THE GENERAL ELECTRIC COMPANY ("GE"): MISINFORMATION AT WORK
Global Revolution 1: American Revolution 2: Day 20: Communication 1
6 Oct 2011 (g1a2d0020c1)
1.a. GE (the General Electric Company, founded by Thomas Edison) is one of world's largest multinational conglomerate corporations, and ranks as the 14th most profitable company in the Fortune 500 for 2010:
1.b. Despite reporting 2010 worldwide profits of $14.2 billion with $5.1 billion of the total coming from its operations in the United States, GE paid no federal income taxes for that year. In fact, GE claimed a tax benefit of $3.2 billion.
3.a. The GE "Ecomagination" PR (propaganda) program herald's their "…commitment to imagine and build innovative solutions to today's environmental challenges while driving economic growth."
3.b. Historically, however, GE has always valued earnings over the environment. The Political Economy Research Institute listed GE as the fourth-largest producer of air pollution in the U.S. in 2000, with more than 4.4 million pounds of toxic chemicals released into the air. And according to the EPA, only the U.S. Government, Honeywell, and Chevron Corporation are responsible for producing more Superfund toxic waste sites:
4.b. This means "Bushbama" apparently saw no reason to hold Immelt accountable for GE defrauding not only the government but its own investors repeatedly over the course of his tenure:
5.b. That claim is contradicted by the fact that GE designed the nuclear reactors that failed in Japan's Fukushima Dai-ichi plant (of which there are 23 similar units in service in the U.S. right now), and GE placed those units in service even though one of its own scientists resigned rather than attest to their safety:
6.a. A global greed-based corporation like GE has more than a minor motivation to "manage" their public image, which is why GE has long been a major stakeholder in NBCUniversal, which in turns controls an alarmingly significant portion of what gets broadcasted on American airwaves (be sure to scan the entire list):
6.b. So before you get led down the wrong path by righteous-sounding Judas goats like MSNBC's Dylan Ratigan, think long and hard about who's buttering their bread. That should help you distinguish champion from charlatan:
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