OBAMA GAVE GENERAL ELECTRIC MILLIONS OF STIMULUS DOLLARS

Remember that $787 Billion stimulus bill in early 2009 that was supposed to jump-start the economy? Did you ever find yourself wondering where it all went? Well, you can at least put your mind at ease about $24.9 Million of it. It ended up safe and secure, in the hands of General Electric CEO Jeffrey Immelt, who was also on Obama's Economic Recovery Advisory Board. Well, if the stimulus was about creating jobs and GE received nearly $25 Million, surely they experienced growth, right?

Uh, not so much. CNSNews reported that GE actually LOST 18,000 jobs:

(CNSNews.com) - The Obama administration gave corporate giant General Electric—the parent company of NBC--$24.9 million in grants from the $787-billion economic “stimulus” law President Barack Obama signed in February 2009, according to records posted by the administration at Recovery.gov.

Despite getting $24.9 million from U.S. taxpayers, GE decreased its U.S.-based employees by 18,000 in 2009, according to the company’s 2009 annual report.

I know Obama's approval rating continues to drop but the fact that he has any supporters at all is truly an amazing phenomenon. Even more amazing is that an average of 25% of Americans still Strongly Approve of his performance.

It would seem to me that there is no defense for this one on the part of team Obama. You'll remember that one of their favorite word games includes the phrase, "jobs created or saved." The logic was that had the stimulus not been passed, many more jobs would have been lost. Ok, so how can this administration explain $25 Million going directly to General Electric, who then proceeded to slash 18,000 jobs?

Clearer evidence that the stimulus DESTROYED jobs you will not find.

h/t Gateway Pundit