General Electric said Friday that its second-quarter earnings tumbled 49 percent on the continued woes of its finance unit and ongoing weakness in its big industrial units due to the recession.The story does not mention the liberal television units that have been sucking up to the Obama administration. That seems a curious omission as if their earning are insignificant to the success of the business.
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This report comes at a time when some of the financial institutions are reporting record gains for the quarter. Most of those gains have been on trading profits. I wonder if they come from betting against this administration's recovery programs. The stories do indicate core business of these companies are not profitable.
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