The Real Reason Why Santelli Backed Out of His Appearance on The Daily Show

Santelli's little tirade will prove to be a major embarassment because the parent company that pays him, GE, will soon be asking for a bailout themselves. That's right, Santelli's salary will be paid by the taxpayers:

http://www.businessinsider.com/ge-bailout-chatter-begins-2009-3

This is why CNBC is trying to put the brakes on his public appearances.

For a long time they were one of the only companies to have defrauded the

government on military contract!! 1948, I think.

Recently, others joined in!

fail? I second that motion. :P

They work for MSNBC.

I'm sure that Mr. Santelli won't accept another dime in compensation from GE/NBC just so that "someone else" isn't paying his salary, and certainly none of the other do-nothing millionaires at the Chicago Board of Trade.

Right, Mr. Santelli?

Wow, the govt will own NBC.

He doesn't care that his salary comes from the public dole anymore than he cares about the public interest. He's just like everyone else on Wall Street and in the corporate media - he just cares about his six or seven figure salary.

but that just makes it look like they do.

CNBC....it's gotta cost alot of $$$ to run it...??

Only in the last year and a half or so have we seen them off the spigot

to present Olbermann!

General Electric Company (GE) is a diversified technology, media and financial services company. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. As of December 31, 2008, GE operated in five segments: Energy Infrastructure, Technology Infrastructure, NBC Universal, Capital Finance and Consumer & Industrial. In January 2009, the Company acquired Interbanca S.p.A., an Italian corporate bank. In April 2008, Oil & Gas completed the acquisition of the Hydril Pressure Controls business from Tenaris. In September 2008, the Company announced the sale of its Japanese consumer finance business to Shinsei Bank. During the year ended December 31, 2008, the Company acquired Whatman plc; Vital Signs, Inc.; Merrill Lynch Capital, and CitiCapital.

GE Capital is one of four major units of General Electric,<1> On 27 July, 2008, General Electric announced that GE Capital is once again a single unit of GE.

GE Capital is comprised of five sub-units: GE Aviation Financial Services, GE Commercial Finance, GE Energy Financial Services, GE Money (merged with GE Consumer Finance), and GE Treasury.

http://en.wikipedia.org/wiki/GE_Capital

is another giant mistake ---

I

Ptoooey on the Latter Day Pharisees - the Republicon Homelanders

The bulbs are faulty, less bright and don't last as long. GE is a failure.

Right now I've just had a DeLongi toaster oven die --
as I looked into it, it seems that about 25% of them die in from
one month/six months/one year.
Yet, they pretty much have the best reviews of any of the toaster ovens
beyond the Breville $250 models!

You could once buy a GE toaster oven for $29-39 which, if I had kept mine,
would probably still be running!

Most of our products are garbage now and Congress is letting it happen!

to the tune of $139 billion. That's the amount of federal guarantees
extended to GE Capital in November of 2008. So Santelli's own salary,
past and future, is already backed by the taxpayers. Of course, he only
ranted about bailing out the "losers". The winners like himself deserve
all the bailout money they can get.

How about a network for the public -- how novel would that be???

stewart was going to confront with about the astroturfin?

Can't have the employees blasting bailouts when the parent company is begging for money from the govt.

GE would love for everyone to forget that they have been cought red-handed catapulting propoganda.I'm sure there shills have already recieved their marching orders to muddy the waters and distract attention away from their scandalous,if not down right criminal,behavior.

I have to wonder what excuse or distraction they will try to use.

Let GE be taken down by the wolves in the middle of the night. We can use their bones to make spears to hunt the other right wing money machines.

Or amputate and let it die.

I don't want to give GE anything.

What a bunch of losers.

but g.e. was a very fair company, with good benefits, retirement. i know, i am a retiree. they did work you to death but you were compensated well. i do not want to see g.e. fail, this sounds like limpballs' words. g.e. is also into insurance but not like a.i.g.

that would make Mr. Santelli and all those who work for GE...



LOSERS!!!!!!!!

if the taxpayer has to bail them out...

Santelli--thanks for setting up the tee. Now, we're going to whack the shit out of you.

when you point your finger at another's faults, 3 are pointing back at you. oopsie.

dg

Oh pleasepleasepleasepleasepleasepleaseprettyprettyplease GE be stoopid enough after that to ask for a bailout.....I think it would top the ass-kicking Jon gave Tucker a few years back. :evilgrin:

dg

especially given the poor record of CNBC and Santelli.

This is horrible. I am a liberal. I am neither a socialist nor a fascist. Government should not be funding private enterprise. Government should be regulating but not controlling private enterprise. And private enterprise should stand on its own two feet. It turns to taxpayers only after it has made a mess in its pants. Grow up GE.

If you hadn't outsourced all of the jobs of Americans, you would not have the problems you have today. Stop outsourcing and start hiring Americans, and your balance sheets will be back in the black.