GE accepts $24.9 million in stimulus, fires 18,000 US workers
The criminal conspiracy we call the Federal government continues to shock and astound. Just when you think it cannot sink any lower, or twist that blade in the backs of taxpayers any more, something like this happens:
The Obama administration gave corporate giant General Electric—the parent company of NBC--$24.9 million in grants from the $787-billion economic “stimulus” law President Barack Obama signed in February 2009, according to records posted by the administration at Recovery.gov.
Despite getting $24.9 million from U.S. taxpayers, GE decreased its U.S.-based employees by 18,000 in 2009, according to the company’s 2009 annual report.
According to Standard & Poor's, GE took in $156 billion in revenue in 2009.
This is a perfect example of socialism for the rich and laissez-faire for the poor.