GE CEO Immelt to ABC News: “People Get to Think What They Think”

Pros: Be Careful of Market as Oil Nears $110….Oil at 106.60

Bill Clinton drove a stake thru Americas heart when he signed that NAFTA bill
<<<<<<<in my best Ross Perot voice
If you pass Nafta, you will see all our american jobs go south

do republicans still think corporations are paying too much taxes and “stifling job growth”

OIL SOARS!!!!!!Climbs to highest since 2008…
Pump prices have doubled under Obama…
Highest March price ever…
OBAMA________VS__________AMERICA

Hey! When is Obama going to put his boot to Immelt’s throat and demand they put 20 Billion in an escrow account for the victims of the nuclear disaster in Japan facilitated by GE’s Cheezy Nuclear Plant. You know, the one where they made it cheaper by cutting corners in design and construction.

but GE is behind the whole compact flourescent boondoggle…and they own NBC…which was all googly woogly over obama’s presidential run, and who is all gaga over al gore and the “green” movement. haven’t people on the left figured out that the only profits that are “obscene” (no matter how huge) are profits by evil oil companies and any industries that associate with and/or support the right. as such, GE is squeaky “green” clean in obama’s eyes.

I’m not upset; the American people allowed this when they refused to support changes in leveling the tax field. You can’t have it both ways.
A strong Democrat.

I say pay back the bailout monies received and pay your taxes. This reporter gave Immelt a pass. Roll over!

reform the tax code. Flat tax or national sales tax and certain Federal excise taxes. No income taxes at all (unless States wish to punish their citizens). We would be the envy of the world and put all those clever and talented tax attorneys, accountants, and IRS workers into PRODUCTIVE jobs!

Ed | Mar 31, 2011 5:00:37 PM posted: “reform the tax code”. Right On Ed ! You and I may not always agree, but this absolutely needs to be a national discussion.
Back in 2009, while the rest of the nation was struggling under a nasty deep recession, 1% of the US had already accumulated “investible assets” totaling $12.09 TRILLION.
That same year, the total deficit was $1.7 Trillion.
Those Bush era tax advantages clearly worked out better for a teeny tiny percentage of wealthy people. Maybe you can explain why these folks shouldn’t be taxed a little bit more?

I am 70 paid taxes all my life had a small business in 2007/2008 made nothing!!! had a big loss.IRS flagged me got a audit ..couldn’t show all my loss due to the storm 2007 in nw destroying my records….now I have to pay 6500. in back taxes….I had pictures of the damage and some records but,thats not good enough.So they go after the small folks that is honest..Let corp ..pay nothing!!HOW .WHAT ..SO I PAY EVERY MO. FOR THE REST OF MY LIFE…oh what a world

In today’s NY Times, the GE CEO stated, “When you are LOSING MONEY (!)you don’t pay taxes.” I would not classify making nearly $6 billion$ as “losing” when they are profits. To the extent that our government is corrupt, bought and paid for and cares not for the welfare of our nation is very relevant to the obscene amount of money that pours into the coffers of our misgovernment. Have we had enough?

If the last administration had appointed him, the Left would be screaming bloody murder.

The Bush tax cuts gave us an unemployment rate of 4.6%.
The business uncertainty created by Obama have given us 8.9%.
The top 10% of earners in the US pay the largest share of total income tax of any country in the world.
Face the facts, parasites: there’s nothing left for you to plunder. You’ll either work hard to improve yourselves, or your standard of living will decline. And while you’re at it, stop whining.

Fascist Hyena | Mar 31, 2011 6:31:07 PM posted: “The Bush tax cuts gave us an unemployment rate of 4.6%.”
Yeah, and 8 years of the Bush Tax cuts gave our nation a pathetic 3 million new jobs. The WORST ever since records have been kept. WORST ever, even with an inflated housing bubble.
See, the Clinton administration created 23 million new jobs, so the Bush era inherited a nice level of employment.
Unfortunately, our current President inherited not only an economic meltdown, but also a job creation engine that was broken.
Parasites? Wow. Is this the new face of the Republican Party or just Libertarians?

