“Will you be my daddy?”
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.