Posted by crazystengel on 9/13/2011 2:25:00 PM (view original):
General Electric made a $5.1B profit in 2010 (some sources say $12B or even $14B, but let's use the smallest figure I found).
GE paid nothing in taxes in 2010; in fact GE, got a $3.2B credit.
Unshackled as they are, GE must have created a lot of jobs, right?
Er, not quite. Between 2007 and 2010 they let 32,000 employees go worldwide (including 22,000 Americans).
Is the solution a bigger tax credit?
www.usnews.com/news/blogs/rick-newman/2011/07/13/why-the-gops-job-creators-are-hard-to-find
http://news.yahoo.com/blogs/lookout/g-e-paid-no-taxes-5-1-billion-20110325-082417-878.html
Exactly Swampy, this is exactly the kind of crap that you can expect from companies that dont have any regulations put on them.
I bet you are going to come up with some bull$hit excuse for GE because you are a puppet for the elite. I dont know why, you are probably not much different from me sociio-economically speaking that is. Unless infact you are the CEO for GE, then I am sure you have some sort of well practiced bull$hit that you spew whenever anybody asks you about not paying tax, insane profits, and at the same time laying off or firing 32000 people.
Come on Swampy, defend GE.