And the regime can say that there are no Gov’t owned companies with a straight face. This is corrupt and the GOP better investigate.
And the one where they're making energy from cow farts?
Will they have to stop those or will they get to keep showing them?
How the mighty have fallen...
Geeze! The Obama administration is like the Vatican selling indulgences.
...when you compare what GE’s corporate tax rate is 3.6% with others like Home depot,wallymart,and others...it is strange.
Guess that stuff about special interests and CHENEY and Hilaburton don’t matter anymore to the average rat....or the MSM
What a racket; pass draconian laws, then exempt people from it who pay you tribute.
This kind of criminal activity is why revolutions were invented.
There is no longer any pretense to fairness or objectivity with the left. Our Masters know what’s best for us and can do whatever they wish. What is most frightening is that they don’t see anything wrong with what they are doing.
General Electric is really a Hedge Fund that has been masquerading as a Company.
Not a surprise.
Lets keep an eye on which corporations are in cahoots with fascist-socialist governments.
We have turned into Nazi Germany.
I would say that it is certainly not constitutional for the Congress to pass a law and then for the President to declare that specific people need not obey it. The Legislative Branch passes laws. The Executive Branch enforces them impartially. That is what happens under the rule of law.
GE is traveling the road to perdition, making lots of enemies. Immelt is up to his eyeballs in crony fascism. We’ve seen this crap before in 1930’s fascist Germany. This will not end well.
Nice way to take a dump on the equal protection clause in the 14th amendment.
Corrupt and incompetent is a bad combination.
Pray for America
A lot of these major industrial corporations have been co-conspirators in the passage of many of the federal regulations.
Here is how it has worked for the past several decades:
When EPA or Bureau of Mines, or Dept. of Energy, or Nuclear Regulatory Commission, or whatever other federal agency proposes a new rule, national organizations that represent heavy industry, mining, petroleum, and chemical manufacturers in the U.S. lobby congress and the agency for exemptions to their own operations in trade for not challenging or fighting the rule in court.
If a new rule is proposed and the implementation date “grandfathers” in all of their existing sources, then that rule becomes a “barrier to entry” and protects existing industry from competitors.
(We’ll make this new rule, but you don’t have to comply with it, since you are already up and running, but anyone else who comes along and want’s to do the same thing you do will not be allowed to. They will face much higher operating costs than you.)
This has happened over and over again since the 70’s with waste water rules, air regulations, solid waste regulations, drilling regulations, mining regulations, etc., etc., etc.; and has allowed the environmentalists to incrementally tighten the screws bit by bit by bit over the years.
When their old factories, mines, and refineries had worn out and needed replacement, or upgrading, or expansion, the co-conspirators were hit with those same high operating costs that had prevented them from having fair competition all of those years. Many of them closed down because they would no longer be profitable.
This is but one of the reasons that new start up manufacturing is much much easier to do in China or Indonesia or India or Mexico instead of here in the U.S.
F. A. Hayek "The Road To Serfdom"
and America takes another one in the........
The fact is that Fascism and Communism had always incorporated "companies" into the government leftist heirarchy, ala Messerschmidt, Gazprom, Aeroflot, Siemens, etc. And now in the US, Goldman-Sachs, AIG, GE. Indeed GE is now a near perfect model of say the union of Volkswagon and the Nazi Party.
This model has re-established itself in current decades as the "Third Way" out of the London School of Economics, Soros' old alma mater. These "intellectuals" really do believe in this mutual management of corporation and government, and think it a viable pathway. And certainly in the past these authoritarian appointed companies did indeed still accomplish technical innovations, witness the jet plane and V-2's of Germany.
All the time however it really is simply a front for communism, authoritarian leftism; just as the CEO of GM was "appointed" by the Obama administration. To the contrary, in a free entrepreneurial society, small business(es), i.e. ones not "too big to fail," compete dynamically with all, generating a dynamic, creative, albeit dog-eat-dog, competitive theater of opportunity. The greatness of this is quite obvious in the US today in the software industry, one not controlled by the federal government and one of the few remaining vestiges of US free enterprise.
To the energetic and enterprising this latter is the preferred pathway, rather than the kiss-ass, yes-man, obsequiousness (Immelt) of corporate leftism. Unfortunately I'm not sure the youth of this nation see it. And the old, who should, don't seem to speak up.
Laziness, Cowardice, Self-occupation, Leftism.
Johnny Suntrade