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A Brief Tally Of Immelt's Catastrophic Job Creation Skillz

Tyler Durden's picture





 

Congratulations to Jeff Immelt - the uberhead of the soon to be former head propaganda financial station has been appointed to chair the White House's job panel. That said, we wonder just whose leg he had to hump to get that particular job: after all any small business job CEO in America is infinitely more qualified than Immelt to create jobs (unless the jobs in question are 1,000 prop trading positions at Goldman Sachs - since we are rubbing it in in Volcker's face why not go all the way). Dow Jones (link) has created a brief compilation of Immelt's simply tragic job creation track record:

[Immelt] runs a big company, but Immelt has shown more skill at cutting jobs, frankly, than creating. GE finished 2009 with 18,000 fewer US workers than it had at the end of 2008, and US headcount is down 31,000 since Immelt's first full year in 2002. During his tenure, GE workers based in the US as a percentage of total employees has fallen to 44% from 52%.

Uh, Crickets???

 


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Fri, 01/21/2011 - 15:04 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I forget who said it here at ZH...

But, do not buy stocks until GE goes bankrupt!

Fri, 01/21/2011 - 15:15 | Link to Comment hungrydweller
hungrydweller's picture

Immelt has had GE sucking off the gubmint teet his entire career.  Now he has become the teet.  I guess that means he can go suck himself now.

Fri, 01/21/2011 - 15:21 | Link to Comment idea_hamster
idea_hamster's picture

Maybe he'll fire 8% of Americans from being American -- you know, just put them on ships (BDI says this is cheap!) and sail them to international waters.

Done -- unemployment is 2%.  Where's his bonus?

Fri, 01/21/2011 - 17:22 | Link to Comment Agent P
Agent P's picture

Outsource the unemployed to China...he's definitely the right man for the job.

Sat, 01/22/2011 - 10:16 | Link to Comment attst487
attst487's picture

If we want to speed up the jobless recovery we must get rid of all the jobs.

Fri, 01/21/2011 - 15:29 | Link to Comment Hedgetard55
Hedgetard55's picture

Actually I think Immelt has taken Reggie Love's spot on our Down Low Prez's list of servers. Boyz form Chi-town say Barry liked servie from white guys, especially older white dudes but would not return the favor.

Fri, 01/21/2011 - 21:25 | Link to Comment whatz that smell
whatz that smell's picture

immelt goose pie is best when served sloppy; let's eat!!!!!!!!!!!!!!!

Fri, 01/21/2011 - 15:47 | Link to Comment blindfaith
blindfaith's picture

And, they should!  I hate to jump in here, but I have their junk in my house.  STAY AWAY it is JUNK!!!!!

Top of the line Profile and it is JUNK.  Three years old, and the first 18 months the ice maker shot ice cubes across the room to the point that it almost killed the sleeping cat and finally had to be disconnected, the convoluted water dispenser becomes green with trapped mold that you can't easily clean, the water catch tray is below the doorcutout lip for the dispenser, so the overflow water runs in to the inside of the door and rots it, the doors full of rust breakout blisters. The racks are painted not rubber or enamel coated, so they rust.  The convection stove, three burners burned out in two years and they are a fortune each, the fan stopped working, and the paint is flaking because it is PAINT not enamal trim and lettering.  The arched hood motor gets grease in it and has burning wire smell because the filters are to coarse to trap the grease, and there is no capture jar like Jenn Air has.  The "stainless Steel" is the lowest possible grade that can be used...JUNK, JUNK, JUNK!

And to think these jokers are building airplane engines and nuclear reactors.  GOD help us.

I used to have blindfaith....no more.  It is buyer beware, voter beware, citizen beware.

Fri, 01/21/2011 - 15:51 | Link to Comment schoolsout
schoolsout's picture

our water dispenser just quit working...

Profile model...

Fri, 01/21/2011 - 16:30 | Link to Comment homersimpson
homersimpson's picture

Their light bulbs are holding up fairly well, I must admit..

