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Wednesday, August 11, 2010

Charlie Gasparino shares that CNBC was told to play nicely with President Obama

Thanks to Zero Hedge for the head's up...

Charlie Gasparino, who recently left CNBC not on the best of terms, and ever since has been casting stone after stone at his former megalith employer, was on the O'Reilly Factor earlier, confirming what everyone has known for a long, long time, namely that CNBC's pro administration bias which appeared spontaneously and unexpectedly in early 2009, came from the very top, i.e., Jeff Immelt himself.

Quote Gasparino: "There was this issue where Jeff Immelt, Chairman of GE, called in some of the senior staff [of CNBC] and clearly was worried, according to the people I spoke to, who were in that meeting, about the possibility that we were becoming too "anti-administration."

They will deny it officially, but from what I understand, people got called into this meeting and they were basically not exactly read the riot act, but the question of whether they were being fair to the president was brought up. I have never heard that before."

Of course, with GE one of the primary beneficiaries of the administration's TBTF largesse (lest we forget what a toxic repository of worthless toxic filth GE Commercial managed to become), this is not at all surprising. We just hope readers keep all this in mind if they ever are exposed to CNBC content.

Grandpa is looking forward to the denial from "first in business worldwide" this morning. How dare Charlie question the 2nd greatest CEO (Jack Welch coming in at #1) in American business.

It was only February 2009:
President Barack Obama has named Jeffrey Immelt, CEO of NBC Universal parent GE, to his new economic advisory board.

The new board is modeled on the foreign intelligence advisory board created under President Dwight Eisenhower, according to the White House, and will "provide an independent voice on economic issues and will be charged with offering independent advice to the President as he formulates and implements his plans for economic recovery."

The board, which will meet regularly to advise the president on programs to "jump-start" the economy and how those programs are working, features a mix of executives from various industries, academics, a representative of the AFL-CIO, and others.

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