8 April 2012 0 Comments

Corporatism: The Real World of Corporate Favoritism – Obama’s Favored General Electric Paid 2.3% Tax Rate on $81 Billion of Profits Over Past Ten Years

Oil and gas companies are bashed for their special and not so special tax deductions, meanwhile, one of President “99%” Obama’s favorite corporate has very skilled tax accountants and tax attorneys to maneuver through the incomprehensible labyrinth of the American Tax Code. GE’s Jeffrey Immelt and President Obama – BFFs TaxProfBlog (14, 782,742 visits since […]

6 January 2012 0 Comments

General Electric Corporatist Part 2: US Taxpayer Finances China Expansion

Barack Obama finances Corporatist Crony Capitalist Jeffrey Immelt and multi-billion dollar corporation  with Taxpayer Money to Expand and Profit in China. GE Bases X-Ray Unit in 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, […]

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 […]

7 December 2011 0 Comments

Government Taxpayer Subsidized General Electric Ships Jobs to China and Profits

General Electric, the nation’s largest industrial company, on Friday reported net earnings for the third quarter of $3.2 billion, up 57 percent from the same period in 2010 despite what the chief executive called a “volatile” economic environment. By CHRISTINE HAUSER Published: October 21, 2011 NYTimes GE Jobs to China Isn’t Jeffrey Immelt the “1%” […]

26 November 2011 0 Comments

General Electric Jeffrey Immelt Barack Obama Corporatists Part 4: Two Peas In a Pod

WSJ October 10, 2011  “The company said it isn’t cozy with Washington. The company has received $127 million in contracts, grants and loans from the $787 billion federal stimulus package, according to Recovery.gov. That placed GE well out of the top 20, which received more than $400 million each. GE’s sales to the federal government […]

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 […]

24 September 2011 0 Comments

General Electric Receives EPA’s First Greenhouse Gas Waiver: Rent Seeking Corporatism on Public Display

RedState’s Tabitha Hale points out an obvious economic principle and draws our attention to yet more special treatment for one of the  Obama Administration’s favorite Big Businesses Tabitha Hale goes on to explain “Rent Seeking”, “Waivers” and how regulations give government agencies control of Big Business and how Big Business is all too willing to […]

20 September 2011 0 Comments

Export-Import Bank Part 5 – General Electric’s Billion Dollar Taxpayer Subsidy

CATO’s Sallie James analyzes US Export-Import Bank, its stated purposes and real world result Time to X Out the Ex-Im Bank   Table 2 Top 10 U.S. Beneficiaries of Export -Import Bank Loans and Long-Term Guarantees, FY2010 General Electric Co. Total Revenues $150,211,000, 000 Total Long Term Guarantees $ 1,043,000, 000   – 7.2 % of […]

19 September 2011 0 Comments

General Electric’s Jeffrey Immelt’s Open Advocacy of European Social Democratic Welfare State & Government Central Planning – Export-Import Bank

General Electric’s Jeffrey Immelt – Corporate Collectivist – the German Social Democratic Welfare State Model is the model for the US. France, Japan and China are admirable models for Jeffrey Immelt, an American businessman. In my view, State Power and Business Wealth are a lethal combination, a Leviathan of money and power, is not good […]

23 August 2011 0 Comments

Big Business General Electric: Taxpayer Subsidized Profits

As the US taxpayer is struggling, as more and more Americans don’t have jobs, as a selective, sequential shutdown of taxpayer financed government  programs appears necessary and inevitable, Mega International Corporation Taxpayer Subsidized General Electric reported a 21.6 percent rise in profit, topping estimates, boosted by strong demand outside the United States for its heavy […]