Here’s how to not have to pay taxes: throw money at congressmembers you want in place and throw money at congressmembers that go against what you want. Have them take tax loopholes that benefit you and/or your company and make them law. Don’t pay taxes on your profits. When challenged, use the “well, its the law (so go ahead and screw yourself)”.
I suppose that all of this is Obama’s fault as well as everything else that’s wrong with this world. Next the bozos that make up the majority of the Republican and Tea Party constituency will start blaming Obama for the weather.
This country is falling apart and the main reason is because some people’s greediness knows no bounds, and some morons go right along with it.
Hey folks, when are you gonna wake up from your comas and smell the coffee?

I am extremely disappointed in President Obama in allowing huge corporations to go without paying taxes while the working middle class worker is being squeezed from all sides. I am also disappointed that Wall Street bankers are still playing dangerously with investor’s money in spite of the huge economic crisis they caused several years ago. As a FORMER Obama supporter I am so disallusioned by his promise of CHANGE. Change? That’s all I have left in my pockets after taxes are paid next week. While GE goes scott free! The rich get richer, the poor get poorer and politicians (Obama) are all the same.

A.LINCOLN, 7:46:29 PM, Said: “I am extremely disappointed in President Obama in allowing huge corporations to go without paying taxes while the working middle class worker is being squeezed from all sides…..by his promise of CHANGE. Change? That’s all I have left in my pockets after taxes are paid next week. While GE goes scott free! The rich get richer, the poor get poorer and politicians (Obama) are all the same.”
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LMAO!….you are exactly what is wrong with America. You “think” you understand this story but in reality you do not.
For your education there A.LINCOLN, the fact that GE was able to “legally” get away without having to pay any taxes is a result of this thing called “tax loopholes”, many which were implemented with the Bush Tax Cut Laws which the Republicans just pushed to NOT allow to expire last year.
Go read up on some of those corporate tax “loopholes” and learn how to educate yourself about some of the issues facing our country. And, the next time you read about things like GE paying “zero” taxes, or like the other story, a while back, about Warren Buffet paying less taxes than his secretary… you’ll know that you can thank the Republicans and the Bush Tax Cuts for those interesting stories.

A number of organizations are advocating a boycott of the products that come from companies owned by the Koch family. This is problematic for a number of reasons, not the least of which is that it could potentially hurt the wrong people.
The Koch brothers own Georgia Pacific. It is an American consumer goods company that makes everyday products like facial tissue, napkins, paper towels, paper cups and the like. Their plants are great examples of American advanced manufacturing. Incidentally,
GP makes most of its products here in America. The company’s workforce is highly unionized. In fact, 80 percent of its mills are under contract with one or more labor union. It is not inaccurate to say that these are among the best-paid manufacturing jobs in America.
This presents a dilemma and a paradox. While the Koch brothers are credited with advocating an agenda and groups that are clearly hostile to labor and labor’s agenda, the brothers’ company in practice and in general has positive and productive collective bargaining relationships with its unions.
While some companies are running from investment in American jobs, The Koch brothers’ Georgia Pacific just reached agreements with its primary union in the paper industry to invest more than a half a billion dollars in capital to essentially create two state-of-the-art machines that conserve fiber and energy at two separate union mills.
By Jon Geenen
International Vice President, United Steelworkers
This is part of a blog post found on the USW Blog entitled “A Well-Intentioned Bad Idea”.
Points To Consider:
1) 80% of it’s mills are under contract with one or more unions.
2) Among the BEST PAYING manufacturing jobs in America.
3) GP makes most of it’s products here in America.
4) While some companies are running from investment in American jobs, The Koch brothers’ Georgia Pacific just reached agreements with its primary union in the paper industry to invest more than a half a billion dollars in capital to essentially create two state-of-the-art machines that conserve fiber and energy at two separate union mills.
So, while GE sends jobs overseas and balks on paying taxes, the Koch brothers are working on constructive agreements with their company workers and investing in jobs HERE in the USA. High paying jobs in the USA. Wow.

