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Thread: G.E. Profit Up Despite ‘Volatile’ Economy

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    G.E. Profit Up Despite ‘Volatile’ Economy

    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/bu...nomy.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

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    Re: G.E. Profit Up Despite ‘Volatile’ Economy

    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.

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    Re: G.E. Profit Up Despite ‘Volatile’ Economy

    Quote Originally Posted by Frolicking Dinosaurs View Post
    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.....

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    Re: G.E. Profit Up Despite ‘Volatile’ Economy

    how is a company making a profit destroying the economy. Do you know who owns GE stock?



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    Re: G.E. Profit Up Despite ‘Volatile’ Economy

    Quote Originally Posted by lpast View Post
    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/bu...nomy.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.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: G.E. Profit Up Despite ‘Volatile’ Economy

    Quote Originally Posted by TurtleDude View Post
    how is a company making a profit destroying the economy. Do you know who owns GE stock?
    My guess would be a lot of rich people who aren't paying much tax on their earnings.

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    Re: G.E. Profit Up Despite ‘Volatile’ Economy

    Quote Originally Posted by lpast View Post
    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/bu...nomy.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
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: G.E. Profit Up Despite ‘Volatile’ Economy

    Quote Originally Posted by j-mac View Post
    Rant aside I am sure it doesn't hurt to be the President's close friend.

    j-mac
    I agree, lets remove corporate money from politics.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: G.E. Profit Up Despite ‘Volatile’ Economy

    Quote Originally Posted by Frolicking Dinosaurs View Post
    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.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  10. #10
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    Re: G.E. Profit Up Despite ‘Volatile’ Economy

    Quote Originally Posted by Frolicking Dinosaurs View Post
    My guess would be a lot of rich people who aren't paying much tax on their earnings.
    actually, the group you are looking for here is pension funds.

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