General Electric paid zero taxes this year.
It is not a surprise to me, nor should it be a surprise to anyone if they just took a look around at what is going on. But no, certain elements of the Left are up in arms about this sudden ‘revelation’.
Italian fascism I have detailed before in this blog. Monetary incentives being funneled to allies and supporters, while creating a hostile business environment for enemies is how Mussolini kept control all of those years before their northern neighbor’s revival. Mussolini helped the Cammora, fought the Mafia, then switched sides, keeping the two organizations fighting one another. He used his socialist economic interests to keep his opponents reeling and fighting one another. Again, I documented all of this previously.
Mussolini’s closest business friends got rich off the back of the people, even as they claimed they were helping the people through tough economic times.
So, today, we have Barack Obama doing the same thing. He helps the union bosses keep control, and their pockets filled while receiving campaign help and donations even to the detriment of the union laborer. He does the same with civil rights groups, who have long past their previous good deeds and are now just a tax refuge for intellectuals running the organizations, claiming to help the people but watching their neighborhoods become more and more blighted with unemployment, drugs, crime, and misery. Then, the big businesses supporting Obama get away with murder, all in the name of helping people or the environment.
General Electric wrote the proposed cap and trade bill. The only appliances these days that fit under the regulations of the bill happen to be manufactured by General Electric. The car insurance companies backing Obama helped write Obamacare, something little reported. Cheap mortgage companies were backed by Obama, such as Countrywide, Fannie Mae, and Freddie Mac, yet regular banks, who did not support Obama, are routinely attacked as being greedy. Countrywide, Fannie Mae, and Freddie Mac executives made millions. Goldman Sachs is yet another example. All those companies around them that did not support Obama are villified, yet they make out like the fabled robber barons of the early 20th Century. George Soros, financier of Marxist causes, gets rich with every manipulation he does to the political cycles of the world. He cannot enter France, of all places, because of his manipulations of political events that affect currency speculation.
So, I am not surprised at the revelations about General Electric. The sheep following the Left are shocked now, and will be shocked even further because of the blinders they have put on to reality. Obama, and his friends, are no friend to the people. Never have been, never will. They are only concerned with power and greed, and General Electric is the first tears of the cloak of invisibility they have hidden their true dealings behind.