Propaganda Pays. Team Obama Gave GE -Parent Company of MSNBC- $24.9 Million in Stimulus Grants

Your tax dollars at work.
The Obama Administration gifted GE, the parent company of NBC, $24.9 million in Stimulus cash last year.
Don’t worry. You won’t have to pay for it… Your children will.

GE CEO Jeffrey Immelt (R) was a member of Obama’s Economic Recovery Advisory Board. GE was given $24.9 in Stimulus cash by the democrats and Barack Obama. (Zimbio)

CNS News reported, via Free Republic:

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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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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Thanks for sharing!