President Obama recently named Jeffrey Immelt, CEO of
GE, to head the Council on Jobs and Competitiveness.
At the time, the President said, "He understands what it
takes for America to compete in the global economy."
Apparently, what it takes is for GE to make $14.2 billion
in profits in 2010 and to pay $0 in taxes.
and amerika says yo to that
ReplyDeleteThe Obama/Immelt action should be filed under 'Mergers and Acquisitions'.
ReplyDeleteNeutron Jack Welch was no fool when he hand picked his successor.
ReplyDeleteWould you say GE is a subdivision of the Obama Administration, or vice versa?
ReplyDeleteGE is the parent company. However, like NBC they have only a partial ownership in Obama.
ReplyDelete