GE paid an effective tax rate of 2.3 percent or less over the past ten years. What did the government do for GE while it was paying little - and often no - taxes? Let's see:
The government let it off with just a slap on the wrist - more than once - after it repeatedly broke the law.
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If a blunder you committed cost your employer $4 million, how long would you stay employed? In America today, a CEO can cost his company $4 billion and still collect both a paycheck and a bonus.
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Again and again (and again and again) we hear -- and learn the hard way -- that our "keep government out of it" approach to economic and manufacturing policy is hurting us.
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EJ Dionne thinks that Democrats should be wary of getting too cocky because the Obama lead is fragile and the Republicans might just decide to be sane before the election:
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I believe for every drop of rain that falls,
A flower grows.
Tom Jones
Mitt Romney’s economic address at Ford Field in Detroit received more attention for the empty seats in the cavernous field than for the similarly vacant words in his address.
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Each morning, Bill Scher and Terrance Heath serve up what progressives need to effect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security.
MORNING MESSAGE: CEOs Too Big To Fail
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Now that my post-20th-GOP-debate waves of nausea have subsided, I'd like note one good thing that came of the whole ordeal. Their economic agendas are disastrously wrong-headed, and their attacks on President Obama go beyond borderline bigotry. But when the remaining GOP standard bearers attack each other, they are usually spot-on.
The latest example is Mitt Romney's attack on Rick Santorum for voting "No Child Left Behind" and the earmarks that built the infamous "Bridge To Nowhere" in which he basically called Santorum (as Jed Lewison put it) an "unprinicpled hack."
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Action Coming -- Spread The Word!
This is a Big Deal, just look at end of this post for the list of organizations that are signed on to this so far - and more coming.
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So I've been wondering here lately about why these campaigns cost so much more than they did just a few years ago. What are these Super PACs spending all their billionaire contributions on anyway?
Well, surprise ...
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Each morning, Bill Scher and Terrance Heath serve up what progressives need to effect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security.
Morning Message: Satan Speaks to Santorum – and Has Some Words For Sarah Palin, Too
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