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 […]

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 […]

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 […]

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 […]

18 August 2011 0 Comments

Big Business Is Not The Forgotten Taxpayer’s Friend Part 8: Turbines Financed by the Government

As Timothy Carney points out in another in his series on the alliance of GE and Government and the inevitable  misallocation of scarce resources and human capital Pro-Business is not Pro-Free Market and not Pro-Individual Freedom. Washington Post frames Jeffrey Immelt’s appointment as centrist when in fact, as Timothy Carney pointed out in July 2009  […]

17 August 2011 0 Comments

Big Business Is Not The Forgotten Taxpayer’s Friend Part 7: Obama Immelt Billions of Taxpayer Dollars

GE’s CEO Jeffrey Immelt  and America’s President Obama’s antipathy to free markets Timothy Carney of the Washington Times. GE’s CEO Jeffrey Immelt teams up with America’s President Barack Obama with billions and billions of dollars of subsidies and bailouts, and rigged regulations and mandates favorable to GE’s financial interests. Another description for this relationship is […]

16 August 2011 0 Comments

Big Business Is Not the Forgotten Taxpayer’s Friend Part 6: Corporatists, Government Monopolies, Natural Monopolies

Timothy Carney of the Washington Examiner has done a series on the damage to both freedom and the economy that General Electric’s Jeffrey Immelt and his Board have done. GE is now in the business of subsidies, bailouts, regulations and mandates. Jeffrey Immelt seems unaware of principles of American Exceptionalism and Limited Government. Jeffrey Immelt, […]

11 August 2011 0 Comments

Big Business Is Not The Forgotten Taxpayer’s Friend: Part 1 – General Electric Jeffrey Immelt- Obama Administration BFF

The Leftists and Liberals conflate support for Free Markets and Free Trade with support for Big Business. Big Business has a natural tendency towards Mercantilism, that is , the use of State Power to advance commercial interests of a few. This is sometimes called “rent seeking” or “corporate welfare” manifested in numerous subsidies and preferential […]