The Entitlement Society 1
Corporate version:
This corporate giant already receives billions of dollars in government contracts, including $1.8 billion in military work at the Lynn plant. Despite that infusion of taxpayer money, 600 workers were laid off anyway this year.
Last year, GE reported $11 billion in profits on $157 billion in revenue. But the company pays zero federal income tax, because it reported losses on its US operations. It received a $139 billion federal bailout for its GE Capital unit. Now, it wants a state bailout, too.
Really can’t blame GE for trying to milk the system. It stinks, but it’s whatchamaycallit “low hanging fruit.” Politicians have proven themselves pushovers for corporate welfare demands.
.
November 23, 2010 at 2:12 pm
For years, when I’ve needed to buy an appliance, I’ve bought GE. The last one was a front loader washer. About 6 years ago. When I had to replace it, it wasn’t a GE. The repairman who came out to service both the GE washer & dryer confirmed my thoughts.
He’s seen more GE appliances with terminal problems than any other brand of appliance lately. This has been going on for the last couple of years or so.
So when I bought a new dishwasher yesterday, I checked the Consumer Reports site (since I refused to subscribe I had to look elsewhere) then used Google to find a site for dishwasher reviews. Once there, I compared what I saw on the Home Depot site & when it matched up, I went to Home Depot & bought an Amana.
It appears GE is doing like Toyota. Build up a good reputation, then let quality go & skate by on the past. Until it begins to catch up with them.