Posted by: The Elephant Owner in Free Markets on March 28th, 2011
Does this pass the smell test?
- GE’s CEO Jeffery Immelt and Barack Obama are close friends. President Obama has appointed him as an adviser.
- GE Capital is not a bank, but TARP restrictions where loosened so that GE could receive billions of dollars in government bailouts
- GE has laid off approximately 20% of its US workforce while simultaneously increasing its worldwide sales force
- GE has invested heavily in green technologies
- GE is lobbying for cap and tax legislation
- GE has spent hundreds of millions of dollars lobbying for tax loopholes
- GE made billions of dollars in 2010
- GE paid no taxes in 2010
GE Stinks to high heaven. I just restocked my kitchen with appliances and I had only one demand that was unwavering.
No GE!
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