Is it just my imagination or is GE up to something?
Not necessarilly bad, just up to something.

It seems they are on TY and Radio at every turn.....
no particular product just GE "look at me".

Maybe they understand how to put up a defence against
the next governmental assault on private enterprise.
If so I'd like to thow my hat in with them.

I figure if they beleived in the skwat from the green & govt crowd
theyed be pushing those useless coiled light-bulbs, instead of their image.
Enlighten me please.....and no political ping-pong.
Make a point make a case , then drop it.
Thanks

M1m

The current CEO of GE, Jeffery Immelt, has publicly stated we need more manufacturing jobs in the US. However, only time will tell if he is true to his word. Do I trust him? In a word, no. Immelt was a protégé of Neutron Jack Welch the former CEO of GE who was only concerned with lining his pockets by raising the stock price of GE, not the long term future of the company and its employees.

There are a number of articles available if one Googles the term Immelt + manufacturing. Here is one example: http://www.newsfactor.com/news/Grand...d=11000097YFLO

G E CEO, Jeffery Immelt is at the white house all the time. He is a top obama advisor. The top mgt. is in bed with the lefties. No Government assault on this bunch, they are in cahoots with them to get the electronic health care records storage business. Also the green energy contracts.

I'm with ya on "wait and see".
Ever hear of the term Milwaukee GE millionairs.

We around hear know quite a bit about the history of GE.
Hope it shakes out good and spreads like honey.
m1m

Now this is more like the GE I've come to know and ......? love ?

m1m

He may be a protege of Jack Welch, but he was not paying much attention. When Welch retired G Es stock was at it's highest price ever, now it's in the toilet.

"they are in cahoots with them to get the electronic health care records storage business."

If this doen't personaffy the real enemy of the common american,
what does?

I've been try-ing for years to get us 'US' blue-collar folks,
Shop owners....etc, etc.
TO QUIT with the right vs left BS

Big BiZ & biG broTHer ..... a mariage made in hell.
And consumated up our rear ends.

m1m

Mostly because the losses on their financial side are huge! And its pulling them down big time!

That's why Immelt is on his knees in front of obama. If he doesn't get the gov. business G E is probably toast.

From a purist 'bottom-line' stand-point........ I can see the logic.
But why are so many of the "Big guys" in our history so willing
to (sell-out) who-ever what-ever when-ever their jingle
ain't piling Up?

I'll admit there's a dark side to Capitolizm......
the Bible mentions it too.

m1m

Hmnn I was just thinking Human iniquity ruins any form of government, No?
As concepts each form of government should work.
Infact our "representative republic" might of been the best crack at it yet.

At the time it was forged, I dought the shapers were thinking about careers
in politics being more lucrative than in the private sector. I bet corruption,
that is blatent open corruption was still fresh in their memories.
Otherwise I bet they would have put unrevokable term limits on political service.

The flip side for that arguement might have been if it ain't lucrative enough to
cary your financial carcass untill you leave office,; who then would take the job?

Back to human iniquity again.

m1m

12 month history of GE stock price.

http://finance.yahoo.com/q/bc?s=GE

I've been looking at lots of stock prices lately and GE's 12 month performance trend follows a lot of other US companies that tanked last March.

Yep, if you bought at GE's stock peak you would still be unhappy.

Yes Immelt is deeply involved in the current administration just as GE was with all administrations before. It is called being opportunistic.

Yes GE's stock price was high, but you do not seem to understand my post. That was Welch's focus, he was only concerned with the short term instead of long term growth that would improve the company and improve opportunities for the employees.

The only thing that will change Wall Street's behavior is structural change in the tax code that will reward long term profits instead of short term greed.

There's nothing unusual going on here IMO. GE thinks/hopes its stock is undervalued and is trying to pump it higher. They're trying to convince folks to buy the stock -- and hope the ads will send a message that GE is well positioned in the growth industries of the future.

My personal take is this: 1) Immelt & crew genuinely believe there are business opportunities in such things as medical imaging, medical records, wind turbines, more efficient jet engines, nuclear power, etc.; 2) They're probably right; 3) That said, stockholders aren't likely to see the kind of stock price increases when GE Capital was running wild.

Immelt, to his credit, has tied his compensation to long term gains for GE.

Ironic they are into imaging and medical records.
In last saturdays NYT there were two articles. One
about how great GE was doing. And another, about how
they are forcing their entire workforce into high
deductible medical insurance to save money.

Too bad nobody will be able to afford their fancy
MRIs and CAT scans, no records if nobody walks in the
Dr's door.

