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Charlie Gasparino out of Washington DC and expect them to come back without having.
-- -- diet and hung out dive bars claim you didn't dumpster to just -- back I didn't see right.
You know like you may have been drinking -- -- -- -- -- and I any of this.
-- Think for itself what did you -- I don't yeah.
It'll have I always tell you where my sources are this is just the speculation the bar -- -- -- when you go to DC I I'm not lying about it you know old -- -- -- I'm going to.
Now the places where the lobbyists hang out with people in the know that work in the staff staffers hang out.
And what are the big things that I was hearing -- a lot of chatter about Jeff in notes future achieved what they're saying.
But people are saying you spending in an inordinate amount of time working on this economic council for Obama that the chatter now we're talking about the chatter OK -- -- -- -- confirmed it is.
But the chatter in DC.
Is that somehow.
That this is sort of a precursor that he's eat eat these days may be numbered -- now -- -- his choice fight well who knows look at that stock -- I will say this this is this is one of the pre -- old lady stocks for the last ten years you have the stock chart of G.
Put that up there it it it sounds a little better -- -- Saturday -- -- and by -- ninety dollars a share look where was when that would well there was a very -- here -- Jenn -- and Emily Chang when he -- it it's not doing that well you know was at -- I believe the third you know -- now we're at a 25 member.
We see that -- point -- almost went on there during the financial crisis because of the sort of impairment of GE capital.
He has brought it back one of the -- he brought it back is basically to these government these programs to government subsidies green here's his -- that -- now that social policy with respect to -- the -- but that if you take out that it's still not -- -- Jack -- left in 2001 bright and -- -- you give them credit for bringing the company back from extinction no doubt.
Here's where the problem is he's not brought the stock back he spending what we understand an inordinate amount time in -- -- working on this economic council for Obama.
You become -- kind of jobs council he's basically become.
-- a Republican that is now a Democrat and a lot of people pointed effected GE is getting so many subsidies.
And you put in -- the stock price of top of that and you know you hear people talking about -- potentially we should point out.
We did called just to run this chatter by him I got -- -- a real story -- -- is that they say you know it's ludicrous he's not leaving any time soon.
And he's -- quote quote -- quote he is not.
Spending a lot of time -- does he have a storied political stars in his eyes does he want to do something bigger maybe try to take over treasury -- -- you know that's a good point I.
I think that if you run a company that was bailed out by the federal government.
I really don't think the you have a shot running a major government and -- even for DC has too much I -- isn't I just think that you can Gillette would shift in melts.
Confirmation hearings going to be -- I mean this -- remembered he's he was walk in the final at the time.
He -- he said everything was hunky dory at GE and then turn around and needed to take bailout money as we know that.
You know GE was on the precipice.
It could roll the short term paper they were in GE capital was impaired account reports people that lend the money they need the -- every company these people -- the money.
To get through the day to pay all the -- page commercial paper and you know what.
Wasn't getting so that confirmation hearing.
Up a -- I hope he does office that would be an amazing confirmation.
I should point out that you know I don't drive right -- sort of the guy I talk about this stuff about your headline no he doesn't like -- -- like I hear back to mutual friends.
Personally he's a very very nice man -- I -- great I used to work for him when I was at CNBC.
I think professionally there is a question mark about his leadership and it's goes beyond the stock price the fact that you had this great American company.
This is an ideological but that's a great American company.
Who's picking up tickets so -- subsidies from Washington.
I clearly think that's a story it doesn't get covered on all sides -- I think first it was GE capital -- the banking sort of side of the business then it became the stimulus dollars so it's all through the company sold to the company like I said the buzz in Washington.
People talking about.
The daddies and is the key they're saying you know what and I think he's they're denied the Charlie thank you for coming back you look good on a banana -- from the dumpster stump up more -- -- we know you can do 150 right now.
Charlie Gasparino -- talk about today.
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