Fri, 01/21/2011 - 16:34 | Link to Comment Hephasteus
Hephasteus's picture

Maybe it was a bad idea getting involved in airplane engines and allowing TSA to rape people before getting on the plane. Kind of bummers ya on air travel. I just got a stupid thing from continental for a air miles card. I should writ them a letter explaing how I don't like perverted ass TSA agents molesting me and won't be traveling on any of their planes ever.

Fri, 01/21/2011 - 17:37 | Link to Comment Agent P
Agent P's picture

Think of all the repair men we can employ. </sarc>

We've had a GE fridge and stove for three years now and have been very pleased with both.  The fridge is nothing special, but the stove (Profile electric oven with gas cook-top) is a tank.

Fri, 01/21/2011 - 15:08 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

What is happening is the corporate takeover of soveirgn nations.  Whatever your view of government is, please put it aside.  Soon it will be corporate sponsored.  This is why GE's stock is skying.  When government bonds collapse, corporate bonds will invert.  Corporations are set to inherit the economic landscape, whatever that will be.  We must stop them, and remake our governments, whatever they would be.

Fri, 01/21/2011 - 16:10 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

FASCISM is when the interests of corporations and the state merge.

Indeed, beware.

Fri, 01/21/2011 - 17:10 | Link to Comment lamont cranston
lamont cranston's picture

But Turbo Timmy uh The Bernank uh yes! Jeffie Immelt makes the trains run on time!!!

I love how GE became a bank but didn't have to follow the salary caps like everyone else, plus didn't have to have that nasty 'stress test'.

Fri, 01/21/2011 - 15:05 | Link to Comment trav7777
trav7777's picture

is it POSSIBLE for Obama to be even MORE transparent in his awarding of gov't positions for his favored contributors?

Fri, 01/21/2011 - 15:08 | Link to Comment Calvin Jones an...
Calvin Jones and the 13th Apostle's picture

Immelt actually gives a lot more to the GOP.  Gotta be bipartisan, don't ya know!

Fri, 01/21/2011 - 16:13 | Link to Comment Cow
Fri, 01/21/2011 - 16:15 | Link to Comment Fazzie
Fazzie's picture

 He promised more transparency and his true colors are showing thru with every move he makes.

 

  Hope and change bitchez!!

 

  52

Fri, 01/21/2011 - 16:33 | Link to Comment AldoHux_IV
AldoHux_IV's picture

It's great, blatanly show how twisted this administration really is, slap a 'move towards pro-business' label on it and let the lamestream media masturbate all over this one as a move in the right direction.

Fri, 01/21/2011 - 19:38 | Link to Comment Mach1513
Mach1513's picture

Despite my utter disdain for Bill, I supported Hillary in primaries. Obamacrats warned me that if I voted for Hillary I'd get the likes of "Rahm-bo", Larry Summers, Gene Serling and Bill Daley in the WH, more tax cuts for "the rich", a sucky healthcare plan, and a never-ending war in BOTH Iraq and Afghanistan. I voted for Hillary - and she lost.

But joke's on me - Obama won and I got it ALL anyway.

Sat, 01/22/2011 - 02:16 | Link to Comment weinerdog43
weinerdog43's picture

This is nothing new.  The American public has been getting hosed since Jimmy Carter's administration.  Reagan just accelerated the process.

Sat, 01/22/2011 - 02:56 | Link to Comment GoinFawr
GoinFawr's picture

Shoulda voted for Ralph Nader when you had the chance.

Fri, 01/21/2011 - 15:05 | Link to Comment SilverIsKing
SilverIsKing's picture

He's going to head the WH's job panel.  Would that be hand job, blow job, or rim job?

Fri, 01/21/2011 - 15:17 | Link to Comment wackyquacker
wackyquacker's picture

good things cum in threes(omes)...

Fri, 01/21/2011 - 15:05 | Link to Comment Devout Republican
Devout Republican's picture

He's a good Christian doing the best he can.

