- Constitutional Patriots Info Handout - Click to DownloadSome of the representations in this article are the same as found in Progressive Destruction of the AARP. The limited, common text is understandable since both articles are variations on a common theme – “Progressive destruction.” This writing discusses destruction of one of the world’s largest corporations.
Every Train Wreck Requires a Train
While government "by the people" is bottom-up, what Obama and his crowd have in mind is a top-down leadership by hijacking and destroying large entities. To that end, Progressives are taking over and destroying network media, newspapers, the AARP, the Democrat Party, etc. Chairman Jeffrey Immelt was not able to destroy the General Electric Company through six years of incompetent leadership. So by early 2008, he had jumped on the Progressive ObamaTrain.
An understanding of corporate (i.e., group) suicide is elusive to all of us. However, people have seen this phenomenon sufficiently often to recognize it when they see it.
· Print and network media persisting in promoting a Liberal bias, even as their readerships / viewerships tank.
· Rev. Jim Jones leading 909 people to “revolutionary suicide” in Jonestown, Guyana (1978) while counseling, “Stop this hysterics. This is not the way for people who are Socialists or Communists to die. No way for us to die. We must die with some dignity.”
· Our Creator asking the nation of Israel, “Why do you want to die ?” (Ezekiel 33:11).
We now see the General Electric Company opting for Progressive destruction. A scenario worthy of consideration . . .
Progressives have a consistent track record of destroying host entites.
The word “Liberal” did not have a negative connotation in the late 1800s and early 1900s. Then Progressives hijacked the Liberal movement, and Liberals were forced into hiding around 1920. The Liberal brand was poisoned by Progressives, so the Liberal name was replaced in the mid-1900s by “Progressive” . . . same mission to hijack, then destroy – just a name change to hide their unchanged intent. Fast forwarding to the 21st century, no Liberal ever runs under the “Liberal” brand.
Progressives are similar to Marxists. Marxists force change by revolution, while Progressives force change by evolution. Importantly, Progressive intrusion into any entity has always led to the host’s destruction. While America’s founding Fathers understood the wisdom of “separation of power” in limiting its concentration, the primary objective of Progressives is unlimited government.
More recently, Progressives have hijacked both Democrat and Republican Parties, and are working to destroy both, with particular focus upon the Democrat Party. The tools Progressives are using to subjugate the Democrat Party include bribery and intimidation. While Marxists change by force of arms, Progressives primarily use intimidation to force change in otherwise reluctant, target hosts. For example, resolute Progressive-in-Chief Obama basically said in his 2010 State of the Union address, “I am going to force a Socialistic agenda down your collective throats”.
Cancer is an appropriate metaphor for the malignancy that is Progressivism. Nearly all known cancers arise gradually. As we have seen, Progressives force change over time – evolution – rather than suddenly – revolution. Secondly, cancer is characterized by invasion (intrusion on and destruction of adjacent tissues). Invasion through hijacking its hosts has been the preferred pathway of Progressives. Thirdly, cancer often metastisizes (spread to other locations in the body via lymph or blood). Progressives destroy their hosts through replication. Anything which replicates (our cells) will probabilistically suffer from errors (mutations). The errors survive, and are passed along to “daughter cells”. Thus cancer and Progressivism often explode in something akin to a chain reaction caused by a few errors, which compound into more severe errors. Errors which produce more errors are effectively the root cause of both cancer and Progressive destruction. And like cancer, Progressives destroy their hosts.
Progressives hijack the General Electric Company through its Chairman
The decline of General Electric was chronicled in behind-the-scenes, FORTUNE magazine article, GE Under Siege, in mid-October 2008. Additional insight into GE’s decline can be found at:http://declineofanamericanicon.blogtownhall.com. In another move detrimental to the health of General Electric, Jeffrey Immelt’s NBC and MSNBC units were found to engage in deliberate Liberal bias during the 2008 general election.
General Electric sows the seeds of its own destruction
GE’s embrace of Obama and his Progressive agenda is self-destructive on several levels:
Flawed Constructs.
1. Progressives have a perfect record of destroying the hosts that they hijack.
2. After Obama publicly told Joe, the Plumber, that he would spread wealth, Immelt’s enthusiasm for Barack Obama remained undiminished, with continued NBC and MSNBC promotion of his candidacy. Millions of GE shareholders did not invest in the Company to have their wealth spread around by a socialistic government. On NBC’s March 3 Today show, CNBC’s Jim Cramer told host, Matt Lauer, “Shareholder-friendly? This is the most, greatest wealth destruction I've seen by a president.”
3. Immelt chose to hijack a major asset of a publicly-owned corporation to advance the candidacy of the nominee who favored increasing taxation on the wealthy. GE built great wealth from innovation and hard work of millions of people over 130 years. And GE is a repository of wealth for millions of investors. Thus, Immelt offered up a wealthy General Electric Company as a target for higher taxation.
4. Millions of investors, employees, and customers felt uncomfortable contributing resources to aid GE’s open and blatant endorsement of a radical Liberal candidate.
5. The greatness of General Electric was made possible by Capitalism. Its rise to industrial prominence was a triumph of Capitalism and a symbol of how business unfettered by unnecessary government burden can bring prosperity to the masses. Immelt’s promotion of socialistic candidacy raised the risk of GE being able to continue its long history of industrial success under a new order that was foreign during its first 130 years. The February 16, 2009 Newsweek cover story headlined, “We Are All Socialists Now”.
