GE: They bring bad things to life

It’s lucky for GE that they did not exist in the 18th century for they would have been taken to Tyburn and hung.

GE who gave the world Ronald Reagan, Charlie McCarthy’s dummy for the wealthy also has given the world the best in war materiel and nukes and now makes most of its profits from GE Capital as an “unregulated lender”, last year made profits of $14.2 billion and admitted to $5.1 billion of the total came from its operations in the United States. And taxes paid? Nada, zip, zilch.and how’s this for chutpah. GE claimed a tax benefit of $3.2 billion. So much for sharing the pain in a time of recession.

In the mid 50s corporations paid 30% of federal revenue and today it is 6.6 %. This pretty well tells you who is running the USA today. and who is getting screwed on a daily basis.

So who beter to advise President Obama than Jeff Immelt GE’s CEO.He will now be the liaison between the business community and the Oval Office.

You can’t make this stuff up.

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