Still same as the old boss. A fan of the site sends me this Boston Globe article, which discusses how prominent Democratic politicians pushed to get the second F-35 engine into the final DOD Appropriations bill prior to President Obama's signature. You might remember that F-35 second engine as one of those costly gold-plated things that DOD really didn't ask for and that President Obama said he wouldn't stand for. First it was gone.

The Obama administration has signaled for months that funding for a second F-35 engine in the fiscal 2010 defense bill could become veto bait. Gates spent months, most recently at the beginning of September, making the case that the Pentagon does not need the alternative engine, built by a General Electric-Rolls-Royce team.

Senate Appropriations Committee Chairman Daniel Inouye (D-Hawaii) said
Wednesday that he decided against funding the engine because he was concerned about the floor vote on the entire defense spending bill.

Now it's back.

Senator John F. Kerry, a Massachusetts Democrat, said that GE officials had told his office that 1,000 jobs in Massachusetts will be saved or maintained once full production begins on the backup engine.

"There will also be some jobs gained, but maintaining jobs right now is very important,’’ he said yesterday, defending his efforts to persuade fellow lawmakers, including the highly influential Senator Daniel Inouye of Hawaii and Representative John Murtha of Pennsylvania, to overturn Obama’s proposal in a final vote on Saturday.

Inouye chairs the Senate Appropriations Committee, while Murtha oversees a House panel with jurisdiction over defense spending.

Kerry also used his influence with the White House to get it to back off a threatened presidential veto. He told the Globe that he ultimately got assurances from Rahm Emanuel, Obama’s chief of staff, that the president would not veto the fiscal year 2010 defense appropriations bill if the money for the engine was included. Obama signed the bill which totals $626 billion, on Monday.

What utter bullshit. This is just unjustified crap, and it doesn't smell any better coming from a Democratic politician than a Republican. In talking about defense acquisition with a colleague, he said that he might believe in Santa Claus, but he didn't believe in acquisition reform. With clowns like this in the Senate and White House, it's no wonder that the Defense Department can't get clear of its huge funding bills and massively overpriced, behind schedule programs.

The VH-71 presidential helicopter program also got $85 million to "wind down" its efforts. Must be a big office. The USMC's Expeditionary Fighting Vehicle is getting $293.5 million, despite its many troubles. I'm severely disappointed.

You think you've seen conflicts of interest with Disney owning ABC? You ain't seen nothing yet. Imagine the same people who brought you Comcast just sort of ... massaging the media message in favor of their own corporate strategy. Yes, the same people who charge you for service calls for their unreliable cable will be in charge of the news coverage. Oh boy, what could be better?

NBC Universal executives declined to deny a report Wednesday night that Comcast, the cable giant, is in talks to buy the television and movie company from General Electric.

Comcast also did not deny the report that bankers for the two sides discussed a possible deal Tuesday in New York.

Such talks often lead nowhere, but rumors have circulated for months that GE might be looking to unload the news and entertainment company. NBC is stuck in fourth place among broadcast networks, and Universal Studios is enduring a rough movie season.

"We have no comment," NBC Executive Vice President Allison Gollust said.

Comcast spokeswoman D'Arcy Rudnay also would not address the reported talks. "While we don't comment on M&A [mergers and acquisitions] rumors, the report that Comcast has a deal to purchase NBC Universal is inaccurate," Rudnay told Bloomberg News.

That, however, was not what was reported by TheWrap.com, a Hollywood-based Web site founded by former Washington Post and New York Times reporter Sharon Waxman. That account cited sources who have knowledge of the talks.

[...] TheWrap's report comes as merger talks on Wall Street have heated up in recent weeks, after nearly coming to a standstill amid the global financial crisis.

If the reported discussions lead to a sale, it will give Comcast an enormous amount of content for its distribution pipeline. The takeover also would mean a new owner for NBC News, MSNBC and CNBC, as well as the Spanish-language Telemundo network and USA and Bravo cable channels. In 2004, Comcast tried to buy the Walt Disney Co., which owns ABC, but eventually withdrew its unsolicited, $56 billion bid.

From the New York Times:

It was a media cage fight, televised every weeknight at 8 p.m. But the match was halted when the blood started to spray executives in the high-priced seats.

For years Keith Olbermann of MSNBC had savaged his prime-time nemesis Bill O’Reilly of the Fox News Channel and accused Fox of journalistic malpractice almost nightly. Mr. O’Reilly in turn criticized Mr. Olbermann’s bosses and led an exceptional campaign against General Electric, the parent company of MSNBC.

It was perhaps the fiercest media feud of the decade and by this year, their bosses had had enough. But it took a fellow television personality with a neutral perspective to bring it to an end.

Come to think of it, Keith did announce he was dropping his signature "BillO" voice -- but it's not clear that he's going to play ball:

Mr. Olbermann, who is on vacation, said by e-mail message, “I am party to no deal,” adding that he would not have been included in any conversations between G.E. and the News Corporation. Fox News said it would not comment. Read on...

Here's the conundrum for Keith Olbermann -- Does he obey the corporate bigwigs and ignore O'Reilly, or does he continue to expose and publicly humiliate a lunatic, right wing bully who picks on kidnapped and sick children, and played a very public role in the murder of Dr. George Tiller? Keith...what say you?

I have to watch Congress dither over withholding money that would bring much-needed health care to the uninsured, and then I get to watch things like this. Compare and contrast!

General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks.

At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government.

The company did not initially qualify for the program, under which the government sought to unfreeze credit markets by guaranteeing debt sold by banking firms. But regulators soon loosened the eligibility requirements, in part because of behind-the-scenes appeals from GE.

As a result, GE has joined major banks collectively saving billions of dollars by raising money for their operations at lower interest rates. Public records show that GE Capital, the company's massive financing arm, has issued nearly a quarter of the $340 billion in debt backed by the program, which is known as the Temporary Liquidity Guarantee Program, or TLGP. The government's actions have been "powerful and helpful" to the company, GE chief executive Jeffrey Immelt acknowledged in December.

GE's finance arm is not classified as a bank. Rather, it worked its way into the rescue program by owning two relatively small Utah banking institutions, illustrating how the loopholes in the U.S. regulatory system are manifest in the government's historic intervention in the financial crisis.

The Obama administration now wants to close such loopholes as it works to overhaul the financial system. The plan would reaffirm and strengthen the wall between banking and commerce, forcing companies like GE to essentially choose one or the other.

"We'd like to regulate companies according to what they do, rather than what they call themselves or how they charter themselves," said Andrew Williams, a Treasury spokesman.

Yeah, Andrew, that would be nice.