GE: Dismal Earnings, Blasted Credibility

Deane Dray, an analyst at Goldman Sachs, said in a note to investors Friday that the earnings miss and lowered guidance “raises credibility concerns for GE over the near-term, given that CEO Jeff Immelt had expressed confidence and reaffirmed guidance and operating targets on his March 13 retail Web-cast. This implies that the back half of March deteriorated significantly, which is especially unnerving.”

They should sell off NBC. They could pay off their bond holders, boost their cash reserves, and invest in the company.

Krist on a kracker. Not that this will surprise you, gentle reader. But still, it’s a little shocking to see it out there for all to behold. Turn off your TVs, cancel your subscriptions to cable and print propaganda organs. How many times do I have to ask you? You really feel good that your hard earned slave wages that are taxed to drop bombs on innocent brown people living atop of oil wages go to pay for this man’s salary and antidemocratic projects? Jeebus I’m glad I can’t say I’m doing that.