Fri, 01/21/2011 - 15:16 | Link to Comment tickhound
tickhound's picture

Oh for Christ's sake, here we go... foxnews finds zerohedge

Fri, 01/21/2011 - 15:18 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

Devout is a lefty troll.

Fri, 01/21/2011 - 15:22 | Link to Comment tickhound
tickhound's picture

Same specie

Fri, 01/21/2011 - 15:30 | Link to Comment asdasmos
asdasmos's picture

"Is God willing to prevent evil, but not able?
Then he is not omnipotent.
Is he able, but not willing?
Then he is malevolent.
Is he both able and willing?
Then whence cometh evil?
Is he neither able nor willing?
Then why call him God?"

- Epicurus

Fri, 01/21/2011 - 15:56 | Link to Comment snowball777
snowball777's picture

Perhaps you and God have every different conceptions of 'evil'; file under 'mysterious ways'.

Sat, 01/22/2011 - 03:03 | Link to Comment GoinFawr
GoinFawr's picture

Ah yes, the ol' "It's so deep it's meaningless" chestnut. A lotta Spaniard 'heretics' ended up on the racks for questioning that one, or simply eating meat (fish excepted, apparently) on Friday's...

Fri, 01/21/2011 - 16:31 | Link to Comment homersimpson
homersimpson's picture

You're just a dumb liberal doing a stereotypical impression of a Christian comment.

Fri, 01/21/2011 - 17:52 | Link to Comment Devout Republican
Devout Republican's picture

How dare you call me that.  I'm no baby killer!

Fri, 01/21/2011 - 21:21 | Link to Comment whatz that smell
whatz that smell's picture

ouch! say it again and you won't be wrong.

Sat, 01/22/2011 - 02:19 | Link to Comment weinerdog43
weinerdog43's picture

Says the christianist fascist. 

Fri, 01/21/2011 - 15:05 | Link to Comment Cdad
Cdad's picture

Tyler,

LOLOLOLOLOLOLOLOLOL!  Hooootinany!!

OK...I'm out...heading for my closet...gonna pull down them coats on top of me 'cause the cosmic bunny hole thing is really wigging me out.

 

Fri, 01/21/2011 - 15:06 | Link to Comment Calvin Jones an...
Calvin Jones and the 13th Apostle's picture

Don't forget that GE's stock has underperformed the market.  It had until the latest melt-up anyway.

Fri, 01/21/2011 - 15:23 | Link to Comment williambanzai7
williambanzai7's picture

The real question is how many jobs did he move to China. I think you know the answer.

 

Fri, 01/21/2011 - 15:56 | Link to Comment blindfaith
blindfaith's picture

hey Bill, from where I am sitting I am looking up the nose of this piece of shit (and I promissed I would not use 4 letter works on ZH).  He is so low, that shit doesn't even capture the thought.

Fri, 01/21/2011 - 16:15 | Link to Comment williambanzai7
williambanzai7's picture

This whole theme requires a full post. ;-)

Fri, 01/21/2011 - 15:58 | Link to Comment DisparityFlux
DisparityFlux's picture

I think the Chinese just named a hall in the Forbidden City to honor Immelt and GE, the "Hall of Backroom Deals (non-union)."

Fri, 01/21/2011 - 16:30 | Link to Comment traderjoe
traderjoe's picture

Article about GE in local paper the other day - moving aerospace tech to China to help them build planes to compete with Boeing. GE VP essentially said they had to in order to be at the party - and they wanted to be at the party. 

As mentioned by others - Corporations are the sovereigns. With no nationality. No accountability to any shareholders. Essentially big giant tickets for executives to get large bonuses and options. Ownership is too diffuse to provide any checks and balances. 

Fri, 01/21/2011 - 21:38 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

Perhaps Boeing should buy Pratt and Whitney. And tell GE to pound sand.

Fri, 01/21/2011 - 20:20 | Link to Comment Don Birnam
Don Birnam's picture

"The White House Council on Jobs and Competitiveness."

