Obama helps strengthen General Electric-Putin ties

Reuters reports an interesting nugget in the wake of President Barack Obama's decision to grant Vladimir Putin his wish and kill the Eastern European missile shield:

Shortly after the pullback on the shield programme was announced, Russia's government said Prime Minister Vladimir Putin would meet several U.S. executives on Friday from firms including General Electric, Morgan Stanley  as well as TPG, one of the world's largest private equity firms

General Electric may be the company with the closest ties to the Obama administration (if not, GE is second only to Goldman Sachs), and here we see the company benefiting from an abrupt foreign policy change made by President Obama. But GE isn't the only company benefiting. Reuters paints the broader picture:

“U.S. companies have arguably lost out to some European companies in joint ventures, and better diplomacy will likely improve the chances for investors in the strategic sectors of the Russian economy,” said Carlo Gallo, senior Russia analyst at London-based consultancy Control Risks.

GE CEO Jeff Immelt sits on Obama's Economic Recovery Advisory Board, and GE owns MSNBC, the network famously friendly to Obama.

 

Follow Examiner Politics on Twitter

Become a fan of the Examiner on Facebook

Just Posted

Battle brews at SF police union over leadership style

Gary Delagnes-endorsed candidate to challenge Tony Montoya for presidency

Mayor Breed’s choice for Planning Commission clears first hurdle

Appointee Susan Diamond says she ‘wants to hear from all communities’

Multiple equipment and power failures lead to Muni delays

A series of mechanical and equipment problems caused major delays in Muni… Continue reading

Report finds disparities in PG&E power shutoffs among SF customers

Bayview-Hunters Point has highest rate of PG&E disconnections for nonpayment

City to double rate of bike rack installation

Bike racks are about to spring up across The City like wildflowers.… Continue reading

Most Read