Immelt to jobs summit: Businesses need to do more – Jul. 11, 2011.
What this disgusting creature, Jeffrey Immelt, head of GE, and of Obama’s council on jobs and competitiveness, fails to realize is that his situation is not like that of other companies.
Because of GE’s most favored position with the US government, and with China, it has a huge advantage over all other businesses.
GE does not have to pay taxes on its U.S. profits. It has always been able to avoid most taxes paid by other businesses.
For Immelt to demand the tax paying businesses hire more workers while facing economic and health care uncertainty is an extreme joke.