It has that ring to it -- like some usless appendage "committee" attached to the Soviet Presidium of old.

Fri, 01/21/2011 - 15:08 | Link to Comment Hondo
Hondo's picture

I agree this guy is a clown.  He ran his company into the ground and needed taxpayer bailouts to survive and the idiot Obama is going to ask him for advice.........fools everywhere.

Fri, 01/21/2011 - 15:27 | Link to Comment Millivanilli
Millivanilli's picture

Obama is a joke/crook/lackey.  Your choice.

Fri, 01/21/2011 - 15:55 | Link to Comment DonnieD
DonnieD's picture

That's a tough choice.

Fri, 01/21/2011 - 17:30 | Link to Comment tip e. canoe
tip e. canoe's picture

(d) all of the above.

Sat, 01/22/2011 - 12:41 | Link to Comment Milestones
Milestones's picture

The word PUNK fits.     Milestones

Fri, 01/21/2011 - 15:09 | Link to Comment drink or die
drink or die's picture

The term "outrage fatigue" comes to mind.  Can't say this announcement really surprised me though.

Fri, 01/21/2011 - 15:10 | Link to Comment Cdad
Cdad's picture

Hurry up closing bell.  I can hear my martini shaker calling to me from the other room.

Fri, 01/21/2011 - 18:25 | Link to Comment Arkadaba
Arkadaba's picture

I've had "outrage fatigue" for most of the past decade.  It really is ridiculous.

Love your moniker btw ... now time for a scotch :)

Fri, 01/21/2011 - 20:21 | Link to Comment Don Birnam
Don Birnam's picture

Now that's an avatar ! Cheers !

Fri, 01/21/2011 - 15:12 | Link to Comment rapier
rapier's picture

Thank God he finally ditched that old grouch Volker. The job of this reformulated commission is simply optics. The optics are absolutely stupendous in that it's an assault on the vanishing Democratic wing of the Democratic party and nothing makes the mainstream press happier than that. Well played.

Fri, 01/21/2011 - 15:12 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

Without crony capitalism, GE would be a smoking crater.

Fri, 01/21/2011 - 20:26 | Link to Comment Don Birnam
Don Birnam's picture

Perfect imagery.

Fri, 01/21/2011 - 15:13 | Link to Comment blindfaith
blindfaith's picture

First we learn about Greenspan, and now this.  Can anyone in America be so thick headed that they can not see that a plan has been in the works for decades to destroy American workers, general wealth, and faith in the "American" way of life which includes faith in our leaders of government and commerce, religious leaders and the integrity of the media?

Chumps, we are all chumps.  And, now we trust this new group of politians to fix things.  I would think my faith would be better placed in a sleepy drunk truck driver at 4 AM on a dark road, at this point, not to hit me.

Exactly when does trust and faith end for people?

Fri, 01/21/2011 - 15:14 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Just like the old saying, "Set a douchebag to catch a douchebag"...

uh, erm.. hmmm.

Fri, 01/21/2011 - 15:16 | Link to Comment ReeferMac
ReeferMac's picture

After everything that's been done to this country...

After everything that has happened to the economy.....

After every Reaction the government has taken to the situation....

 

 

... You're still surprised they selected some shill from GE to send more job overseas?

Really? You haven't been paying attention....

They put an ex-Goldmanite in charge of shit at the SEC!!!!! It makes perfect sense to install a person KNOWN for sending work overseas to be in charge of jobs here in the US.

Fri, 01/21/2011 - 15:16 | Link to Comment whisperin
whisperin's picture

I haven't looked at GE in a while but don't they still have around 400B backed Uncle Sam at 3% or so? What rate the market would give them without those guarantees? Just guessing 8%? Anyway I wonder if the debt service would eclipse operating earnings. I suppose success could be measured by how big a ward of the state you are.

