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Obama Administration Gave General Electric—Parent Company of NBC–$24.9 Million in ‘Stimulus’ Grants
Posted By admin On October 12, 2010 @ 4:05 am In Featured Stories,U.S. News | Comments Disabled
CNS News.com 
Oct 12, 2010
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.
GE was the primary recipient of 14 stimulus grants, a spokeswoman for Recovery.gov confirmed to CNSNews.com. These 14 grants provided GE with $24.9 million in tax dollars. On four additional stimulus grants, the primary recipient of the federal money hired GE as a contractor. Recovery.gov is the administration’s website that tracks stimulus expenditures.
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URLs in this post:
 CNS News.com: http://www.cnsnews.com/news/article/obama-administration-gave-general-electr
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 Obama Administration Says Most of $787 Billion Stimulus Funds ‘Spoken For,’ But only 50% Spent So Far To ‘Jolt’ Economy: http://www.prisonplanet.com/obama-administration-says-most-of-787-billion-stimulus-funds-%e2%80%98spoken-for%e2%80%99-but-only-50-spent-so-far-to-%e2%80%98jolt%e2%80%99-economy.html
 The “Shining” Example Of Obama’s $787 Billion Fiscal Stimulus Act, Solar Energy Company Solyndra, Files For Bankruptcy: http://www.prisonplanet.com/the-shining-example-of-obamas-787-billion-fiscal-stimulus-act-solar-energy-company-solyndra-files-for-bankruptcy.html
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 1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus: http://www.prisonplanet.com/1-9-million-fewer-americans-have-jobs-today-than-when-obama-signed-stimulus.html
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