Posted on 03/27/2011 8:59:12 PM PDT by Nachum
General Electric, along with General Motors, is the prototype of Big Business in the Age of Obama. GE bills itself as the world's largest industrial company; currently it ranks #4 in the Fortune 500, with revenues in 2010 of around $156 billion. All has not been well at GE, however. Since 2002, the company has laid off around 20 percent of its work force in the U.S., while expanding its overseas operations. And the company's financing arm, GE Capital, sustained massive losses and had to be bailed out by the federal government: General Electric, the world's largest industrial company
(Excerpt) Read more at powerlineblog.com ...
The left wants a few very large businesses and fewer small businesses. It is easier to control a small number of businesses and it can more easily gain control of the economy — especially with willing large corporation CEOs.
Largest Sedition Company maybe!
GE is what Krupps would have been if Germany had won WW2.
This time around wit an ROP and Afrofascist bent..
Not to worry...
http://www.thefreemanonline.org/columns/our-economic-past-subsidies-hurt-recipients-too/
“Not to worry...
http://www.thefreemanonline.org/columns/our-economic-past-subsidies-hurt-recipients-too/";
Thank You!
GE: No taxes and NBC.
Fork it over peasants. You owe us. :)
Or just one large one. Marxist Government and the Public Market. Not to worry the shipment of Bread is due in on next Tuesday.
“One can hardly resist comparing GE with another American company—one that has steadily increased its American workforce, rather than cutting it’
I can’t resist compaing GE to any other welfare recipient in a project apartment; entirely dependent on government doles and paying no taxes.
Just another fat Democrat voter.
“One can hardly resist comparing GE with another American company—one that has steadily increased its American workforce, rather than cutting it’
I can’t resist comparing GE to any other welfare recipient in a project apartment; entirely dependent on government doles and paying no taxes.
Just another fat Democrat voter.
Great essay comparing Koch industries with GE. Money quotes:
A number of companies would fit that description, but I have in mind Koch Industries. Koch is smaller than GE, although not radically so—$100 billion in revenues vs. $150 billion—but it pays a whole lot more in taxes. One might think that a company like Koch would be honored and respected compared with a company like GE, but that is not the case—not on the left, anyway. On the contrary, it is Koch’s very integrity that makes it public enemy number one for the Democratic Party.
And:
So the questions are posed rather starkly. Which company should Americans respect, the company that lays off more and more Americans, or the one that keeps hiring them? The company that dodges taxes, or the one that pays them? The company that makes money by partnering with government to force uneconomic products on an unwilling public, or the one that sells top-notch products that consumers want, without any compulsion from Washington? The company that stands for a Big Business-Big Government partnership, or the one that stubbornly defends, and practices, free enterprise?
Wow. It's a good thing they didn't have to pay corporate taxes. Can you imagine what kind layoffs they would've had if they did?
Hmmmmm....wait a minute....now that I think about it....if paying zero percent corporate taxes "saves" jobs, wouldn't it be a good thing if all corporations paid zero percent corporate taxes?
Nah. That's just crazy talk.
After all the incandescent bulbs have been replaced with Curly Fry Lights (nod to Mark Steyn), we're all going to be blind as bats and we're going to need glasses as thick as Coke bottles.
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