Friday, March 25, 2011
Obama's culture of corruption
Evidently it pays to be an Obama lick spittle....
From FoxNews -- The company (G.E.) reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.
Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
CEO Jeffrey Immelt is probably Obama's best corporate friend, and G.E. has received various benefits from that association. G.E. builds most of the stupid wind-mills that the Obama administration got behind legislatively. They also manufacture all the dim and dangerous compact fluorescent bulbs which will replace the efficient, bright incandescent bulbs that Obama outlawed. Now we see that Immelt's company pays no corporate taxes? How does Obama square that with his historic hostility toward industry and business in general? I guess if your network gives him enough fawning coverage and you donate enough money to his campaign, he'll ignore pretty much any thing.