Yes, that’s nice graph of revenues, not earnings. But let me help you out.

Let’s compare the 3 year earnings data from 2004 until now to the period when Clinton was President from 1998 to 2000, when there was no quagmire.
From 2004 to 2006 earnings went from 19.6B to 26.3B, a 16% annualized rate of return.
From 1998 to 2000 earnings went from 9.2B to 12.7B a 17% annualized rate of return.

Which supports the point I am trying to make: GE makes far less off the war than some people are asserting here. That $2.2B of defense contracts is less than 2% of revenues. Say we make 10% of that in profit, that’s $220 million. That’s one deal at GE Commercial Finance defaulting. A nit.

OT–

BTW:

In Pakistan, after suspending the Constitution and declaring martial law, the head of the military, General Pervez Musharrif, has placed the head of the government, President Pervez Musharrif, under house arrest.

Lord have Mercy, that is one tough dictator.

If there are enough of us willing to dump the media, and allow our journalist/bloggers to be our source, the impact my be noticeable.

If presented as a viahble means for us joes and janes to finally have some control, it counld convience enough of the public to follow suit. And maybe, in some way, it could be extended to the role of our polliticians and their stand on issues.

Stikes, in seems, get front page news quicklly, and this may be our chance.

Food for thought

selise @ 168

how much of GE business is related to arms manufacturing and military contracts?

I don’t know selise, that’s what I’m trying to find out. Here’s a link to the latest 10-K. It’s a pretty large document, but the answer is in there.

This graph from the 10K is pretty good – still perusing it -
http://www.sec.gov/Archives/ed…..g_revs.jpg

Is there a petition I can sign to prevent more media consolidation? This is so damn depressing. The Clearchannel Group controls 1,000 outlets already.

I’ve looked around, but haven’t found one yet.
FCC Chairman Kevin Martin: (202)418-1000.

SanderO-”I think we have to get used to the idea that our democracy is a facade.” And I’ll add, as I keep contacting Congress and the FCC, that the American sheeple get exactly what they deserve, because this is all they expect.

“I used to listen to the radio
And I don’t guess they’re listening to me no more
They talk too much but that’s OK
I don’t understand a single word they say
Piss and moan about the immigrants
But don’t say nuthin’ about the president
A democracy don’t work that way
I can say anything I wanna say
So f*** the FCC”

Steve Earle

T: What about elements in the other half? “Aviation” has nothing to do with defense spending?

http://biz.yahoo.com/e/071102/ge10-q.html

Forget these quarterly reports, that’s not how I came to these conclusions. Watch a Sunday talk show and see the GE commercials for the defense industry, or see ads in publications aimed at Congresmmen, like Roll Call or The Hill.

Let me just go back to my original point: the money is in legislation (whether having to do with contract or deregulation), not in ratings.

Aviation absolutely has exposure to defense platforms used in war. Along with several other business units at GE like auxillary power generation and nuclear technology. What I’m trying to figure out is how much. I have a feeling its less than you stated in that GE makes a killing off the war. Since you don’t care to back that statement with facts (that won’t be in the Q, it will be buried in the notes in the back of the K if they are in there at all) then I’m not going to waste my time with it either. I’ll just call BS again and wait for you to prove it otherwise. But what the hell do I know, I just work here.

Peace.

T- @ 164

brendan
I call bullshit on that one and suggest you go do some reading. Almost a half of GE profit is from the financial businesses and healthcare which would have an extremely low correllation to war activity.

how much of GE business is related to arms manufacturing and military contracts?

I don’t know selise, that’s what I’m trying to find out. Here’s a link to the latest 10-K. It’s a pretty large document, but the answer is in there.