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LWW
03-25-2011, 12:43 PM
Let's see, own MSNBC ... dedicate the network to making dear leader successful ... and what do you get in return?

Well ... a trainload of TARP money wasn't enough.

A czarship for the parent GE wasn't enough.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">General Electric, the nation’s largest corporation, had a very good year in 2010.

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.</div></div>

Perhaps THIS (http://www.nytimes.com/2011/03/25/business/economy/25tax.html?_r=1&hp) will settle the debt?

This is where the cabal explains that they have been for this type of thing all along.

pooltchr
03-25-2011, 12:49 PM
Since GE is not "big oil" or "Wal-Mart", or Halliburton, all is well.

Steve

Soflasnapper
03-25-2011, 01:30 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body">Let's see, own MSNBC ... dedicate the network to making dear leader successful ... and what do you get in return?

Well ... a trainload of TARP money wasn't enough.

A czarship for the parent GE wasn't enough.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">General Electric, the nation’s largest corporation, had a very good year in 2010.

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.</div></div>

Perhaps THIS (http://www.nytimes.com/2011/03/25/business/economy/25tax.html?_r=1&hp) will settle the debt?

This is where the cabal explains that they have been for this type of thing all along. </div></div>

I guess you're implying that this tax avoidance situation was created, or made more lucrative to GE, via Obama administration favoritism, in return for good coverage from GE's subsidiary MSNBC?

Leaving aside that GE also owned CNBC, where Santelli's rant against Obama policies jump-started the Tea Party movement which has not been to O's advantage particularly, it's just a false insinuation.

As the article makes clear, GE has been working at tax avoidance for decades, and the tax law that GE is using in these matters appears to be the same as from the late '90s, which was a period the GOP controlled both houses of Congress, with no benefit of any augmentation of such relief from anything done by the Obama administration or the Democratic-controlled Congress in his first half-term in office.

And in response, there is this (from your linked article):

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> “That G.E. can almost set its own tax rate shows how very much we need reform,” said Representative Lloyd Doggett, Democrat of Texas, who has proposed closing many corporate tax shelters. “Our tax system should encourage job creation and investment in America and end these tax incentives for exporting jobs and dodging responsibility for the cost of securing our country.”

As the Obama administration and leaders in Congress consider proposals to revamp the corporate tax code, G.E. is well prepared to defend its interests. The company spent $4.1 million on outside lobbyists last year, including four boutique firms that specialize in tax policy. </div></div>

sack316
03-25-2011, 01:35 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">Since GE is not "big oil" or "Wal-Mart", or Halliburton, all is well.

Steve </div></div>

Actually GE IS big oil too. And with all they manufacture and produce, I suppose in a sense they are a "Wal-Mart" of a different sort to the world. Sans the low prices and worthwhile forwardable emails of patrons /forums/images/%%GRAEMLIN_URL%%/wink.gif

Sack

pooltchr
03-25-2011, 01:52 PM
Congratulations, Sack. You just added another American corporation the the $hi+ list of the left!
/forums/images/%%GRAEMLIN_URL%%/wink.gif

Steve

sack316
03-25-2011, 02:10 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">Congratulations, Sack. You just added another American corporation the the $hi+ list of the left!
/forums/images/%%GRAEMLIN_URL%%/wink.gif

Steve </div></div>

Oh we can do worse for them. When they made labor cutbacks at the end of '09 and beginning of last year, it was mostly the unionized members who bore the brunt of it. There was a 5.9% overall workforce decline for the company. The unionized services and manufacturing laid off 19% of their workforce. Not to worry, though, as NBC Universal did not suffer part of the cutbacks.

But still leaves me to wonder why they discriminated so hard against the unionized middle class workers in production and services...

Sack

LWW
03-25-2011, 04:25 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body">Let's see, own MSNBC ... dedicate the network to making dear leader successful ... and what do you get in return?

Well ... a trainload of TARP money wasn't enough.

A czarship for the parent GE wasn't enough.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">General Electric, the nation’s largest corporation, had a very good year in 2010.

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.</div></div>

Perhaps THIS (http://www.nytimes.com/2011/03/25/business/economy/25tax.html?_r=1&hp) will settle the debt?

This is where the cabal explains that they have been for this type of thing all along. </div></div>

I guess you're implying that this tax avoidance situation was created, or made more lucrative to GE, via Obama administration favoritism, in return for good coverage from GE's subsidiary MSNBC?</div></div>

Yes and no.

Receiving TARP money was undoubtedly a quid pro quo.

Using the tax system legally I don't blame them for ... nor did I blame EXXON.

I will add that this forum is rife with hypocrites who wailed and gnashed their collectivist toofies over <span style='font-size: 11pt'>B-B-B-BOOOOSH</span> and <span style='font-size: 11pt'>B-B-B-BIG OIL!!!!</span> that will roll over and grant GE/MSNBC a complete and total pass for doing exactly what EXXON did.