The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for March 31st, 2011

AARP Making Mega-Millions on Corrupt ObamaCare “Easter Egg”

Posted by iusbvision on March 31, 2011

This is how some corrupt corporations make millions and scam the taxpayers. The AARP is supposed to be non profit. That means that they are not supposed to make hundreds of millions of dollars in profits, they are not supposed to be engaged in partisan politics and they are not supposed to be engaged in a huge conflict of interest. AARP has done all of this at the expense of their members and employees.

Related:

AARP and Many Others Hiking Premiums or Dumping Coverage Because of ObamaCare

Corrupt AARP Health Care Deal Puts Seniors at Risk

CBO: Obama is wrong, cuts in Medicare will result in benefit cuts. The corrupt AARP angle. UPDATED!

Ethics You Can’t Believe In: Special Interests Dominate Fiscal Responsibility Summit

Posted in 2012, Chuck Norton, Click & Learn, Economics 101, Health Law, Is the cost of government high enough yet?, Obama and Congress Post Inaugration | Leave a Comment »

Herman Cain: The elite media does not want Barack Obama to have to go toe to toe with Herman Cain as the Republican nominee.

Posted by iusbvision on March 31, 2011

Posted in 2012 Primary, Chuck Norton | 1 Comment »

ABC’s Jake Tapper Blasts Obama’s Double Standard on Jobs

Posted by iusbvision on March 31, 2011

ABC’s Jake Tapper on the double standard: “What would candidate Obama have said if Bush’s jobs adviser ran a company which outsourced thousands of jobs and paid no taxes on $14 billion in profits?

Jeffery Immelt with Obama

Politico (and Politico is very left friendly folks):

The results of GE’s tight relationship with the Obama administration are starting to show.

The company’s CEO, Jeffrey Immelt, went from being an Obama ally on green energy to being one of his top outside advisers on the economy in the last two years.

In the process, The New York Times reports, GE had one of its best years in 2010, in part by getting a huge tax benefit from Uncle Sam.

Last year, the company paid nothing to the government. Instead, the government paid GE $3.2 billion in tax breaks.

“Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore,” according to The Times.

Some combination of aggressive lobbying for green energy tax incentives — for which the administration had pushed aggressively in the Recovery Act and in President Obama’s budgets to Congress over the last two year — and strategies run out of its in-house tax department have made GE one of the leading companies in reducing its corporate tax burden.

When Immelt was named the chairman of Obama’s Council on Jobs and Competitiveness in January, he acknowledged that his company has a reputation for running most of its business overseas, the result of more than three decades of reducing its domestic operations to minimize costs.

“I know that despite the fact that 60 percent of GE’s revenues are outside of the United States, I personally and this company share in the responsibly and the accountability to make sure that this is the most competitive and productive country in the world,” Immelt said in January.

But he neglected to mention that GE’s offshore operation also allows it to avoid paying most of its taxes to the federal government.

GE’s spokesman told the Times that reducing its tax burden is part of the company’s “responsibility” to its shareholders.

But it also appears to run contrary to Obama’s rhetoric about slowing the rapid offshoring of American jobs.

Posted in 2012, Campaign 2008, Chuck Norton, Jake Tapper, Obama and Congress Post Inaugration | Leave a Comment »