Gasparino Confirms Jeff Immelt Scolded CNBC Staff For Being Anti-Obama

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Tue, 08/10/2010 - 23:37 | 514460 Farcical Aquati...
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If only it were the 18th Century.  Immelt would challenge Gasparino to a duel.  They'd shoot each other.  Life would move on.

Tue, 08/10/2010 - 23:44 | 514472 Stink_Pickle
Stink_Pickle's picture

assuming immelt could make it through the pitchforks first

Wed, 08/11/2010 - 02:58 | 514670 suckapump
suckapump's picture

Well, it looks like Fox isn't the only network that's "Fair and balanced".

Surprise, surprise, surprise.

Wed, 08/11/2010 - 09:10 | 514935 william the bastard
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It's funny but I've watched an hour of CNBC this morning and they have made no mention of l'affaire Gasparino. None.

Wed, 08/11/2010 - 11:54 | 515368 Buzz Fuzzel
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Call it what it is, financial porn.

Tue, 08/10/2010 - 23:43 | 514469 Perseus son of Zeus
Perseus son of Zeus's picture

Immelt and Wait.

Tue, 08/10/2010 - 23:44 | 514470 SignsAndWonders
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Sadly, this is not news to anyone who understands media.  There is no deep reality; there is no true news.  Everything comes with a slant, consciously or not.

If you're looking to any one source, ZH included, to build a worldview, you're only seeing part of the spectrum.



Wed, 08/11/2010 - 10:41 | 515150 kingwallop
kingwallop's picture

wow deep

Tue, 08/10/2010 - 23:51 | 514477 Mercury
Mercury's picture

Well there's still Rick Santelli.

And Joe Kernan, who doesn't otherwise add much value, still regularly frowns at a lot of the Administration's rainbow and unicorn crap.

It would be nice to see a live, on-air throw down...

Wed, 08/11/2010 - 06:56 | 514772 johngaltfla
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Yeah but rumor has it Rick got into a heated discussion after being scolded for his famous Tea Party rant.

Wed, 08/11/2010 - 07:30 | 514796 duo
duo's picture

I heard Kernan say twice in one week that "a vote for Obama was a vote for health care reform, so Obama gave people what they wanted".

Kernan takes the pro-Obama side of every conversation if the guest (rarely) questions policy.  He must be on all sorts of anti-depressants.

Tue, 08/10/2010 - 23:47 | 514478 Spitzer
Spitzer's picture

I think some Austrian economist read the riot act to  Bill Oreilly on the US dollar. Any time he talks about deficits and government spending on his show, he mentions that it will kill the dollar.(Hyperinflation)

Seems like Bill is an inflationist.Smarter then allot of the drips commenting on here.


Tue, 08/10/2010 - 23:54 | 514485 Graphite
Graphite's picture

Yeah, cuz when the Fed announces a QE extension and gold rallies $5, we know the hyperinflationary maelstrom is just around the corner.


I love the Austrians but they're not helping their credibility with the constant inflation carping.

Wed, 08/11/2010 - 06:35 | 514761 Catullus
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I suppose you missed the near doubling of US equity markets, nearly tripling of oil, and food prices skyrocketing as a perfect dovetail to the deflationist arguement.

Wed, 08/11/2010 - 10:43 | 515153 kingwallop
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papa beezee on hyperinfleezee

Tue, 08/10/2010 - 23:49 | 514480 monopoly
monopoly's picture

cnbc is the idiot channel. Sheeples watch and believe what they see. It is such a waste. I never have it on while trading but do watch averages on mute at times.

Well, there is Amandas cleavage. That helps. What a wasteland.

Tue, 08/10/2010 - 23:52 | 514483 Rick Blaine
Rick Blaine's picture

This doesn't surprise anyone, does it?

That being said, my favorite is still CNN's coverage of the guy in AZ with the AR-15 at the event at which Obama was appearing...

After going out of their way not to show the color of the guy's skin (he was African-American), their commentator's went on to suggest racism was involved.



Wed, 08/11/2010 - 00:00 | 514499 IrishSamurai
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Dylan Ratigan "CNBC-flunkie, MSNBC-junkie" used the same clip in another segment to demonstrate Tea Party racism and extremism ...Note:  Dylan didn't show that the guy toting the weapon was black either ...

