Remember when our President was going to stop business as usual in DC? Here is an example of him doing exactly the opposite. It is time for him to go.
President Obama has been receiving only good press on the GE owned MSNBC for the last 3 years. Remember the stupid comment by supposedly a neutral television host that said" he causes shivers to run down his leg?" All of that good pub. doesn't come cheap.
Today we found out how much it really cost. General Electric paid ZERO federal taxes on income of 14.2 Billion dollars. How can that happen?
Well, it helps if you hire mostly IRS people to work in your tax dept. And spend millions on campaign donations to get special tax breaks. Of course, those tax breaks need someone to promote them....and the best guy is Obama.
So under Obama, we get to pay for wind turbines (green tax breaks and special depreciation) light bulbs and billions in government contracts to GE. But the worst and most agregious example of being bought off is the President installing the CEO of General Electric to his special Council on Jobs and Competitiveness. One of the key items they will address are corporate taxes.
So while millions of people who lost their homes will be paying taxes on the money that was lost by the banks in the foreclosure process, GE gets a pass. Please folks, no platitudes or comments on how great Obama is. In the end, he is a terrible example of what a President should be. And those that think otherwise, you are part of the problem.