Corporate-Government Love

One of the problems with the current state of government is the symbiosis between big government and big business. GE is a good example.

President Obama appointed GE CEO Jeffrey Immelt to head the President’s Council on Jobs and Competitiveness presumably because Immelt knows something about creating jobs.

GE, on the other hand relies heavily on special government favors. In 2010, GE paid no taxes on U.S. profits of $5 billion. It took GE an amazing 57,000 pages to explain their tax return.

I guess GE created a lot of jobs producing a 57,000 page tax return.