Fri, 01/21/2011 - 15:18 | Link to Comment knukles
knukles's picture

New concept.....  "wad of the state"

Fri, 01/21/2011 - 15:19 | Link to Comment knukles
knukles's picture

When ya' taken all the bailout loot from the gum-bad-mentals ya' sometimes gotta bow to the wrong lines amongst the hoots and hollers.

He ain't gonna do shit fer shinola anywho, gits a staff of a bazillion PR folk to do the "woik" while he goes to chin chin jaw jaw with the big apes, monkeys, lizards, anteaters, opossums, gnats, flies, snakes, snails, leeches, 'squitos, pigs and woolly mammoths in the big sucking sound city of the woild.

Gotta hand it to him.  Even if he gets fired, he's all in, double down winner for the daily champagne and blow job special.

Fri, 01/21/2011 - 15:19 | Link to Comment chet
chet's picture

I wish that government would stop talking about "creating jobs", unless they mean physically handing a check to a private-sector contractor to build a freeway or something.  Even then it's being done with debt/tax money.

Fri, 01/21/2011 - 15:20 | Link to Comment tickhound
tickhound's picture

"Change" is political code for "keeping things the way they are"

Fri, 01/21/2011 - 16:07 | Link to Comment KickIce
KickIce's picture

No, he's managed to take the corruption to a whole new leve.

Fri, 01/21/2011 - 15:24 | Link to Comment Big Ben
Big Ben's picture

Jack Welch was also famous for cutting unprofitable divisions. He was nicknamed "Neutron Jack" by GE employees. But he was able to grow the company's bottom line. It is clear that Immelt is no Jack Welch.

Fri, 01/21/2011 - 15:33 | Link to Comment Hedgetard55
Hedgetard55's picture

Jack Welch was no Jack Welch - just one more POS CEO who raped his company and played accounting games.

Fri, 01/21/2011 - 17:26 | Link to Comment Big Ben
Big Ben's picture

As a former GE shareholder, I disagree. The GE stock price went from something around $1 when he took over to around $40 when he retired. This is considerably better than the DOW during this period. Earnings went from around $27 billion to around $130 billion. Market cap went from $14 billion to $410 billion. Welch's net worth is less than $1 billion, and I don't begrudge him a penny of it, considering that he added almost $400 billion in market cap.

He wasn't superman (or even Steve Jobs) but he was a lot better than most CEOs.

Fri, 01/21/2011 - 15:30 | Link to Comment sbenard
sbenard's picture

So while Immelt likes to TALK jobs creation, he's really much better at DESTROYING them. Kind of like his new boss!

Fri, 01/21/2011 - 15:33 | Link to Comment onlymyopinion
onlymyopinion's picture

The jury may be out on Immelt however if GE's latest ER is any indicator, at todays prices the stock could be a buy of the year.  IMO, big caps will lead in 2011. 

Fri, 01/21/2011 - 15:38 | Link to Comment entendance
entendance's picture

Sheep!

<...this President continues to show that he is a President of the special interests and NOT OF THE PEOPLE.>

http://www.entendance.com/forums/viewtopic.php?f=6&t=791&p=14898#p14898

 

Fri, 01/21/2011 - 15:47 | Link to Comment RobotTrader
RobotTrader's picture

Investors are voting today with a stamp of approval.

Fri, 01/21/2011 - 16:05 | Link to Comment KickIce
KickIce's picture

Yep, gives their CEO additional access to the printing press.

Gotta love capitalism in its purest form.

Fri, 01/21/2011 - 16:19 | Link to Comment Joe Davola
Joe Davola's picture

Addition by subtraction?

Fri, 01/21/2011 - 16:53 | Link to Comment lieutenantjohnchard
lieutenantjohnchard's picture

you can always count on old catfish mouth robo yesterday's news uber bull to top tick: recently he regaled us with zlc @ $5.88. now $4.88. then it was aapl @ a/h $357. now $327.50. then it was goog yesterday $653.8 now $614.15.

to use his words of description: i think he's getting blow torched full throttle.

