Share |

Saturday, March 26, 2011


President Obama has proved himself a member of the corporate fascist elite. No surprise  if you've been paying attention. On what do I base this assessment?

Let's start with Obama's Chairperson of the Council on Jobs and Competitiveness Jeffrey Immelt. While the middle and working class are being ground down to dirt, General Electric -- the country's largest corporation, which Immelt also chairs -- had a very good year in 2010.

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. (Read the rest of the story here.) Immelt was appointed by Obama in 2011.

And who did Obama appoint as his new Chief of Staff this year? Bill Daley, whose previous position was a top executive at JP Morgan-Chase -- the bank that aided and abetted Bernie Madoff while joining the rest of the Wall Street banks in destroying the world economy for their own gain. JP Morgan-Chase made $17.4 billion in profits in 2010. Daley, in 2011, received almost $5,000,000.00 in pay and bonuses for two months work before leaving for the White House. (Go ahead. Google it.)

Who do you think Daley's looking out for? Who do you think Obama is looking out for?

No comments:

Post a Comment