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CNN's Jack Cafferty: GE Moves $14 Billion Per Year X-Ray Business To China, And They Still Don't Pay Any U.S. Taxes

Video - Jack Cafferty On GE's Latest Announcement - July 27, 2011

Jack is pissed off at CEO Jeff Immelt and rightfully so, as GE announced plans yesterday to offshore its massive radiology manufacturing business to China.  Cafferty and Blitzer also remind viewers that that GE paid no corproate income taxes for 2009 and 2010 despite making several billion in U.S.-based profits.  Don't forget that Immelt is the head of Obama's Jobs Council and a board member of the New York Federal Reserve.

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Reader Comments (6)

The aspen institute is currently holding this event.


Look out for false headlines.
Jul 28, 2011 at 12:14 PM | Unregistered Commenterjohn
And the increase of the trade deficit continues...

As the trade deficit goes, so to does the national debt.
Jul 28, 2011 at 5:21 PM | Unregistered CommenterS. Gompers
What group of IDIOTS said: Cutting taxes will create jobs. Where OVERSEAS?

I hope these IDIOTS lose their jobs to FURERNERS.
Jul 28, 2011 at 11:52 PM | Unregistered CommenterTR
I'm not saying its good, I'm not saying it's bad; but what nobody in the media is saying about a balanced budget amendment is this: if we had one we couldn't have fought WWI, WWII, built the interstate highway system, gone to the moon, won the cold war. A balanced budget means you can't borrow so no treasury bonds and a huge hole in the financial markets.
Jul 29, 2011 at 1:49 PM | Unregistered Commenterkurt

They would undoubtedly put in provisions for exigent circumstances.
Jul 29, 2011 at 3:31 PM | Registered CommenterDailyBail
We won the Cold War? Follow peoples shopping habits, Communism is very fashionable these days...
Jul 29, 2011 at 10:53 PM | Unregistered CommenterS. Gompers

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