Realize that to some on ZH that Ratigan is a third-rail between the left/right false dichotomy we have going in this country as lot of friends of both political flavors love this guy for some reason, but he is as sleazy and full of crap as the next talking head ...

Wed, 08/11/2010 - 01:50 | 514629 Conrad Murray
Conrad Murray's picture

He's exactly the same as Grayson.  Right on a very narrow band of federal policy, complete POS elsewise.

P.S., O.T., My captcha:

__ plus zero equals 37...I win!

Wed, 08/11/2010 - 00:05 | 514486 Village Idiot
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"We just hope readers keep all this in mind if they ever are exposed to CNBC content."


I was inoculated.  Also, I am immune to e coli.

Wed, 08/11/2010 - 00:03 | 514508 Cursive
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I'm enjoying watching Immelt self-immolate.  The only growth engine right now for the GE megafrauds are "green technologies."  Ever notice that really annoying green peacock?  Smart metering won't save you any utilities, but it will put a meter reader out of work and it will allow the utility/government to turn of power to your house with the press of a button.

Wed, 08/11/2010 - 00:15 | 514512 Anarchist
Anarchist's picture

Considering GE had it's ass saved by the US taxpayer, Immelt though better about spitting in the eye of Odummo and his financial wizards. GE also bet big on the carbon tax and wind power scams that will cost the taxpayers even more.

Anyone who thinks the Repugs once they regain power are going to turn the Titanic before it hits the iceburg are beyond clueless.

Wed, 08/11/2010 - 00:50 | 514568 Anarchist
Anarchist's picture

Junk huh. GE Capital was a black hole until saved by the US taxpayer. Can you say TARP or FDIC?

Wed, 08/11/2010 - 01:07 | 514590 knukles
knukles's picture

And add in ...

One of the largest defence contractors (Fuck all, nothing to do with it there, huh?)

Owns CNBC, as a tip of the hat to the Obama Administration, and before that anti-Bush (Oblerman spitting is such a trip) and,

NBC gets their broad cast licenses through the FCC

Not like there's Any Connection

So, for several years, till I'm blue in the face, told I'm crazy, OUR Gubmint wouldn't do that...  Finally, it comes from the source of sources.

The discredited disgruntled former employee, as say those who were once Haters of CNBC as it was too Capitalist, who today, point out that they are supportive of the Administration, thus DC is doing a good job.

(Primal Scream)

Wed, 08/11/2010 - 09:44 | 515005 Chump
Chump's picture

It's just hard for some folks to let go of the red-blue false dichotomy.

Wed, 08/11/2010 - 14:17 | 515894 RockyRacoon
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"The danger to America is not Barack Obama, but a citizenry capable of entrusting a man like him with the Presidency.  It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president.   The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince.  The Republic can survive a Barack Obama... who is, after all, merely a fool.  It is less likely to survive a multitude of fools such as those who made him their president."

- Author Unknown

Wed, 08/11/2010 - 15:52 | 516237 BarrySoetoro
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There's no false dichotomy.  You either support statism or you oppose it. 

Wed, 08/11/2010 - 09:55 | 515023 docj
docj's picture

Anyone who thinks the Repugs once they regain power are going to turn the Titanic before it hits the iceburg are beyond clueless.

Pretty sure this is why you were Junked (nope, wasn't me).  But yes, anyone expecting anything to change when/if Team Red gets the levers of congressional power (House, possible - Senate, no way, the numbers just don't work) is surely to be sorely, deepely disappointed.  Been there, done that myself.

Wed, 08/11/2010 - 00:10 | 514514 SilverIsKing
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>>> In February 2009, Immelt was appointed as a member to the President's Economic Recovery Advisory Board to provide the president and his administration with advice and counsel in fixing America's economic downturn. <<<

Wed, 08/11/2010 - 02:08 | 514644 Milton Waddams
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He is, along with the CEOs of Pfizer and Loews, a Class B member of 33 Liberty's Board of Directors.

Class B directors are "elected by member banks to represent the public".

