General Electric Co. spent more on government lobbying than any other company in 2010

[Fumesucker]

http://www.bloomberg.com/news/2011-01-21/ge-seeking-new-engine-and-nbc-merger-was-top-lobby-spender.html

General Electric Co. spent more on government lobbying than any other company in 2010 as it continued to fight for funding for an alternative engine for the F-35 Joint Strike Fighter and sought federal approval to merge its NBC Universal subsidiary with Comcast Corp.

Lobbying expenses for Fairfield, Connecticut-based GE totaled $39.3 million last year, up 49 percent from 2009, when the company spent $26.4 million, filings show.

“We are a diverse company with broad interests,” said Helaine Klasky, a spokeswoman for GE, when asked to comment on the spending.

President Barack Obama visited a GE plant in Schenectady, New York, today. The company’s chief executive officer, Jeffrey Immelt, has been chosen by Obama to replace former Federal Reserve Chairman Paul Volcker as head of the administration’s outside panel of economic advisers.

[notesdev]

1. We've been reduced to

over-the-counter, outright purchases of high government positions. The last THREE high-ranking appointments by this admin were ALL investment bankers, and two of the three positions have zero to do with finance.

[blindpig]

2. Government is the enforcement branch of Capital. n/t

[peace13]

3. Hence the dopey commercial on TV with the dancing GE employees.

What is the world coming to?

[Autumn]

4. And it worked.

Didn't it?

[sarcasmo]

5. This country is controlled and owned by corporations, those that don't believe so need to wake up.