Former Sen. Russ Feingold (D-Wisc.) has launched a petition calling on President Obama to oust General Electric CEO Jeffrey Immelt as the head of the White House’s jobs panel, if the executive doesn’t step down voluntarily. Feingold’s complaint stems from recent revelations that GE will pay no taxes this year, despite making more than $5 billion in the United States in 2010.
Get more info here
1 comment:
Better than that, they're asking a 3.2 billion dollar refund.
And they boast in their commercials that they make lots and lots of war materiel.
They get their entire stash of cash, or the vnst majority of it, from Government or Public Utility contracts. And that's just in America.
Remember Daddy Warbucks from Little Orphan Annie? Yeah. That was his gig too, how he got the name.
You want to hear (read) a fascinating Forgotten Statistic about profiteering?
Probably won't make your day, though, it's so stupid it gives me an advanced case of the heebie jeebies just thinking about it.
Mess Kits. The U.S. Army mess kit, developed mostly so that it would fit neatly next to your canteen and ammunition pouches, is a worthless piece of tin. For one thing, it's oval. I've tried cooking in that sucker, I'm a good cook and all, but it's oval. And really thin tin. Everything in the center of the pan burns and everything on the ends is raw. I think the other use for it must be bealing water out of your foxhole.
They made at least 5 of these things for every soldier in the Army and Marine Corps during World War 2. They made so many of them and the contract lasted, even though they had more than just your average glut of these things, until about half past VietNam. From what was then less than a penny worth of steel they made something they over-sold for a buck a piece back in 1942.
GE and for that matter General Motors and General Foods are making an even more obscene killing (literally) on the business of killing.
Post a Comment