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G.E. Profit Up Despite ‘Volatile’ Economy

lpast

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The nation’s largest industrial company, on Friday reported net earnings for the third quarter of $3.2 billion, up 57 percent from the same period in 2010 despite what the chief executive called a “volatile” economic environment.

http://www.nytimes.com/2011/10/22/business/ge-profit-up-despite-volatile-economy.html?_r=1


Lets get this straight...GE made 15billion in profit and not only didnt pay any US taxs at all they got a 300,000,000 tax credit and they didnt create a SINGLE JOB here.To repay the US taxpayer for our kindness they moved an entire division to china to create jobs for chinese.
Now they see their profits SOAR 57% and they still havent created a single job.
OMG we MUST give Corporations another tax cut so they create JOBS....but, but, how do we give GE another tax cut when they dont pay any taxs at all.???? Cains 999 would be a huge tax increase on the poor dears.
Know what teaparty...stop embarassing yourselves trying to tell me that tax cuts creates jobs...its a lie, its always been a lie and even you know it
The rich are doing better than ever by far and whining lotta more...pfffffffffft
 
BBC News - Morgan Stanley reports $2.2bn third quarter profit
Morgan Stanley has reported a $2.2bn (£1.4bn) profit for the third quarter of the year. The investment bank, the second-largest in the US, made the profit on revenues of $9.9bn.

BBC News - Citigroup's third quarter earnings beat expectations
Citigroup has reported a 74% increase in its third quarter profit. The US bank reported net income of $3.8bn (£2.4bn), marking its seventh consecutive quarter of being in profit.

The corporations and banks are making huge profits while destroying our country's economy - this is what the OWS/99% movement is protesting.
 
BBC News - Morgan Stanley reports $2.2bn third quarter profit


BBC News - Citigroup's third quarter earnings beat expectations


The corporations and banks are making huge profits while destroying our country's economy - this is what the OWS/99% movement is protesting.


The evidence is everywhere FD corporations and rich are killing this country....they are milking it for everything they can...and whining incessantly while they get richer and richer..

The good news is People are wising up to it and the proof is a teaparty far right nutter cant even win the GOP primary.....
 
how is a company making a profit destroying the economy. Do you know who owns GE stock?
 
The nation’s largest industrial company, on Friday reported net earnings for the third quarter of $3.2 billion, up 57 percent from the same period in 2010 despite what the chief executive called a “volatile” economic environment.

http://www.nytimes.com/2011/10/22/business/ge-profit-up-despite-volatile-economy.html?_r=1


Lets get this straight...GE made 15billion in profit and not only didnt pay any US taxs at all they got a 300,000,000 tax credit and they didnt create a SINGLE JOB here.To repay the US taxpayer for our kindness they moved an entire division to china to create jobs for chinese.
Now they see their profits SOAR 57% and they still havent created a single job.
OMG we MUST give Corporations another tax cut so they create JOBS....but, but, how do we give GE another tax cut when they dont pay any taxs at all.???? Cains 999 would be a huge tax increase on the poor dears.
Know what teaparty...stop embarassing yourselves trying to tell me that tax cuts creates jobs...its a lie, its always been a lie and even you know it
The rich are doing better than ever by far and whining lotta more...pfffffffffft

GE is a green company. Jeffrey Immelt is on Obama's job creation committee, or whatever it is.
 
The nation’s largest industrial company, on Friday reported net earnings for the third quarter of $3.2 billion, up 57 percent from the same period in 2010 despite what the chief executive called a “volatile” economic environment.

http://www.nytimes.com/2011/10/22/business/ge-profit-up-despite-volatile-economy.html?_r=1


Lets get this straight...GE made 15billion in profit and not only didnt pay any US taxs at all they got a 300,000,000 tax credit and they didnt create a SINGLE JOB here.To repay the US taxpayer for our kindness they moved an entire division to china to create jobs for chinese.
Now they see their profits SOAR 57% and they still havent created a single job.
OMG we MUST give Corporations another tax cut so they create JOBS....but, but, how do we give GE another tax cut when they dont pay any taxs at all.???? Cains 999 would be a huge tax increase on the poor dears.
Know what teaparty...stop embarassing yourselves trying to tell me that tax cuts creates jobs...its a lie, its always been a lie and even you know it
The rich are doing better than ever by far and whining lotta more...pfffffffffft


Rant aside I am sure it doesn't hurt to be the President's close friend.

j-mac
 
My guess would be a lot of rich people who aren't paying much tax on their earnings.

