Saturday, March 26, 2011

This'n'That; March Twenty-Sixth #2; owe-bama Buddy

Benefits Of Being A "Clown Prince" Buddy!
    Jeff Immelt is proving that 'it pays' to be one of the "Clown Prince's" a$$hole buddies.  Immelt was appointed by owe-bama to chair the "President's Council on Jobs and Competitiveness;"  pretty much a no-show job, given that jobs are nonexistent and America's competitiveness is being 'sold down the river!'
    Immelt's "other job" is CEO of General Electric, a recipient of $16 Billion in PORKulus funds  the company really didn't need-other than it was free 'owe-bama money' and Immelt could pay it back on HIS schedule, if ever.  Now we find that G.E. had American profits of $5.1 Billion out of the worldwide total profit of $14.2 Billion.  The company sure needed their share of 'owe-bama money,' didn't they?!?  Care to hazard a guess as to how much tax the American profits generated to the Treasury Department?!? Zero-Zip-NAD'DA!!  Not only did G.E. not pay any taxes, the company actually qualified for and claimed a $3.2 Billion tax credit!!  That's how being an owe-bama "a$$hole buddy" pays off!!
Til Nex'Time....

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