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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (662927)	7/20/2012 7:51:37 AM
From: steve harris	Respond to of 1578459

Btw, it gets even better. articles.baltimoresun.com "Over the past five years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from the IRS," Sanders' staff wrote in a news release.

To: steve harris who wrote (662927)

7/20/2012 2:13:38 PM

From: SilentZ

Read Replies (2) | Respond to of 1578459


Obama giving GE billions when they paid no taxes on a 5.1 million dollar profit, doesn't bother you does it?

They paid no taxes because of the kind of laws that your asshole Republican elected officials have pushed. Note that the five year period began under a different President. I don't seem to recall his name, and neither does your party. And GE has been close with every presidential administration since what, Hayes?

But "billions" is an exaggeration. The article you posted said $125 million. And it didn't indicate what it was used for. As we liberals always say, that just giving corporations tax breaks doesn't create jobs, while conservatives insist they do (and believe it or not, in the '60s, when LBJ and JFK insisted they did [which was a possibility with the marginal tax rate they inherited from Ike, Truman, and FDR at 90+%]), it was conservatives that insisted they didn't.

Anyway, the only way government money given to corporations can really create jobs is if they give it to them earmarked for a specific purpose, and then follow up. Do you know what that money was for?

(And no, for the record, I don't believe every penny of stimulus money was used productively, but when the economy is cratering, this sort of thing has to move really, really quickly).

-Z