Well that substantiates the charges then. I see Zero's brilliance has been rubbing off on Immelt. Maybe Immelt could set up a website to track any accusations of croneyism directed at GE.
That they are not receiving “special treatment” does not exclude crony capitalism. Why, any and every company with billions of dollars of offshore interests and green energy initiatives and armies of million-dollar lawyers get the exact same treatment that GE does.
Although I actually agree with them to some extent, the criminal is not GE, the crime is the tax code.
>> So today, GE responds:
More like some jackass behind the PR campaign.
It sucks that such a great American corporation is under siege by assholes.
I'll say, good for them for engaging in commerce, which makes the world more prosperous.Well we can't all make jet engines or medical devices but some of us do engage in commerce. Unfortunately, unlike GE, most of us who engage in commerce aren't politically connected and are forced to pay
Funny...her enemies emulate her.
In 2009, GE’s number of U.S. employees dropped 18,000, GE has reduced the number of U.S. employees by 31,000 since Immelt signed on.
Head of President’s Council on Jobs and Competitiveness. This position was created by Executive Order, meaning, nobody but Obama had any say in this.
Leader in the push for Cap and Trade, where businesses are fined for producing Carbon emissions and paid for reducing them.
Delivered software and oil supplies to Iran until 2008
Gave orders to NBC news reporters to not say anything negative about Obama during election year.
Partnering with China to build high speed rail in the U.S.
Partnering with China to build commercial airliners
GE was the source behind the outlawing of incandescent light bulbs. We now get our Mercury filled bulbs from China.
Sold GE’s precious metals mine to China, America’s only precious metals mine, and China promptly closed it. Now China is the major supplier of precious metals necessary for windmills, efficient electric motors, magnets, and solar.
Enron’s former CEO Ken Lay was pushing the Clinton and Bush White Houses to ratify the Kyoto Protocol on Climate Change.
When Enron collapsed, AES and General Electric absorbed Enron’s assets.
Ken Lay had set up a plan to build coal fired energy plants in third world counties, not affected by the Kyoto Protocol.
The Kyoto Protocol would have closed the coal fired power plants in the U.S., increasing the cost of natural gas and decreasing the U.S.’s dependency on coal, making it cheaper for their operations in Asia, South America and Africa.
In 2010, GE earned $14.2 billion in international profits, $5.1 billion in the U.S., they paid no taxes.
GE was given $36 million from the Obama administration for their early retirees.
Immelt’s compensation doubled to $15.2 million.
April 1, 2011 a report comes out that Obama gave GE $36 million to help out GE’s early retirements.
GE is closing its 115 year old X-ray business in the U.S. and relocating to China.
Immelt and Obama are plundering the taxpayers.