For all the caterwauling from the right, and stupifyingly from the Obama Administration and Blue Dog left as well, the real reason the United States has the sizable deficit issues it does is due in large part to the fact corporations like GE make billions in profit and pay no taxes.

In my first post on how stupid it was for Obama to pick Jeff Immelt for his election season commission to appear focused on jobs, I looked mostly at how much GE has been outsourcing manufacturing and technology. Though I mentioned GE’s status as another TBTF finance company, I didn’t explain that in depth. Mike [...]

As I noted earlier, President Obama just named Jeff “Nut on China” Immelt  to head his election season effort to appear serious about jobs in the US. I asked for a statement from Senator Bernie Sanders–who has been critical of the way Immelt and GE received welfare in the Fed bailout–about what he thought of [...]

When Google announced that Eric Schmidt was stepping down yesterday, I joked that Schmidt must be leaving to lead Obama’s campaign economy — the one he’ll use to get re-elected with. After all, Schmidt is one of the Obama’s closest CEO buddies, and he’s leaving at the same time as Jim Messina and Patrick Gaspard [...]

Remember this? Remember when Bernie Sanders used a chunk of his FiliBernie to note that GE CEO Jeff Immelt, whose company benefited from $16 billion in welfare from the federal government, was a big fan of outsourcing to China? Gee! When GE had, a couple of years ago, some really difficult economic times, they needed [...]

This was, IMO, the highlight of Bernie Sanders’ non-filibuster on Friday: GE is of course one of our major corporations, and in fact this recent disclosure pointed out the taxpayers of this country, through the Fed, provided $16 billion in bailout to General Electric during the recent crisis. This is what the head, CEO, of [...]