Just out of curiousity I copied and pasted your question into google, and this is the second link returned: http://www.linkedin.com/answers/finance-accounting/economics/FIN_ECO/736698-45788
Lets see here Despite getting $24.9 million from U.S. taxpayers, GE decreased its U.S.-based employees by 18,000 in 2009, according to the companyâs 2009 annual report.The Obama administration gave corporate giant General Electricâthe parent company of NBC--$24.9 million in grants from the $787-billion economic âstimulusâ law President Barack Obama signed in February 2009
Yes, it appears that, thanks to stimulus money, GE was able to continue its offshoring efforts uninterrupted by the downturn. Who said the stimulus didn't create jobs?!
They didn't even have to "no bid" it! FREE MONEY!! By the fall of 2008, credit had frozen across the financial system, including the commercial paper market. The Fed then purchased commercial paper issued by GE 12 times for a total of $16 billion. http://www.washingtonpost.com/wp-dyn/content/article/2010/12/01/AR2010120106870.html
Who controlled the congress and the senate in 2008? It doesnt matter, Bush and cheney were clowns, Obama and Biden are clowns, and we are currently running a circus which we call government, that has been sold out to the lowest bidder....