Unfortunately, our current President inherited not only an economic meltdown, but also a job creation engine that was broken.
Posted by: green.goddess | Mar 31, 2011 6:50:02 PM
OR….he stifled jobs with the regulations he has imposed on businesses. Obamacare alone has made it impossible for small businesses to consider additional hiring. So, they make up numbers with “saved or created.” If they “saved or created” that many jobs, why is unemployment over 9% even with the new Obama counting procedures?
And talmag, google the waivers given so far. Well over 1,000 and growing. You can pull up a partial list. It is LOADED with unions.
Go to the story Diane Sawyer did on Obama giving stimulus money for green jobs to heavy donors.

he stifled jobs with the regulations he has imposed on businesses. Obamacare alone has made it impossible for small businesses to consider additional hiring
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The same old stale totally unsubstantiated baloney. Lack of demand alone can completely account for businesses not hiring.

I will bet there are a lot of other corporations doing the exact same thing GE is doing. You can thank the senators that have been in congress writing and passing these loophole tax laws for the last 50 years, this is what corporate lobbyists do best! Until something is done in washington about the way corporate lobbyist influence the senate to write and pass these laws, nothing will change.

Lack of demand alone can completely account for businesses not hiring.
Posted by: Skip | Mar 31, 2011 9:02:42 PM
Yes it CAN. But it is NOT the reason for the last two years. Chaos is. Is it because we have an incompetent in the WH, or does he know he is trying to destroy our great country?

under the republicans its the people who labor to make a living that pay the taxes.
republicans worship the people who hold vast amounts of CAPITAL and do the durndest to make sure that capital gets all sorts of tax breaks, loopholes and the like so it grows even larger…
How many middle class laborers think its fair that billionaire hedge fund managers get to keep their 10% tax rate – and pay less taxes then you?

Hey WHERESMYMONEY, here’s another, fact based, positive story about how the Patient Protection and Affordable Care Act is helping small businesses…to help “educate” you.
From Albuquerque, New Mexico:
“Insurance Exchange Can Give Us Healthier Future”
QUOTE: “Tax credits are already available to qualified small businesses to help pay for the cost of health insurance. Nationwide, this is expected to save small businesses billions of dollars. These tax credits will be available on the exchange, as will subsidies for health insurance premiums for lower-income families.”

george_bushie wrote:” Nationwide, this is expected to save small businesses billions of dollars.”
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Expected? You can’t find evidence where it HAS saved billions of dollars? Expected? Barako Bama’s stimulus plan was “expected” to keep unemployment below 8%. One thing we know for sure is, we can EXPECT you to find another lame excuse for this incompetent poor excuse of a president.

On the other hand the Republicans claimed they would focus on creating jobs…but we have yet to see any evidence of it.

WHERESMYMONEY, 10:16:18 PM, Said: “Another typical Dem tactic. If you have no real talking point, attack the other person. And your analysis of me is so Obamaish. It couldn’t be further from the truth, but you will try and intrude on it anyway.”
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LMAO!………”Wah, wah, wah, wah!”
What? You think you’re just going to be able to come on here with your non-fact based “right-wing” rhetoric without someone opposing the ignorant statements you make, like, “Obamacare alone has made it impossible for small businesses to consider additional hiring.”
LOL!….there are businesses taking advantage of that law, and people getting insured now because of it…and all you do is “whine”….LOL!

skip wrote:”That is one of the most repeated lies we keep hearing. It was simply an offhand estimate casually referred to by a single commenter. The 8% figure was not an official benchmark set by the administration. But hey when you don’t have much to go on the same old stale talking points will have to do…”
.
So in other words no proof the stimulus did what it was “expected” for unemployment… other than funnel productive taxpayer dollars into well connected DEMOCRAT destinations in order to filter its way back into DEMOCRAT campaign coffers.

