Too Good To Check: GE CEO Jeff Immelt plans to vote for Mitt Romney

If this is true, it is a major embarrassment for President Obama. Obama made Immelt the head of his Jobs Board.

Via Business Insider:

General Electric CEO Jeff Immelt, the head of President Obama’s Jobs Board, plans to vote for Mitt Romney, Fox Business’ Charles Gasparino reports (via Bloomberg).

If true, the news would represent a major embarrassment to the Obama administration, which had elevated Immelt in their pursuit of private sector employment growth.

Gasparino has not spoken with Immelt, but said sources close to the G.E. chief said he was leaving Obama’s side.

The president named Immelt the head of his panel of economic advisers in January as a replacement to Paul Volcker, the former Federal Reserve chairman.

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Since the Volt isn't selling, GE is going to buy them all

Since the Volt isn't selling, GM is going to buy them all . GE is ordering all employees to drive a Volt.

(Gas2)- General Motors and General Electric are two companies that have been in the political crosshairs lately. GM stands accused of “crony capitalism,” while GE is under fire for paying no Federal income taxes in 2010. The two companies share more than that though, with GE placing an order for 12,000 Chevy Volts and other hybrid vehicles.

A memo leaked to Green Car Reports lays out GE’s plans for their new fleet of Volts, and as expected, it has some people crying foul.

The memo, sent to employees of GE Healthcare Americas team explains that all sedan, crossover, and minivan purchases in 2012 will be replaced by the Chevy Volt. Only field engineers are excepted from having to drive a company Volt.

GE will offer estimates for installation Level 2 Charging Stations, though all-gas use will be allowed when there is no electric option. Any employees who opt out of the Volt program will not be compensated for their expenses. Those who do choose to drive the Volt will be reimbursed for public charging and home charging costs, in addition to gas uses.

While some people are probably put off by having to drive a Volt, GE claims to have crunched the numbers and believes that in the long term, this will save the multi-national company big bucks. More than that though, GE is positioning itself as a big player in the EV charging market. Getting employees into Volts also means getting charging stations into homes.

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Green Fail: GE Guts Offshore Wind-Power Plans

There just isn't a market for it. The only thing propping up green energy is massive amounts of public spending by several countries. The money is running out.

Forbes reported:

General Electric, the U.S.-based industrial giant and leading manufacturer of wind-power turbines, is scaling back efforts to expand its presence in the offshore wind power market.

The rationale: there is no meaningful offshore wind market to speak of – at least not yet.
Given slower-than-expected industry growth, the offshore market may not mature as rapidly as many wind boosters once believed.

In 2009, GE moved into the offshore market by acquiring Norway’s ScanWind, a developer of direct-drive turbines, based in the city of Trondheim.

GE is considering laying off about 40 employees in Norway as it scales-back its offshore operations there, according to reports in Recharge. The company has also suspended plans to construct a manufacturing facility in the United Kingdom indefinitely.

O'Reilly attacks GE for corrupt use of CNBC & MSNBC to promote Obama's progressive agenda for its own financial gain

O'Reilly attacks GE for corrupt use of CNBC & MSNBC to promote Obama's progressive agenda for its own financial gain. From the video:

"Will General Electric get paid for supporting President Obama - that is the subject of this evening's Talking Points Memo," O'Reilly said. "As everybody knows, GE, which owns NBC has been very aggressive in helping Barack Obama - first supporting the president in the election and now attacking his critics.

"Now, most CEOs would have stopped NBC's corruption a long time ago, but Immelt may be looking for a major payoff," O'Reilly said. "According to reporting by the Washington Examiner, GE is heavily lobbying the Obama administration for bailout money. The company is also pushing for the proposed cap-and-trade program. Apparently GE has set up a joint venture it hopes would manage billions of dollars in cap-and-trade transactions should that corporate carbon tax pass Congress."

Here is the video from Bill O'Reilly.