Violation of Trust. The typical car-jacker provides an appropriate metaphor for Obama . . . a car-jacker getting well-groomed so that some unsuspecting motorist will pick him up. Once picked up, he can then stick his knife in the Good Samaritan's back.
Obama and his Progressive crowd have raised back-stabbing to a new level. Here She Comes (http://hereshecomes.blogtownhall.com) details how Obama purposes to stab three of the six “pillars of the Democrat Party” in their backs. As an organization who has bought into ObamaCare in a big way though blatant Liberal bias of its MSNBC and NBC divisions, General Electric must receive an ObamaKnife – where it doesn’t want it.
Sacrificed Business Ethics.
Obama and his followers are not nice people. They approve of / assent to:
Lying – dishonesty is perfectly acceptable to defend the indefensible or to cover over previous lies. Integrity is out; dishonesty is in.
Cheating – using dishonest means to achieve your aims is perfectly acceptable.
Thievery – it is morally acceptable to take a man’s good name, property, wealth, rights, liberties, and sacred honor.
Murder – Your life is of little value to this crowd. If they cannot destroy you before you are born, they will assassinate your character, or pull the plug on your life-sustaining care when you become old. These poor excuses for humanity want to be able to destroy you at any point in your life.
-- excerpted from Here She Comes
Presidential lying is necessary to hide corruption. As Obama kept company with America-damning Rev. Wright and seditionist Bill Ayers, now Immelt keeps company with a corrupt Obama. And everything reproduces after its own kind.
“Evil friendships destroy good character.” (I Corinthians 15:33)
GE’s endorsement carries with it an approval of the ethics and values of those they endorse and an embrace of their underlying moral foundation. The significance of the culture of rampant government lying is that lying is a gateway corruption – good lying skills contribute to “successful” theft, bribery, cheating, and all other manner of wrongdoing. Since Satan is the Father of lies, and since both Obama and Satan are prolific liars, GE’s enthusiasm of ObamaCare as demonstrated by its NBC and MSNBC units is a deal with the devil.
The foundational lies of Obama and his Progressive crowd are 1) the consequences of wrongdoing can be escaped, and 2) we can freely indulge in wrongdoing, and won’t get caught. And Progressives will get caught when an onlooking population always comes to ask, “Why is a skewing of the truth necessary ?”
Endorsing ObamaCare Violates any Sense of Justice
Perhaps one of the reasons that 70% of the U.S. population is mad as hell, and not going to take it any more, is the growing realization that our upper leadership are glorified crooks. And there is a growing sense that people will definitely not get a fair shake under crooked leadership.
General Electric Buying Into a Track Record of Failure
Obama has absolutely no business experience. Zero. Zip. Nada. This man does not know what he is doing. Every President since Dwight Eisenhower has believed that they had inherited an unfavorable economy. But this one is in a class of his own. Obama has visited upon America a level of destruction in a single year, greater than the destruction of four years of Jimmy Carter. Think “scorched earth policy”. Think Sherman’s march to the sea.
The latest brilliance originating from this tower of intellectual elitism is a spending freeze based upon an elevated, pre-freeze level of spending. And a freeze affecting only 1/8 of a bloated budget. Coming calamity, ranging from protracted recession to deep depression can be precluded only with a 1/3 reduction in the size of government, plus a firing up of job-producing small business through hiring tax incentives, plus getting out of the way of business.
GE is harming itself. When Obama’s agenda to transform America by destroying it becomes unmasked, the image of Obama will be that of a pariah. Importantly, General Electric has demonstrated negligence in mitigating harm to itself through reckless and irresponsible advocacy of government control that has a unblemished record of failure. Can GE pass any reasonable test of mitigation when their actions invite harm to itself ?
Millions of investors, lured by the supposed safety of an AAA-rated company, have been harmed by mediocre financial performance of the Company under Immelt:
Capital Appreciation. Five of nine historical stock splits occurred during Jack Welch’s leadership. There have been no stock splits during Immelt’s first 8 years. The Company’s next stock split is nowhere in sight.
Stock Price. Immelt came to the Chairmanship at a share price of 39.35, never exceeding 42.15 during his first 8 years. Almost $250 billion of GE common stock value has vanished.
Dividends. General Electric Co. slashed its quarterly dividend by nearly 68% on February 27, 2009, reversing a 31-year trend of annual increases in its payout.
GE investors realized an average annual return of almost 24% during Welch’s term as Chairman; investors lost hundreds of billions of dollars during the first 8 years of Immelt’s tenure. With the full cooperation of a Progressively corrupted Board of Directors that is more committed to perpetuating a reign of destruction than to maximizing shareholder value, Immelt created the paradox of a AAA-rated corporation with “junk- bond” investor community confidence. Forbes labeled Jeffrey Immelt one of the worst performing CEOs in America. This, then, is the story of manufacturing-originated well-being of millions, mortgaged to continue the control of incompetent and politically corrupt top management. And so it was that the progeny of a gilded manufacturing enterprise squandered its heredity.
Stephen Paul Leykauf
Resources
http://declineofanamericanicon.blogtownhall.com
http://money.cnn.com/2008/10/09/news/companies/colvin_ge.fortune/index.htm
http://hereshecomes.blogtownhall.com
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