How much can be debated endlessly by economic statisticians, but I have never seen any compelling evidence that shows the stimulus did not put significant upward pressure on employment. We may have still lost net jobs, but unemployment would have gone much higher without it. “It helped” would only be described as a total failure in right-wing circles.

skip wrote:” “It helped” would only be described as a total failure in right-wing circles.”
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DEMOCRATS would sy “it helped” my standing in my social circle to borrow $100K and party and entertain my friends with lavish gifts and trips, etc. But, now the bill comes due and I’m that much deeper in the hole. Who’s the failure?

skip wrote:”Romer’s report was loaded with disclaimers, it could only be called an rough estimate at best.”
.
Rough estimate? Rough estimate to guide spending $1TRILLION that you don’t have? I’d call it pure science fiction.

but unemployment would have gone much higher without it.
Posted by: Skip | Mar 31, 2011 10:55:09 PM
Once again, just no way to prove that Skip. Just because the propaganda machine says it, it doesn’t make it so…

You’re trying to downplay commonly recognized uncertainty in the job market. If there were such a thing as economic certainty they would already have reliable formulas for the stock exchange.

Don’t mix up tax evasion with tax avoidance, which is a terrific thing to do and can be rewarding providing you can unearth legitimate deductions. Although tax avoidance is perfectly legal, I must admit the chagrin I have with GE not owing anything. The tax man has not sent any body over to GE as far as I know. So if the conglomerate got approval on some big time write offs, leave the CEO alone.

LOLOL. We can all find “an Analysis” that says whatever we want it to say.
Posted by: wheresmymoney | Mar 31, 2011 9:54:27 PM
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so what r we to ASSume from the “fact, figures, and ANALysis” you throw around?
kinda hard to walk with that self inflicted wound in your foot eh?

george_busshie wrote:”DK, I think the “wound” is in his brain, and it’s not “self-inflicted, it’s genetic.”
.
What is genetic is an extreme left-wing party who seem to think that they can spend extreme amounts of money that we don’t have on an extreme agenda and funnel money to an extremely large amount of their well connected supporters knowing that an extremely large amount of that money will find its way back into their campaign coffers to continue supporting their extreme agenda. The extreme left-wing CANNOT honestly propose a cut of a single dollar. Never have, never will.

georgie_bushie @ 7:45:39 AM
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Amatuers compared to Pelosi, Reid, and Barako Bama. Tell me again how much they proposed to cut in their budget proposal for this fiscal year? You know, that budget thingy that tells the American taxpayer in advance how they plan to be good stewards of their hard earned money. Surely those extreme left-wing folks in charge of things left one laying around somewhere for you to quote from, especially what with the election last year and all?

Now a Gallup poll concludes that “unemployment saw a slight, but insignificant, decline in March.” Unemployment decline was INSIGNIFICANT. The Obama brood needs to follow Colin Powell’s advice and “focus in like a laser on the economy”. The economy can only improve by producing our way out of it. It doesn’t happen by liberals “wishing it” or by mere, “let’s wait and see”. No we need to get PRODUCING again and the radical liberal bureaucratic red tape is what’s strangling our nation. High taxes, heavy burdens on businesses, radical environmentalist red tape is causing our demise.

These are Obamas pals. They will not be touched. Heck their CEOs left GE and are now in Obamas administartion

Georgie_Bushie | Apr 1, 2011 7:45:39 AM
……I bet you’ll be saying “but Bush…..” for the next 75 years! What about Clinton Bush 1, Reagan, Carter, Nixon, LBJ, FDR and Woodrow Wilson. One thing you and do agree on is if we don’ty learn from history,… . Seems like we are repeating history; but with the annual deficits exceeding $1.5T, the national debt over $14T and unfunded liabilities exceeding $112T, we’re gliding toward the precipice (unless we’ve already gone over it).

These people pat themselves on the back for doing more with less, while they are the crux of the problem. GE brings more things to light, in their own pockets, while justifying it with their own results without looking at the blood on their hands. This man should not be on any government commission, out side of the Republican “Save the Wealthy” by stepping on the middle class commission.

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