. Well guess what? The genius analysts steered everyone wrong as usual.
Thanks for nothing equity analysts. You're as useless as the RealtWhores®.
GE got into trouble because they relied too heavily on the Financial division to make money. They ended up with some of the same problems as the banks, except they did not get involved in the mortgage fiasco.
Guess what, read up, big layoffs in GE's financial business. Average, I repeat, average salary of those laid off is $175,00. That's high. My guess is they will be cutting that business up and selling it in small pieces. If anyone wants to buy it.
GE is being kept afloat by Infrastructure, which had its' best year ever! They can't keep up with all the work. This is a division which does something real; it makes things, mostly in the energy sector. It is a growth business and it's committed to Green. It is also a business where projects are sold a decade ahead of time. This is the kind of business the US needs. There are only a handful of countries with firms which can do the big infrastructure projects. The Swiss and Germans come to mind.
Now this is for all of you who don't want foreigners taking your jobs. No more than 6 months ago there was a directive to hire 500 new engineers in Infrastructure. There's a freeze now, but at the time my husband was busy trying to hire. You would not believe how difficult it is to find engineers and how many turned the offers down. This was in July and August. He made several offers to guys from California. They wanted more money than the Boss makes. Never mind that a house here costs a fraction of one in CA. He even offered a Mexican, meaning an engineer from Mexico, a job. The guy's wife did not want to move to the frozen north. You see, educated Mexicans, don't need to come here to make money. He's hired plenty of East Asians too. I hope none of those people are still out of work, because he can't hire now. Instead, DH just has to work double time.
We do not educate enough engineers. Why? Because you can major in Asian studies, after growing up in Asia, and become Secretary of the Treasury, or if you do major in Engineering you can become John Thain and live like a king on Wall Street.
John Galt (1:06pm) had it right when he said, dripping with sarcasm, "The current talent in American corporate management is so rare, so highly prized world-wide, and so valuable that America can retain this talent only by treating these managers as gods." We have valued these clowns on Wall Street, and let them rape our country, while equally educated people who are actually working on clean energy, make a small fraction of what is made by their Wall St. counterparts. We have a F'ed up value system. It will change, MBAs will not be flocking to I-banks in the future.
You may not like GEs stock price or Immelt, and most people who are busting their chops working for the company are not too happy either, but you do need the research and Green Energy that GE is working on.
Not sure that Immelt should be advising Obama, since like everybody on Wall St, he too, missed the bubble, but he does know a thing or two about energy and that is something our country needs big time.
he looks like the emporer in Star Warz gettin ready to do that lightning bolt out of the finger tip thing.....go Dark Side!
@ Pamela:
Hard to believe that America doesn't have enough engineers when our Universities are still the best in the world. Your argument doesn't hold water. Perhaps your husband want engineers to be underpaid slaves, or your DH is clueless that HE's the one underpaid.
See, there's a movement, usually from Europeans and American liberal commies to denigrate their fellow men. The movement always portray ALL Americans as bad, lazy, not good enough, heartless, racist, unproductive, etc. Not sure what's the objective, but I have lived in several countries and I can affirm you that's an gross exaggeration.
Just because a few groups in a greedy and power binge control our government and create evil situations to enrich themselves, it doesn't mean that ALL Americans are like that. We're all being manipulated by a group of powerful brokers that pretty much control everything: media, oil, Wall Street, wars, foreign governments, etc. That happens when a country becomes a superpower. After they totally destroy our country, they'll move to another one. I suspect that China is next. The USA is exhausted, they've killed the goose.
Everyone and their mothers were saying that Americans were racists. Now America's elected a black president. When's Europe having its black president? You got it, never. For instance, I've watched several soccer games in countries like Italy, Spain, and England, in which large amounts of attendees were imitating monkeys and throwing bananas at black soccer players.
Please, don't confuse code-monkeys with NASA engineers. There's a distinction here. Code-monkeys you can get cheaply anywhere in the world. So when MSFT or any other comes requesting H-1B because America doesn't have enough engineers, you should take that with a grain of salt. What really means is that MSFT has become a cashcow company and the only way to show higher earnings is by cutting costs, like in replacing American code-monkeys with Indian and Chinese for 30% less. That makes Wall Street and investors around the world happy.
to~anon @1.45 AM
He was hiring 6 figure engineers with at least 10 years experience, not code-monkeys. I agree with you that the exportation of jobs and cheap labor is a problem for even our educated classes now. The point here is that we really aren't educating enough people with quantitative degrees.
My husband attended one class only, read the book and took the statistics exam at the Ivy League B-school he went to. The prof called him in because he had not seen Dh in class and wanted to know who had the highest mark in the class. Many of the people who struggled with that course are now on Wall St. making a lot more than the guy in the class who actually understood the numbers stuff. This is why we are in trouble. Think of Geithner, "the only man who can solve our problems," not being able to do his taxes. This scares me. We have come to a point that we are more like Europe; it's who you know, not what you know.
My main point is that these clowns on Wall Street, with degrees equal to most of the R&D and other engineer types I know, manage to pay themselves exorbitant salaries. They have similar degrees from the same schools as people I know. I know guys with 25 patents, patents which mean you get an MRI when you go to the hospital, who make a pittance compared to these Wall ST. clowns. It's out of whack. Why work doing something of much higher value to our people and country than money lending, when money managing lets you put your hand in the cookie jar? Same with the political class.
Finally, I am hardly anti-American, I have lived overseas and put in my time defending the US against all kinds of idiotic comments. You're right, there is a lot more racism in Europe. There is always some other country or group they don't like and they are more than willing to tell you about it. Half the time I'm not even sure what the differences are. The Spanish behaviour at soccer matches is pitiful, but worse is the racism inbedded in business contracts. If you do not speak Castilian, no job for you. That is analogous to telling a otherwise qualified American that he can't work in the UK because of his accent.
It is obvious to me that we innovate more and are more productive than other countries. I simply hope it is not all ruined by what these men on Wall St and in our government have done. I don't think most Americans want to become like France. French culture great; productivity and innovation - we own that and I want it to stay that way. Which is why we need more engineers and a cleaned-up Wall St. Our country will be better served with more innovators in science and fewer innovators in derivatives.
Post a Comment