Lack of Integrity = Obama Loves GE, No Taxes Okay!

Chuck Spinney Recommends...

This is really disgusting.  Chuck

Published on Wednesday, March 30, 2011 by

Obama's Fatal Corporate Addiction

by Robert Scheer

If it had been revealed that Jeffrey Immelt once hired an undocumented nanny, or defaulted on his mortgage, he would be forced to resign as head of President Barack Obama’s “Council on Jobs and Competitiveness.” But the fact that General Electric, where Immelt is CEO, didn’t pay taxes on its $14.5 billion profit last year—and indeed is asking for a $3.2 billion tax rebate—has not produced a word of criticism from the president, who in January praised Immelt as a business leader who “understands what it takes for America to compete in the global economy.”

Rest of commentary….

General Electric 2010: No Taxes, Claimed 3.2B Credit

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