GE enjoys best profit outlook in a decade
 

GE and Comrade Obama are tight. Tight. Both are lead by Socialists and Comrade Obama boosts GE's profits by sending lots of "green" energy projects their way (GE is the world's largest maker of windmills) and GE boosts Comrade Obama's campaign coffers through loads of employee political contributions. It's a win-win situation.

Yes, even Socialists love to make money---they just don't want anyone else to make money as well.

http://news.yahoo.com/s/nm/20110427/bs_nm/us_ge

GE sees best profit outlook in a decade, execs say

By Scott Malone Scott Malone – Wed Apr 27, 4:05 pm ET

SALT LAKE CITY (Reuters) – General Electric Co sees its best earnings growth prospects in a decade as the global economic recovery drives demand for the heavy energy and aviation equipment it makes, top executives said.

Rising oil prices have not yet taken a toll on global growth rates, Chief Executive Jeff Immelt said at the company's shareholder meeting on Wednesday.

"Things are getting better every day. The global economy outside the U.S. is strong," he told reporters.

Asked about oil prices, which have risen about 33 percent over the past year on rising demand, particularly in emerging markets, Immelt said they have not yet taken a toll on growth.

"It's something to think about, but it doesn't seem to be hurting the economy," he said.

The U.S. economy is also improving, he added, although the housing sector remains a weak spot.

You do realize, of course, that GE is one of the largest contributors to just about every Republican Congressman, past and present for the last, oh, 100 years? No? I didn't think so.

Its better to be thought a fool then open your mouth and remove all doubt.