"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Tuesday, March 29, 2011

Jon Stewart:GE's $14.2 billion profit and no federal income taxes and Steve Martin way ahead of his time

March 28, 2011

Jon Stewart on General Electric (GE) making $14.2 billion profit for 2010 and paid no federal income tax.  Jon also criticized Obama for saying he would stop corporations from profiting from outsourced labor when they pay no domestic taxes, but instead making GE CEO Jeffrey Immelt a chairman on his new economic council.

Ironically, Jeff "the jobs butcher" Immelt cut 1/5 of their American workforce during the prior 9 years.

January 21, 2011 (CNN)
President Obama announced the creation of an economic advisory council Friday that will be headed by Jeffrey Immelt, the chief executive and chairman of General Electric.

The President's Council on Jobs and Competitiveness will replace the Economic Recovery Advisory Board that was headed by former Federal Reserve Chairman Paul Volcker.

Volcker's board helped pull the economy "back from the brink," Obama said. Immelt's panel will be charged with "putting the economy into overdrive."

"Jeff's somebody who brings a wealth of experience to the table," Obama said. "We think GE has something to teach businesses all across America."

Steve Martin January January 21, 1978 (ahead of his time)
SNL Transcripts

You.. can be a millionaire.. and never pay taxes! You can be a millionaire.. and never pay taxes! You say.. "Steve.. how can I be a millionaire.. and never pay taxes?" First.. get a million dollars.

Now.. you say, "Steve.. what do I say to the tax man when he comes to my door and says, 'You.. have never paid taxes'?" Two simple words. Two simple words in the English language: "I forgot!"

How many times do we let ourselves get into terrible situations because we don't say "I forgot"? Let's say you're on trial for armed robbery. You say to the judge, "I forgot armed robbery was illegal." Let's suppose he says back to you, "You have committed a foul crime. you have stolen hundreds and thousands of dollars from people at random, and you say, 'I forgot'?"

Two simple words: Excuuuuuse me!!"

The Daily Show

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