General Electric, where the chairman of Obama’s “Council on Jobs and Competitiveness” Jeffrey Immelt is CEO, PAID ZERO TAXES ON ITS $14.5 BILLION PROFIT last year, and now they want a $3.2 billion tax rebate!
And in January, Barry “Suck-Up” Obama praised Immelt as a business leader who “understands what it takes for America to compete in the global economy.”
What it takes, evidently, is shifting profit and jobs abroad: Only one out of three GE workers is now based in the U.S., and almost two-thirds of the company’s profit is sheltered in its foreign operations.
Mar 30 2011
Aug 05 2009
Big Orange has been all over the Birfers and Teabaggers of late, which I’ve found fairly boring and pointless, but then, I just follow for the news and occasional good analysis. They can bitch endlessly about anything they see as threatening to their cause. Whatever that is at this point.
I have been fairly intrigued with what’s happened with Keith O’s getting quashed on his Bill-O-Baiting by GE (which owns NBC) so that Bill-O would quit exposing their corporate hijinks in retaliation for getting his itty feewings hurt by Keith. I also found it fascinating yesterday when Keith, just back from vacation, informed Kossacks that Richard Wolffe wouldn’t be his live-in ‘independent’ analyst and occasional show-sitter anymore, given that Wolffe has been exposed as a corporate PR hack. Today, however, MSNBC’s management has contradicted Keith by stating they don’t mind at all if Wolffe wants to be their live-in ‘independent’ political analyst even if he’s on the payroll of the corporations that are often making the news being analyzed. Hmmm…