Over at American Thinker, Randy Fardal writes a terrific piece comparing Barack Obama's economic policy to Lyndon Johnson's Vietnam policy. The whole piece is worth reading, but Randy's treatment of GE and its editorial control over NBC and its media sub-properties, including MSNBC and CNBC, should be of particular interest to Cable Gamers:
General Electric CEO, Jeff Immelt, claimed last month that his company sells "about 70" green products, representing about $18B in revenue this year. But it seems unlikely that all of those products would be economically viable in a free market without American taxpayer subsidies and tax credits.
Some say the global "green" movement is the new home of neo-Marxists. Others say it's a leftist organized religion. Under Don Obama, it seems more like organized crime.
GE owns NBC, MSNBC, Telemundo, and CNBC television networks. NBC has promoted GE's taxpayer-subsidized products in its "Green Week" news features. For instance, NBC Nightly News ran segments with an FPL spokesman that advocated a nationalized electricity grid. But reporter Anne Thompson neglected to mention that NBC parent company GE supplied many, if not all, of FPL's installed base of thousands of taxpayer-subsidized wind turbines. She did report that a nationalized power grid would benefit the wind and solar utilities because most are located far from existing high voltage lines, but she neglected to disclose that many of those utilities are GE customers.
Imagine the leftist howls if Halliburton bought NBC and then sought to generate more profits by running a series of "Drill, Baby, Drill" news features. --Especially if it did not disclose any potential conflict of interest.
Mr. Immelt is a member of President Obama's Economic Recovery Advisory Board. Think of it as Mr. Obama's military advisors in his war on free enterprise. According to reports last month, 15 of the 16 board members are carbon tax advocates and at least six, including Mr. Immelt, stand to gain financially from the recommendations they give to Mr. Obama. The board's sole defender of free enterprise is Harvard economist Martin Feldstein. When 15 hyenas and one gazelle vote on what to have for dinner, guess who gets devoured.
Many points in Randy's piece are worth repeating, including this: '
Imagine the leftist howls if Halliburton bought NBC and then sought to generate more profits by running a series of "Drill, Baby, Drill" news features.
And so I will.