Jim

keep in the public eye in hard times.
pays to advertise, especially in tight times.

my guess. sure worked for P&G

GE was in the 55 neighborhood. Not too long ago was in the 8 neighborhood. Less than the cost of one of their cheapest toasters DID you buy a TOASTER, or did you buy a share of the stock?

I think it is 17 or 18, right now, maybe more. Double, for you naysayers. (I am one.) Ford less than 2 bucks? Near 10, today. Don't bitch. if you won't spend the money for such cheap stocks. ( I didn't buy Ford, either.) I'm so goddamned dense!

Funny, though, how many people bought GM after they went into bankruptcy, and the last man standing after that Musical Chairs thing lost it all.

I'm as dumb as the dumbest of you when it comes to investing.

I didn't like Jack Welch. Remember, he was the guy who said he would like to have all his plants on islands, so he could tow them to the next cheapest labor country. King of Offshoring.

Jim,

I don't think they get paid per MRI or Cat scan. They sell, or used to sell, more Xray and MRI and CAT machines than anybody. In those instances they are not like nuclear plants, get the refuel contract, or the razor business, sell the blades.

Maybe that is a big part of why our health care bill is so high. People keep saying we have more MRIs in any major city that all of Canada.

So, if you have 40 11 of them in any major city, and you could be sent to any one of them, each will have to charge enough to pay for the damned thing. If you have 17 in all of Canada, XX million Canadians who need MRI will go to them. Comes down to economy of scale.

Lasik seems to have gone the other way. Opthalmologists who have bought them seem to be knocking down the price to make enough to pay for their machines.

Oh, by the way, Lasik is not covered by most insurance policies. YOU pay. They will pay for new glasses every year or every other, but they will not pay for Lasik.

I never had nor wanted to have lasik, either, and I ain't gonna.

Still, if they can get enough at low enough charge, they can pay for the machine. You would do the same with your CNC machines. Cut the price to where you can still make a profit, though you know you are selling parts at less than they should cost, BECAUSE you are forced to, else you lose the contract.

You lose the contract, you might lose the machine. Or the machine is worthless to you.

I'm sorry, but if EVERYONE has the same tools, it is up to you to reduce the cost to get an advantage, and with computers it is hard to do that. Were we still a hammer and chisel economy, and you were an artist, you would make money. If anybody can buy a machine and a program and make anything, you have to be smarter than the rest of the people who have the same machine and program.

Tweak is fine, but, HOW MUCH can you tweak to make money that another cannot?

Cheers,

George

It is quite hard to sort thru the BS anymore.
On one hand the above quote is compelling and beleivable.

On the other hand, the Milwaukee rag puts local GE at war with
O-bama and "his" health-care offencive.??
They pad the artical pretty good.

m1m

George;
That's the calmest post you've done in some time....
and actually interesting.

m1m,

Why, thank you. I TRY not to get too irrigated but it is not easy.

I think I signed on a bit early that night. No beer, and didn't read enough posts to get het up.

"electronic health care records storage business."

That would frighten me. NOT that GE gets it, just that any one company gets it. This should be spread around to server farms, and be redundant. See the MS brouhaha about the "Contacts" lost with their phone system. If any ONE server farm holds all the US medical data, one good crash can wipe out billions of records.

I would venture that the insurance and fiance people have redundancy in their records. I would venture that they also back up to tape or whatever is the backup storage medium of the day.

Seems the only people who have no record of what they did was the people who packaged and sold all them CDOs and insurance on them. NOBODY seems to know who owes money on a mortgage to whom. TRILLIONS, and nobody knows where it is supposed to go?

Go to court and defy them to prove that you have a debt obligation. Courts have abrogated mortgages where the supposed mortgagor could not show that they actually held a mortgage on those properties. I doubt that the total has been all that large, but, what the hell?

Cheers,

George

I guess if I had to put the whole she-bang in one box......
what really really worries me, is that right / left, govt' / private....
red / blue......... what ever the shiesters are definately winning.

Sand-box psycology always works.
Those shit-heads from the sand-box grew up and floated to the top.
Four presidents in row, in our state the last 4 governors too.
CEO's not a total loss but over 50% worship the golden God.
And will sacrifice US.
All these were those kids who never contributed, but always new where
to get to, when the Heat came around, and when the good toys
were handed out for the playground.

We need to stop this.
m1m

GE is also trying to regain funding for the back-up engines for the Joint Strike Fighters, or the F-35's as they are called now. It got cut in the last budget. This engine is a joint venture with Rolls Royce and was a brand new core engine that has had a lot of time and money put into it.

I'm not about to start the argument over the need for this engine, or this engine vs. the Pratt and Whitney that was chosen as a single source. That isn't why I posted this. But if you are pleading a case like this for your buisness, the better the impresion of your company, the better your chances of people listening to your cause.