Wed, 08/11/2010 - 00:19 | 514517 aint no fortuna...
aint no fortunate son's picture

I don't know.. I would like to have a count of how many Repug Congresscrooks have appeared on the 7:00-9:30 a.m. segments vs. how many Dem Congresscrooks over the past 2 years. I'd put it easily at 2-1 Repugs - maybe even 3 to 1. Then there's S. Dickwad Forbes (when is he gonna get those acne scars sanded down????) who has a guest of honor slot once every two weeks, Gingrich, Cantor, Ryan and a whole slew of other regulars who virtually own the guest slots, and a stable of crotchety old republican fund managers who all should have resigned after the '87 crash. And of course that hot babe... Kay Bailey Hutchins or whatever her name is... she used to show up once a week. Kernan might as well be a Fox propagandaman he's so blatant about it, and even Quintanilla isn't so administration friendly when he's not pandering to Zucker for a NBC anchor job on nightly news.

But its not like I'm thrilled to see the Dems either, I'm just saying. You notice I say "see" because obviously I have enough self respect to keep it on mute but I like to see the pretty tickers go by. And when the bell rings at 9:30 even the video goes off.

Wed, 08/11/2010 - 09:46 | 515010 Chump
Chump's picture

What a stupid, pointless rant.

Wed, 08/11/2010 - 00:24 | 514537 lizzy36
lizzy36's picture

You forgot to cover how it looks like the $150M investment by GE (Goldman, JPM and other banks plus the Feds $75M) in the Administrations most favored ShoreBank is now going to have to be eaten as it is likelyfacing FDIC Resolution Process.  Having a capital shortfall in the neighborhood of $75m-$275m.

One wonders if there will be an investigation into exactly why Lloyd Blankfein was making calls to other bank CEO's to raise money on behalf of this bank, why the feds injected $75m, and what role Valerie Jarrett (one of the remaining Obama economic advisors) and her ties to ShoreBank had to do with all this fundraising activity.

Of course one is clearly delusional. 


Wed, 08/11/2010 - 00:51 | 514569 chet
chet's picture

Well, I can't deny that Fox News is an authoritative source on the subject of politically biased media.

Wed, 08/11/2010 - 00:54 | 514575 midtowng
midtowng's picture

LOL! And Fox News wouldn't have ANY reason to accuse CNBC of a pro-Obama, especially when they have a competing business news network.

Wed, 08/11/2010 - 01:20 | 514603 knukles
knukles's picture

Fox and NBC via Fox "fair and balanced" News and MSNBC (home of the loose screw and nut brigade) as well as the opposing CNBS and Fox BusiNot News, are all playing on the same team, just like the Democrats and Republicans who are the same party but simply wear different colored jerseys for Public Scrums. 

The System Must Feed and Nurture both the left and the right in order to (manipulate) encourage the sheeple to debate the fine dichotomous points of immaterial indifference so TPTB can continue looting the Dept. of the Treasure.

And if you think anything differently, they've got you believing exactly what they want, encouraging focus upon Diversions whilst the Looting Continues Unabated.

Remember, after the mid-terms for example, there will be no more or less congresspersons or senators.  The same amount of lobbying cash and campaign contributions will be allocated over the same number of heads. 
The same media outlets will have fresh, new Distractions to mollifty the electorate. 

The two sides of the media opinion disputes will remain as before, useful to keep the taxpayer from discovering the Truth about Governance.  Like watching sausage being made.  Disgusting. 

Josef Goebbels would be Proud!

Wed, 08/11/2010 - 07:34 | 514801 Nikki
Nikki's picture

You have listened and learned. +++

Wed, 08/11/2010 - 09:47 | 515015 Chump
Chump's picture

Knocked it out of the park.  +1

Wed, 08/11/2010 - 16:10 | 516321 BarrySoetoro
BarrySoetoro's picture

The level of paranoia here is stunning.  It sounds really bitchin', but what, pray tell, is "immaterial indifference?"  That is an amazingly moronic phrase that has absolutely no meaning.  And "TPTB"...hmmmm, would that be the Masons? Or the New World Order? The CFR?  Or maybe its [whispered voice] "the Jews."  The PTB are the people who are voted into office...often after avant garde free thinker "above the fray" types go third-party so that they can continue to whine and bitch about hidden boogey-men instead of actually going out and educating themselves via sources other than fringe kooks.  When I used to work in the core of downtown, I would see rabble and street urchins wandering around, drunk and crazy, while they hit up people for money...and the vast majority of them could be heard from time to time rambling on about....that's right: "The Truth"

