WILKOW/ RIZZUTO: GE a corporate sponsor - Washington Times

GE is planning on taking $6 billion of the $140 taxpayer dollars they received in bailout to invest in a new venture called 'Healthymagination'.

One of the advisors of this project is Tom Daschle; the former Senator who would've been HHS Sec if he hadn't made an honest mistake and failed to pay his taxes. He wrote a book called 'Critical' which outlines his idea to create a "Federal Health Board " to oversee a national socialized healthcare system. Central to this plan is a computerized management and data collection system... a system that Healthymanagement intends to create.

GE's CEO Jeff Immelt who is also on Obama's economic advisory board is planning on being front and center in exploiting this relationship by helping create a new corporate -government management of the health care industry (already funded by the taxpayers for the profit of GE investors ) .

Healthymagination's business model will create the much vaunted centralized computer management of health records which is key in the plan .The model also assumes that this will become a $75-$100 billion dollar business within a decade.

GE's media conglomerate NBC ,and all it's cable affiliates (Communist NBC and Moonbat Socialists NBC) will be front and central in promoting this new Health Care initiative effectively becoming the propaganda branch of the Obama administration. Since the GE plan has target dates for completion in 2015 ;well into Obama's 2nd term,it is in GE and NBC's best financial interest to actively promote an Obama re-election in 2012.

Professor Stuart Altman of Brandeis University gives us a hint of what's to come in Senate Finance Committee testimony:

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Remember, our population is aging. And with the very, very elderly, the costs go down, so that percentage should be falling, and it’s not. Second, the cost of care is growing by so much, so at the same percentage, it’s worth a lot more. So let’s go back to the issue of comparative effectiveness, which we’re supporting. That’s where that can have a big impact. It’s not only there, but that’s where the waste is. That’s where people are using technologies that really either don’t work at all or keep people alive for for very limited [time] and [at] very high cost.

Hospice is one option, but we do need take account of the cost — you know, I hate to say it, the cost-benefit of some of the things we do. And either we can do it directly, or we can do it by bundling the payments and let the delivery system deal with it. So it’s a combination of the delivery system dealing with it, or, and/or providing more information for people to make the right decisions, both for themselves and for the care.

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'Healthymagination' is I'm sure one way the administration and its corporate cronies will sell us on the idea of rationing.

I'm willing to bet that Immelt,Daschle,and Obama will not subject themselves or their families to such rationing .

Of course not.

Hello tom:

What's your point? That Fox doesn't like NBC?? That we'll get real news from the Washington Times?? I didn't know you carried water for them too...

excon

You are the one that tells us that having nationalized system will reduce costs by eliminating the middle man with the profit motives.

But it looks to me that the plan does nothing of the kind. Instead it allows the gvt. To pick who makes the profits .

Also ;what GE is proposing to do in centralized data collection and protecting data has already been developed and is patent pending
http://northstarglobal.biz/main/?p=419

Another objection...

As a receiver of taxpayer bailout money ;why isn't GE being forced to restructure and shed some of it's loser entities like NBC studios,CNBC and MSNBC ? Perhaps because they carried the water for the Obama campaign??

When AIG spent money on contractually-obligated bonuses to their executives, the lefties blew a gasket at the way "their tax dollars" were being wasted, and demanded that the bonus money be returned under penalty of having those executives' names being leaked to the media.

When auto execs spent money to fly their private jets to DC to testify on Capitol Hill, they were castigated for it as a waste of "tax-payor dollars".

Obama fired GM's CEO and forced the company to completely restructure in order to stop the waste of "tax payor dollars".

Banks that received TARP money have been forced to go through rigorous (and useless) stress testing, despite the fact that many of them never wanted the TARP money in the first place, and weren't permitted to return it.

But because GE's boss is a cronie of Obama, not only are they being given more money to save them from bankruptcy, not only are they not being forced to go through a restructuring to stop the waste, they are also taking $6 billion of our tax dollars to start a new entity that will violate our 4th amendment rights against search and seizure of our private documents... our medical records.

(And yes, excon, there is a difference between that and phone-tapping. Seizure of documents without warrant is a direct violation of the Constitution. Towit:

"The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.")

Sickening.

Elliot

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Originally Posted by ETWolverine

(And yes, excon, there is a difference between that and phone-tapping. Siezure of documents without warrant is a direct violation of the Constitution.

Sickening.

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Hello El,

I agree, there IS a difference. One violation of the Fourth Amendment you applaud. The other, you decry...

But, you can't pick. If you don't support the people in their right to be TRULY free from government intrusion, AND YOU DON'T, you have no right to complain when the government gores YOUR ox.

Yes, it IS sickening.

excon

Evidently GE is to become a partner with the government in the cap and trade scam also.
Immelt,is a proponent of cap and trade and thinks global warming is real (what do you expect from a guy named "I ~melt").

Like health care ;he is positioning his company to exploit it as he sits on advisory boards to the President that recommend it[United States Climate Action Partnership (USCAP)];and using his media conglomerate to makes the case.

Now if he was truly interested in his companies interests he would be promoting nuclear power as a clean burning alternative to carbon based electricity generation despite GE's existing interest in the technology . No wonder the company is going into the krapper . This is an attempt to get subsidies on their domestic wind turbine production. No doubt their ,inferior to Westinghouse ,windmill production will get a shot in the arm thanks to what the WSJ calls an emerging "climate -industrial complex" .
The Climate-Industrial Complex - WSJ.com

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Originally Posted by tomder55

Like health care ;he is positioning his company to exploit it as he sits on advisory boards to the President

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Hello again, tom:

I thought you righty's LIKED smart businessmen... Does the fact that he owns MSNBC enter into your diatribe?? I'll bet it does...

If Rupert did what Immelt is doing, you'd LOVE it. Your hypocrisy is showing again.

excon

He's a smart businessman ? He's close to being voted out by the shareholders. GE has been in a steady decline since Immelt arrived because he made a string of overpriced acquisitions and relied too heavily on its GE Capital (which in itself has gotten $140 billion of gvt bailout as I already posted ) .

Last month he did not take an almost $12million bonus under pressure due to unprecedented losses by GE ;more than a 50% drop in 2008.
Former GE CEO Jack Welch regularly slams him for the way GE is operating under his watch.

Hello again, tom:

Your problem with them stems from what?? You bought a bad washing machine?? Or Fox doesn't like GE, so you don't either?

There's a lot of bad managers our there. Why are you picking on him?

excon

I do not take marching orders from Fox ,or Bill O'Reilley .

Immelt is like the Goracle .He is positioning his company to exploit recommendations he is making as a member of Obama's economic advisory board. He predicted that the economic downturn "would ultimately lead to changes such as greater government involvement in business ".He then positioned his company to exploit it ,and he is using his media conglomerate to promote it while at the same time making it appear that the motives are almost altruistic.

It is good that someone is exposing the motives behind these so called do- gooders. What he is doing is far worse than what lobbyists do. They at least try to limit gvt. Influence in their business decisions . He is selling his company's soul to the gvt. GE may as well be a fully owned subsidiary of the gvt.

I know you can't possibly be in favor of this fascism.