 

Fri, 01/21/2011 - 15:49 | Link to Comment thepigman
thepigman's picture

GE's still basically a hedge fund
with some sideline actual businesses,
so Immelt makes all the sense in the
world next to getting Lord Blankfein.
Obama's such a sellout.

Fri, 01/21/2011 - 15:55 | Link to Comment thepigman
thepigman's picture

Perfect, actually. Obama gets a "pretend"

adviser to advise him on the "pretend"

economy.

 

Fri, 01/21/2011 - 15:50 | Link to Comment jpintx
jpintx's picture

A rent seeking clown, gumint could do worse though, I just don't know who or how.

Without a circumcision, he never would have seen the light of day.

Fri, 01/21/2011 - 16:10 | Link to Comment gwar5
gwar5's picture

Immelt and Blankfein are the mother of all cronies and Obamabaggers.

These cronies are going to get us out of this mess? How? These oligarchs are getting so fat sucking off the public tit they can't see their toes anymore. Same old faces, they've been there all along. Nothing new here. 

And now we find out, GE is also a bank these days according to the Bernank, and entitled to bank bailouts while they were/are making profits all along. 

.

 

Fri, 01/21/2011 - 16:12 | Link to Comment colonial
colonial's picture

Immelt has been lousy for GE.  The stock has been dead money (can we say dead money?) since he took over. 

Luckily for Jeff, he has the incredible dumb power of the federal system behind him. 

What these morons do not understand, with Obama being the moron-in-chief, is that "jobs" are NOT created. Economic growth fosters job growth.  Employers will hire employees when they see economic prospects improving. 

But I've got to give some credit to Jeff.  He picked the right time to jump on the employment train.  At some point there has to be some up-tick in employment. 

The federal machine, soon to be helped by the Obama re-election campaign, will spin job growth in ways that even a Wall Street quant will have to admire. 

We're talking "job alchemy" here. 

Fri, 01/21/2011 - 16:52 | Link to Comment Salinger
Salinger's picture

from the archives of the Washington Post

Monday, June 29, 2009

How a Loophole Benefits GE in Bank Rescue

General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks.

At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government.

 

 

The company did not initially qualify for the program, under which the government sought to unfreeze credit markets by guaranteeing debt sold by banking firms. But regulators soon loosened the eligibility requirements, in part because of behind-the-scenes appeals from GE.

 

 

As a result, GE has joined major banks collectively saving billions of dollars by raising money for their operations at lower interest rates. Public records show that GE Capital, the company's massive financing arm, has issued nearly a quarter of the $340 billion in debt backed by the program ...

 

http://bit.ly/yrVcF

 

and who can forget this

 

 GE CEO Immelt Meddled in Network's Editorial Coverage  http://newsbusters.org/blogs/jeff-poor/2010/09/14/former-cnbc-reporter-ge-ceo-immelt-meddled-networks-editorial-coverage#ixzz1Bhn0vvaW
Fri, 01/21/2011 - 17:00 | Link to Comment Atomizer
Atomizer's picture

Obama & Immelt equate to, the blind leading the blind.

Fri, 01/21/2011 - 17:11 | Link to Comment bankonzhongguo
bankonzhongguo's picture

Don't forget. 

Jeffery is a renaissance man.

While sending jobs, technology and basic sciences to China, he is also on the Board of the New York Fed - B Shares - "representing the public."

http://www.ny.frb.org/aboutthefed/org_nydirectors.html

Amerika looks more like the Soviet Union everyday.

From his bio, I like the whole "Robin Hood" NY poverty philantropy angle.

'Steal from the rich to give to the poor.'

I've been to those fund raisers.  The joke is: "Robbing the 'hood."

Another sociopath at your service.

How much TARP did GE get again? - 'Stole from the poor to give to himself.'

All this really goes to show how dangerously shallow Obama's south Chicago Jewish mafia really is after the 5th inning.

How's that Hawaiian birth certificate coming?

 

Fri, 01/21/2011 - 17:53 | Link to Comment DR
DR's picture

Wait!

