General Electric CEO Jeffrey Immelt Says Going

 Green Pays (Especially If You Do It Tax-Free)

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.

Warm Scuzzies #165

Jeffrey Immelt

GE Chairman and CEO Jeff Immelt reports that the project

to grow a new Earth from seed has really taken root.