Wed, 08/11/2010 - 00:52 | 514571 midtowng
midtowng's picture

CNBC content is questionable, but not because it is pro-Obama. It is questionable because it is pro-Wall Street.

If you can't see that then you are blinded by partisanship.

Wed, 08/11/2010 - 01:24 | 514610 ColoradoNugget
ColoradoNugget's picture

CNBC was and is "too anti-Obama", and Gasparino was one of the main bashers.  He'd say things like how he was for Bush and the Iraq war, for God's sake.  Then there's Kudlow, Kernan, Caruso-Cabrera, Francis, Regan, and others.  It's more to the right than O'Reilly's Fox News, and the most corporatist network of all.  Immelt pointing out the obvious to senior staff was just stating the obvious.  Probably not good for ratings or ad revenues to bash Obama, especially back in early 2009 when this alledged meeting took place, before his poll numbers dropped.  I have no problem with what Immelt did if this story is true.

BTW, O'Reilly has been on an irrational vendetta against NBC ever since Keith Olbermann made him his regular "Worst Person in the World" on MSNBC.  So bringing in Charlie to support his false narrative (GE is neither to the left nor pushing a liberal agenda on its NBC news outlets.....see CNBC) is not a surprise.

Wed, 08/11/2010 - 04:30 | 514696 BarrySoetoro
BarrySoetoro's picture

So I assume you would have liked to see Ben Bradley take Woodward and Bernstein to task for being "too anti-Nixon."  A media outlet that is a rubber-stamp and a cheerleader for the administration loses credibility rather quickly.  Franlky, after the $800b cram-down crap sandwich known as ARRA, I don't think there could be such a thing as being "too anti Obama."

Wed, 08/11/2010 - 07:17 | 514784 youngandhealthy
youngandhealthy's picture

I agree with you. As a non-american I feel CNBC, and FOX also for that matter, very repulsive. They talking someones book all the time, be it GE, GS, or any other.

The only person I listen to is Rick Santelli. His rant I just dismiss as a slip.-

Wed, 08/11/2010 - 01:32 | 514619 Temporalist
Temporalist's picture

Just waiting for Gasparino to report on how Fox shills for Repubs...and then he gets a grip on reality and realizes he's part of the corporatocracy.

Wed, 08/11/2010 - 02:02 | 514638 Reese Bobby
Reese Bobby's picture

You have so keenly honed in on the key difference between Republicans & Democrats.  Try reading ZH before you pain us with your comments.  Read: there is no difference...

Wed, 08/11/2010 - 13:18 | 515723 Temporalist
Temporalist's picture

Bobby if you read my comment you will realize that was my point.

Wed, 08/11/2010 - 02:23 | 514654 huckman
huckman's picture

The networks have shot themselves in the foot.  The in-the-tank MSM confirms it and so what do ya get?  The death of telivision.  Kids dont even watch it.  Stay thirsty, I mean informed my friend. 



Wed, 08/11/2010 - 02:42 | 514659 DMA Trader
DMA Trader's picture

that pretty obvious.

Wed, 08/11/2010 - 03:33 | 514680 No More Bubbles
No More Bubbles's picture

Did people forget that Immelt himself blasted the Obama administration recently?


"When citizens distrust big business, governments will follow suit," Jeff Immelt, the chief executive of General Electric, wrote to shareholders earlier this year. "We can find ourselves in a sort of 'dark cycle,' where the people who can make our economy better are considered its worst enemies. The rallying cry becomes, 'Why can't you clowns just create some jobs.' "

Wed, 08/11/2010 - 07:18 | 514785 New_Meat
New_Meat's picture

poor jeffy was just frustrated, because O has tricked him. then he recanted.  - Ned

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