I thought with Obama's replacement of Rahm with Daley he was signaling a change of guard.
Jews/GS/Volcker/out  - WASP/JPM/Immelt/in

Just wait until Bernanke is removed...

Fri, 01/21/2011 - 17:46 | Link to Comment Salinger
Salinger's picture
Class B elected by member banks to represent the public  

Jeffrey R. Immelt () 2011
Chairman and Chief Executive Officer
General Electric Company

Fri, 01/21/2011 - 17:25 | Link to Comment Salinger
Salinger's picture

who is worse, Timmay, Larry or Jeff the bailoutist?

Fri, 01/21/2011 - 17:38 | Link to Comment buzzsaw99
buzzsaw99's picture

Ahhhhhhhhhhh!!! You cursed brat! Who would have thought that some little debt bubble like you could destroy my beautiful wickedness. IMMELTing IMMELTing! OHHHHHHH!!! NO!!!

Fri, 01/21/2011 - 21:17 | Link to Comment whatz that smell
whatz that smell's picture

stop it you're killing me. behold the wicked and their wickedness!

Fri, 01/21/2011 - 17:49 | Link to Comment countryboy42
countryboy42's picture

Screw it. It's Friday. Time to go drink whisky, kick some puppies, and reload ammo.

Fri, 01/21/2011 - 21:15 | Link to Comment whatz that smell
whatz that smell's picture

drinking whiskey yes but why kick a puppy? don't make me call you a pussy.

Fri, 01/21/2011 - 18:17 | Link to Comment Ricky Bobby
Ricky Bobby's picture

I hate it, but it is full on State Capitalism or is that Corporate Statism. Which ever way you look at it we have morphed into Empire. Can't wait for Caesar to declare "I am God". Which general is going to march on Washington, where is the Pretorian Guard when you need them. It's bread and NFL Play Offs bitchez. I am running but there is no where to hide, the fucking apparatchiks will find you no matter what.  There is no hope, got to be a new religion somewhere.

Fri, 01/21/2011 - 19:19 | Link to Comment DR
DR's picture

Long live the Republic!

Fri, 01/21/2011 - 18:18 | Link to Comment Apocalicious
Apocalicious's picture

The Immelt job creation plan will be similar to the Bernanke strong dollar policy, and similar to all the squid-approved financial regulators' protect-the-little guy/level the playing field mandates.

 

The end is near...and it will be Apocalicious.

 

 

Fri, 01/21/2011 - 19:54 | Link to Comment Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Hey, if Obama was qualified for POTUS, if Biden was the man for VPOTUS, if Tax-free Tim was the right guy for TreasSec, then ImminentMelt is awesome for JobCzar.

Fri, 01/21/2011 - 20:10 | Link to Comment SwingForce
SwingForce's picture

Yes, today is "opposite day".

Fri, 01/21/2011 - 20:04 | Link to Comment SwingForce
SwingForce's picture

Reminds me of Cramer's Tshirt for Nardelli, "I wrecked Home Depot, and All I got was This Lousy T-shirt & $200 million!" http://cache.gawkerassets.com/assets/images/12/2008/12/Bob-Nardelli-T_Sh...

Fri, 01/21/2011 - 21:12 | Link to Comment whatz that smell
whatz that smell's picture

when you say it like that i want to hump my own leg.

Fri, 01/21/2011 - 22:36 | Link to Comment GoinFawr
GoinFawr's picture

IMMELTdown IMMinent?

Sat, 01/22/2011 - 10:46 | Link to Comment carbon
carbon's picture

Uh ! what a doom and gloom story,

Again the best site THERE IS.

And keep up the good works

to You people all the best in

2011 

Sat, 01/22/2011 - 11:07 | Link to Comment Quinvarius
Quinvarius's picture

A lot of the problems in the USA are the result of printing money along side central bank dollar propping operations to hide it.  The result is we appear overpaid, but can't afford shit.

Do NOT follow this link or you will be banned from the site!