But, at the end of the day, it's just a guess. Right?

It must be true, because rich people are evil.
 
all the same, as far as GE is concerned, you gotta thank them for giving Republicans a poster-child for our tax-code-simplification platform.
 
Politics aside, its a perfect example of how over simplified 'solutions' probably won't work. Yes a tax cut, or tax credits, all other things equal, will give a company more profit which they could use to create American jobs, however there is no guarantee they will. Obviously something more must be done for the government to take positive actions for helping the economy turn around.
 
Politics aside, its a perfect example of how over simplified 'solutions' probably won't work. Yes a tax cut, or tax credits, all other things equal, will give a company more profit which they could use to create American jobs, however there is no guarantee they will. Obviously something more must be done for the government to take positive actions for helping the economy turn around.

And this in my view is the problem....Can you tell me wiseone, who is it that creates the jobs, and why they are not doing so right now?

j-mac
 
My guess would be a lot of rich people who aren't paying much tax on their earnings.

You mean people who only pay 15% on their dividends when half the country pays ZERO income taxes?

seems to me that the top one percent of us taxpayers are paying 40% of the federal income tax burden

we aren' the ones who demand

1) massive social spending

2) vote in to office irresponsible big spending politicians

3) use more in government services than we pay in federal taxes

Seems to me you are directing your ire at the wrong people
 
And this in my view is the problem....Can you tell me wiseone, who is it that creates the jobs, and why they are not doing so right now?

j-mac

How is that question relating to what I said, at all? I was talking about this specific idea many people have about creating jobs, that tax cuts alone will result in jobs. I didn't say that I have a solution, or an alternate course of action. I was simply addressing that over simplistic solutions don't seem to work. Also, "who creates job" and "why aren't they" suggests you have a very simplistic view on the economy. Its not like one solution will work for every employer, or that every employer has the same reason for not hiring.
 
Of course, all money. Representation should be based on voting not check writing.

I'd suggest that representation without sufficient taxation is a problem

so is a biased media

freedom should allow anyone to spend as much as they want on political campaigns as long as it is disclosed

if you don't then

1) billionaire candidates have an advantage over mere millionaire or well off candidates

2) candidates who cause major media figures to have warm tingling feelings will have a huge advantage in getting their message (or lack thereof ) out
 
How is that question relating to what I said, at all? I was talking about this specific idea many people have about creating jobs, that tax cuts alone will result in jobs. I didn't say that I have a solution, or an alternate course of action. I was simply addressing that over simplistic solutions don't seem to work. Also, "who creates job" and "why aren't they" suggests you have a very simplistic view on the economy. Its not like one solution will work for every employer, or that every employer has the same reason for not hiring.

See, I think your statement, whether or not you intended it to do so, highlights the belief that government creates jobs. That in my personal view is Bull. Government can pave the way by creating stability through policy, and legislation that paves the way toward long term stability, then you would get companies creating the jobs.

I think your attempt to dismiss my question rather than give me what you think is also telling. So, I give it another go. Would you like to answer it now?

j-mac
 
eh I think its impossible to cut money out of politics, it would be like cutting money out of life. Heck even to participate in politics as a candidate you need to make enough money to be able to afford that time away from work, and that's true going back to the Founding Fathers, even they were fairly wealthy men themselves and it was that wealth which allowed them to spend so much time not making money, and still live, while doing things like debating and writing documents. Someone who couldn't leave their source of income, couldn't be a founding father.
 
:) actually, the group you are looking for here is pension funds.
Some of us moved those out of the US markets when GWB was elected to a second term. It was obvious to me that a crash was coming if we continued down the path he had us on.
 
Lets get this straight...GE made 15billion in profit and not only didnt pay any US taxs at all they got a 300,000,000 tax credit and they didnt create a SINGLE JOB here.To repay the US taxpayer for our kindness they moved an entire division to china to create jobs for chinese.
Now they see their profits SOAR 57% and they still havent created a single job.

No jobs created here ???? That's funny, they just took applications here for 500 new jobs at Appliance Park for a new line of energy efficient washers and dryers.
 
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