See it now before it gets finked on and the corporate police come to drag it away. On YouTube, corporate America likes all the little future lickspittles who give big wet smooches to the television advertising. The other way round, not so much.
Some will have noted that last night, on MSNBC, General Electric changed its corporate advertising, rolling out a different commercial without the country line dance, one retooled to emphasize it makes stuff — like one big jet engine.
Yeah, we all get it.
Jet engines, one just canceled for being “a waste of taxpayer money,” as part of its corporate socialism arms-manufacturing wing.
The lesson learned. It’s good to get taxpayer money for arms manufacturing and as part of your offshoring corporate tax stunt.
Keywords: Ge & Jeff, Jeffrey Immelt, the Income Tax Rumba.
It’s everything that’s wrong with corporate power today: News broke last week that General Electric, America’s largest corporation, made $14,200,000,000 in profits last year and paid $0 in taxes — that’s right, zero dollars in taxes. At the same time, C.E.O. Jeffrey Immelt saw his compensation double. Now I hear that GE is expected to ask 15,000 of their unionized workers to make major concessions in wages and benefits.
But what really adds insult to injury is the prestigious and influential position Jeffrey Immelt holds as chair of President Obama’s Council on Jobs and Competitiveness. That’s wrong. Someone like Immelt, who has helped his company evade taxes on its huge profits — and is now looking to workers to take major pay cuts after his compensation was doubled — should not lead the administration’s effort to create jobs.
We cannot stand by and watch while we are led down this road. Mr. Immelt must step down from the president’s jobs panel — and if he won’t, President Obama needs to ask for his resignation.
Help us build public pressure on GE’s Jeffrey Immelt to step down or President Obama to get his resignation from the jobs council: Sign our petition at www.ImmeltMustGo.com today!
How can someone like Immelt be given the responsibility of heading a jobs creation task force when his company has been creating more jobs overseas while reducing its American workforce? And under Immelt’s direction, GE spends hundreds of millions of dollars hiring lawyers and lobbyists to evade taxes. All of this at a time when Fox News and the right wing are demonizing public workers, like teachers, as the cause of our economic problems.