No wonder jobs aren't being created. The President listens closely to Jeffrey Immelt, the CEO of corporate welfare recipient large multinational General Electric about jobs policy. So what's GE doing about jobs? Bloomberg reports: General Electric Co.’s health-care unit, the world’s biggest maker of medical-imaging machines, is moving the headquarters of its 115-year-old X-ray business to … Continue reading President Obama’s Jobs Advisor Ships Jobs Overseas.
Ok, just a quickie about taxes with two more startling graphs. Another proposal that's making the rounds in Washington is to cut the corporate income tax rate. This proposal is originally coming from the Republicans, but it looks like Obama has drunk the kool-aid too. The argument goes that corporations in the U.S. are taxed … Continue reading I Don’t Think Corporate Taxes Are Too Low
Ronald Reagan introduced the nation in 1976 to the concept and existence of welfare queens, private citizens that pay no taxes but manipulate the system to obtain large amounts of government money. Sometimes welfare queens have very profitable but socially destructive businesses on the side and make even more profits. If that's true, then General … Continue reading General Electric Is A Welfare Queen
This morning the news came that more than 2 weeks after the tsunami in Japan, 4 of the 6 nuclear reactors at Fukashima are still not stable. Indeed, 1 or 2 of the reactors are suspected of having leaks from, at best, the pipes into and out of the core reactor containment housing, and, at … Continue reading Corporate Influence – GE and Radioactive Fallout
The disaster at the Japanese Fukashima nuclear reactor has, not surprisingly, re-opened debates about nuclear energy, it's safety, and energy policy in general. I'm not going to go into the whole debate or the merits of nuclear energy vs. coal-powered vs. solar, etc. here now. But what I do want to do is to talk … Continue reading Beyond Regulation: Thorium As Safe Nuclear Power?
Follow-up to my post Fox, Hen House, Economic Advisors on appointing GE boss Jeff Immelt to advise President Obama. So Obama begins enforcing new environmental rules, but GE gets an exemption. How convenient. As Mel Brooks used to say, It's good to be the king. I think it's pretty nice to just be the king's … Continue reading It’s Nice to Advise the King
President Obama, in his never ending desperate quest to be accepted by Congressional Republicans as being just like them, even if it means abandoning the changes he was elected to lead, has changed his lead economic advisors. Simon Johnson in the NY Times observes: President Obama is embarked on a major charm offensive with the … Continue reading Fox, Hen House, Economic Advisors