imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Subscribe Calendar Publish RSS
latest news
best of news



CopWatch LA


A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List


IMC Network: africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech
printable version - js reader version - email this article - view hidden posts - tags and related articles

Jack Welch, former GE CEO, Imagination At Work

by David Roknich Sunday, Oct. 07, 2012 at 9:36 PM

Thanks to agressive warmongering and inflated government contracts, GE saw great growth and expansion under Mr. Welch's leadership. Today he returns to the limelight to bite the hand that feeds him, as he attacks the accuracy of current employment figures. According to the US Bureau of Labor Statistics,

Jack Welch, former G...
screenshot_from_2012-10-06_23_49_41.png, image/png, 650x359

According to the US Bureau of Labor Statistics,"The unemployment rate decreased to 7.8 percent in September, and total nonfarm payroll employment rose by 114,000." Jack Welch asserts that these figures are the result of a vast conspiracy to make President Obama look good, but even Bloomberg News now publicly questions the reality contact of former CEO Welch.

see -

Welch's company was a leader in providing materials for nuclear weapons, and enjoyed profitable deals with friends and foes of the US abroad. They were so prolific that they became the favorite target of corporate boycotts during the 80s and 90s. In 1986, they aquired RCA, the company that owned NBC, and with the confidence of media ownership they marched forward to blaze a trail of previously unimaginable pillage and plunder.

 Imagination At Work


On July 22, 1992, GE "... [pled] guilty to diverting some $26.5 million from the U.S. foreign military aid program used to finance General Electric's sale of F-16 jet engines and support equipment to Israel ." (United States v General Electric, Docket #90-CV-792, US DC SD OH, Cincinnati) (See: Defense Contracting: Contractor Claims for Legal Costs Associated with Stockholder Lawsuits, GAO/NSIAD-95-66 (July 1995). GE agreed to pay a $69 million fine under the Foreign Corrupt Practices Act to the U.S. government — one of the largest defense contracting fines ever. The company said in a statement that it took responsibility for the actions of a former marketing employee who, along with an Israeli Air Force General, diverted Pentagon funds to their own bank accounts and to fund Israeli military programs not authorized by the United States.

On February 3, 1990 GE was convicted in U.S. District Court in Philadelphia of defrauding the government out of $10 million for a battlefield computer system. GE pled guilty on May 19, 1985 to charges of fraud and falsifying 108 claims on a missile contract. GE was convicted of defrauding the Air Force out of $800,000 on the Minuteman Missile Project.

GE’s civil and criminal transgressions stemming from the Israeli military program are by no means isolated. GE is a repeat offender when it comes to Defense Department fraud. The company has repeatedly violated the False Claims Act — a measure originally proposed by Lincoln to protect federal coffers. When the Project on Government Oversight surveyed defense contractors, it found that General Electric was responsible for 15 instances of fraudulent activity in just a four year period (1990-1994) — more than any other defense contractor.

On August 10, 1995 the U.S. Department of Justice announced (# 95-438) that GE would pay $7.1 million to settle a contract fraud suit initiated by Ian Johnson, an engineer at GE's Aircraft Engines plant in Evendale, Ohio in 1993. Johnson had alleged that GE "sold several thousand jet engines to the military that did not comply with military electrical bonding and electromagnetic interference testing requirements," according to DoJ. (Subsequently, the Air Force tested the engines and found them to be safe.) Johnson filed the suit on behalf of the United States under the qui tam provisions of the False Claims Act.

On January 10, 1997, the U.S. Department of Justice announced (# 97-012) that GE would pay $950,000 to settle allegations that it fraudulently to have had conducted certain test procedures on circuit boards for hundreds of aircraft engine controls when in fact the tests were not conducted.

GE paid $5.87 million (along with Martin Marietta) to settle a qui tam suit associated with improper sales of radar systems to Egypt.

GE paid fines between 1990 and 1994 ranging from a $20,000 criminal fine to a $24.6 million civil fine for a variety of defense contracting frauds, including: misrepresentation, money laundering, defective pricing (2 incidents), cost mischarging (3 incidents), false claims, product substitution, conspiracy/conversion of classified documents, procurement fraud and mail fraud.


Much to Welch's credit, the skullduggery of GE accounting practices was not fully appreciated until August of 2009, and the corporation rolled over as quickly as possible - to pay a large fine while pleading nolo contendre in order to avoid prosecution for fraud. In previous years, they would not have had the opportunity to dodge a criminal trial.


