Archive | Big Business RSS feed for this section

7 January 2012 0 Comments

General Motors Corporatist: US Taxpayer Finances Unionized, Government Owned GM to Expand in China

President Barack Obama Finances Unionized Corporatist Crony Taxpayer Financed Capitalist General Motors  to Invest in China and Create Productive Jobs in China. China’s SEIC is a 1% stockholder in US Taxpayer Financed General Motors. Chevrolet Sail compact cars built at a Shanghai GM joint venture were lined up last October before being loaded onto a […]

5 January 2012 0 Comments

General Electric Corporatist Part 1: Jeffrey Immelt Works the System

General Electric, one of the largest corporations in America, filed a whopping 57,000-page federal tax return earlier this year but didn’t pay taxes on $14 billion in profits. Nov 17, 2011 Weekly Standard By John McCormack Smiling like the cat who ate the canary , 1% GE President Jeffrey Immelt knows how to work the […]

25 November 2011 0 Comments

General Electric Jeffrey Immelt Moves Jobs to China Part 3: And Elsewhere Overseas

GE has created more jobs overseas in the last decade than it did at home. GE employs more people outside the U.S. than within the country. Its U.S. employment dropped by 16% over the previous decade to 133,000 jobs at the end of last year while overseas employment fell by 2,000 jobs to 152,000. The […]

24 November 2011 0 Comments

General Electric Jeffrey Immelt Moves Jobs to China: Part 2

Press Release From General Electric  October 09, 2007 GE Aviation’s China Operations Center Celebrates First Anniversary –Shanghai, China — GE Aviation is celebrating the first anniversary of the China Operations Center (CHOC) which opened in Shanghai in 2006 to provide dedicated customer and product support for China’s growing aviation market. More on GE in China […]

23 November 2011 0 Comments

General Electric Jeffrey Immelt Moves Jobs to China Part 1: Taxpayer Subsidized GE Outsources to China

GE Moves X-Ray Unit Jobs to  China JULY 26, 2011 WSJ Laurie Burkitt BEIJING—General Electric Co. said it is moving its X-ray business headquarters to China to accelerate sales in the country’s fast-growing health-care market, the latest sign of China’s growing importance to the giant U.S. conglomerate.The X-ray unit will be the company’s first business […]

10 October 2011 0 Comments

Yikes! The NYTimes Defends Boeing’s Choice of Right to Work South Carolina

Café Hayek’s Don Boudreaux brings this unusual circumstance to our attention: The Leftist NYTimes columnist Joe Nocera agrees with Boeing that it is entitled to build its Dreamliner in Right to Work South Carolina because it needs assurance of “no strikes” in order to meet its contractual deadlines. The Obama Administration has packed the NLRB […]

2 October 2011 0 Comments

Whom do you trust? Wal*Mart and Home Depot or Politicians and Government BureaucratsFema

Who are more trustworthy? Job creating, profit driven, private citizen run businesses who put the consumer/customer or  government bureaucrats and power driven politicians? Cafe Hayek’s Don Boudreaux asks: “… when you and your neighbors are homeless, hungry, and thirsty following a natural disaster, would you prefer to rely upon the devotion to public service that […]

29 September 2011 0 Comments

Warren Buffet Argues for More Taxes and Bigger Government: Attention Seeking Hypocrite

Warren Buffett’s taxing hypocrisy on paying higher taxes and Warren Buffet defends the Estate Tax while profiting from it. Corporatist Big Business again demonstrates it is not The Forgotten Taxpayer’s friend nor the friend of Limited Government and Economic Freedom. Giant life insurance lobby key force behind estate tax (Daily Caller Nov. 30, 2010) Anomalously, […]

26 September 2011 0 Comments

Fannie Mae Bailout Continues: 2011 $5.1 Billion – Barney Frank

Barney Frank’s Government Sponsored Enterprise Federal National Mortgage Association, Fannie Mae, is siphoning even more money from America’s Forgotten Taxpayer. With $5.2 billion loss to shareholders, it appears the $5.1 billion is to bail out the shareholders of Fannie Mae. Who are these shareholders that The Forgotten Taxpayer needs to bail them out? WASHINGTON CNBC  […]

25 September 2011 0 Comments

Fannie Mae Debt Downgraded: S & P Rating Agency

S&P downgrades Fannie and Freddie, US-backed debt How does this happen? Gretchen Morgenson and Joshua Rosner have explicated the Federal National Mortgage Association’s complicity in the subprime meltdown and subsequent bailouts with a clear exposition of the facts written in an accessible journalistic style. “Reckless Endangerment” explains complexity with clarity. For another perspective, see political […]