General Interest

General Electric is ‘Winning the Future’


General Electric reported that its first-quarter earnings have increased by 77 percent compared to the fourth-quarter of 2010.  This comes as the New York Times reported that GE paid zilch on their taxes, while raking in over $14 billion in profits in 2010.  Even worse, GE actually received $3.2 billion in tax benefits.  Read the full article at FreedomWorks.org  (GE, under the NBC umbrella, owns many of the sports/cultural channels you watch.  List of assets(Liv: There’s a huge difference between free market capitalism and corporatism) 

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Discussion

One thought on “General Electric is ‘Winning the Future’

  1. Corporations Rule, why are we so suprised about these issues, then our Gov. from FDA, USDA, EPA amoung some, get legal kick backs from these people, the FDA gets large sums of the profits, or royaltys as we should call it, for every drug they approve and market, what could possibly go wrong, get use to it they are here to stay.

    Posted by garry gibbs | April 25, 2011, 12:08 pm

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