The practice of"deferred prosecution" was an innovation of the Bush administration that helped great corporations prosper at our expense. When caught with their hands in the cookie jar, all they had to do was sign an agreement to future compliance to avoid criminal prosecution. General Electric is one company that benefits from the continuation of this policy by the current DOJ.

In recent years., GE has been so successful with creative accounting that they don't even have to pay taxes anymore.


And they are modest, since they don't brag about awards they've won. General Electric has made effective use of the 10 worst corporate habits usually associated with Enron. In fact Enron placed second GE in this contest:

Jack Welch should be thankful, while he laughs on his way to the collect his dividend checks, thankful to Barack Obama and Eric Holder for not taking a serious bite out of the Corporation that continues to provide him with an enviable lifestyle, but instead he chooses to bite the hand that feeds him.


Designing the New Radio



Report this post as:
Share on: Twitter, Facebook, Google+

add your comments

Listed below are the 10 latest comments of 1 posted about this article.
These comments are anonymously submitted by the website visitors.
he should know then Bog Monday, Oct. 08, 2012 at 4:26 AM

Local News

Public art project aspires to save California N18 3:42PM

Songwriter, Author, Philanthropist P F Sloan Died On Nov 16 N17 4:48PM

A Plea For Support From Will B N15 4:23PM

10 Shocking Realities of the TPP N09 4:47PM

KPFK needs your VOTE ! or lose it. O31 4:51PM


KPFK is losing and reducing it's main programmers, so can Fresh ones emerge there instead? O26 5:58PM

Fall 2015 National Immigrant Solidarity Network Monthly News Alert! O26 7:58AM

A master-plan is needed to support renter protections in Northern California, & elsewhere O25 9:48PM

KPFK Updating: a coup? or failure? or.... O25 5:04PM

Kapparot Chicken Slaughter Causes Outrage: Activists Demand Change O06 1:59PM

Update on WHAT IS HAPPENING AT KPFK and what can be done & elections O05 12:39AM

A Letter (sent) to L.A. Slut Walk O03 12:51PM

Protesters Enact Symbolic "Die In" to Unwelcome Narendra Modi to Silicon Valley S28 3:52PM

More Local News...

Other/Breaking News

Parangon d'une grande infestation N26 11:03PM

The Shortwave Report 11/27/15 Listen Globally! N26 3:56PM

An humble opinion N26 1:59PM

League of Angels Fire Raiders Generator N25 7:52PM

Activistas de los Derechos Humanos Unen Fuerzas en Honor al Derecho a la Democracia N25 3:13PM

VIDEO: What "Orwellian" Really Means N25 1:49PM

US Forces South Africa To Import Sick Birds N25 9:10AM

Presidential Candidates Criticize Pfizer Merger N25 8:19AM

Turkey's Downing of a Russian Fighter Jet Moves the Doomsday Clock Very Close to Midnight N25 5:46AM

Kim Kardashian Hollywood Online Hack N25 4:51AM

NATO is harboring the Islamic State N25 4:43AM

Paraphysique de l'Etat d'urgence N25 1:23AM

Casino Capitalism and Profit Maximization N25 1:18AM

Democracy Now, Military Times, Guardian Articles On Soldiers Refusing To Drop Drones etc N24 9:10AM

Warhammer 40000 Freeblade Hack Generator N24 8:23AM

First Amendment Under Covert Attack N23 6:27PM

Insanity of the police/fbi community N23 1:35PM

No to Racism and War! N23 6:02AM

Fifa 16 Coin Generator N23 3:24AM

(A-Radio) Northern Europe 1: Musta Pispala festival in Finland N23 12:36AM

Paranoïa ou la vérité d'une société N22 11:54PM

Wicked fbi and their mischievous police friends N22 11:22AM

Mobile Strike Hack Generator Gold and VIP N22 4:02AM

“None Dare Call It Conspiracy:” How U.S. Elites Made Islamist Militants the New Red Menace N21 5:05AM


Monsanto Patenting World's Seeds, Controlling World's Food, Causing Cancer, Killing Bees, N20 9:59AM

Indigenous Hispanic areas also Economic Rights US N20 8:14AM

Paraphysique de l'hybris pirocratie N19 11:44PM

More Breaking News...
© 2000-2003 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy