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.

Related stories:

• G.E. Made $14 Billion In 2010 And Paid NO U.S. Tax
• Ronald Reagan On GE's Tax Avoidance In 1985: "I Didn't Realize Things Had Gotten That Far Out Of Line"
• NBC News Stays Mum On GE’s $0 Tax Bill - Inside GE's Tax Avoidance Division
• Jon Stewart: NBC News Was Too Busy Explaining 'LOL' And 'Muffin Top' To Report On GE's Zero Tax Bill

Comments

[john]

The aspen institute is currently holding this event.

http://www.aspeninstitute.org/policy-work/homeland-security/security-forum

Look out for false headlines.

[S. Gompers]

And the increase of the trade deficit continues...

As the trade deficit goes, so to does the national debt.

[TR]

What group of IDIOTS said: Cutting taxes will create jobs. Where OVERSEAS?

I hope these IDIOTS lose their jobs to FURERNERS.

[kurt]

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.

[DailyBail]

@Kurt

They would undoubtedly put in provisions for exigent circumstances.

[S. Gompers]

We won the Cold War? Follow peoples shopping habits, Communism is very fashionable these days...