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The New Jersey Star-Ledger writes: "The corporate giant gets to thumb its nose at the little people, at a time when the US Treasury could use every last dime it can scrounge. Programs for children and families are being sacrificed on the altar of a trillion-dollar deficit, and the remnants of the union movement are vilified for trying to hang on to some semblance of a middle-class existence for their members."

President Barack Obama listens to General Electric CEO Jeff Immelt speak during a meeting of the President's Council on Jobs and Competitiveness at the White House, 02/24/11. (photo: Reuters)
President Barack Obama listens to General Electric CEO Jeff Immelt speak during a meeting of the President's Council on Jobs and Competitiveness at the White House, 02/24/11. (photo: Reuters)

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+4 # AndreM5 2011-03-30 09:54
It makes perfect, consistent, transparent sense to me.
+10 # PhilO 2011-03-30 11:20
Although I am frustrated that any massively profitable corporation can escape paying taxes, I find it hard to vilify GE. After all, who amongst us would willingly give away large sums of their own money? [I'm a middle-class professional who pays taxes willingly and with the satisfaction that I'm supporting the greater good, but that doesn't mean I'd throw in a few extra thousand dollars just because I'm feeling generous!]

On the other hand, I think this situation underscores the problem with the American tax structure. For the past 40 years the progressive tax structure has been systematically undermined. So, rather than being angry with GE, I'm mad as he11 with our political "leadership".
+4 # Activista 2011-03-30 11:23
no mention of military contracts;
GE- War Profiteer and Silencer of Dissenting Voices. ... 2003 military contracts revenue: $3.9 billion. Runs US military bases in ...
how much it was in 2010 - over 30% PROFIT on wars
+3 # in deo veritas 2011-03-30 11:44
Boycott the GE thieves!Might not hurt them that much but at least it wold give us some self-respect. I was not a fan of reagan but at least he took action to rein them in. Too bad none of his successors kept it up. Seems to me that Obama has surrounded himself with the worst crooks or fools in the country-Summers , Gaithner, etc. etc. I wonder which is worse-a clown like Bush who listeened to the voices in his head or a president who listens to the very people who helped bring on the financial disaster.
+2 # wrodwell 2011-03-30 13:28
Looks like the "change" promised to those who voted for Obama is just that - chump change.
+2 # jon 2011-03-30 20:57
Just imagine how the corporatists would be ripping us off if John McCain had won the election?!?!

Fascism would be a polite way of describing the system - more like feudalism.
+3 # rf 2011-03-31 06:41
Can you say 'no difference'! OBAMA is the jerk that has allowed this along with the rest of the disfunctional Democrats. I will never, ever vote for either of the two parties again. VOTE SOCIALIST!
+3 # rf 2011-03-31 06:39
Dopn't we need to reduce corporate taxes? Just ask the bastards!

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