Tag Archives: Mob

News

Obama-connected General Electric paid no taxes on $14 billion profit

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From the Weekly Standard, a possible explanation of why GE CEO Jeffrey Immelt is tightly linked to Barack Obama.

Excerpt:

General Electric, one of the largest corporations in America, filed a whopping 57,000-page federal tax return earlier this year but didn’t pay taxes on $14 billion in profits. The return, which was filed electronically, would have been 19 feet high if printed out and stacked.

The fact that GE paid no taxes in 2010 was widely reported earlier this year, but the size of its tax return first came to light when House budget committee chairman Paul Ryan (R, Wisc.) made the case for corporate tax reform at a recent townhall meeting. “GE was able to utilize all of these various loopholes, all of these various deductions–it’s legal,” Ryan said. Nine billion dollars of GE’s profits came overseas, outside the jurisdiction of U.S. tax law. GE wasn’t taxed on $5 billion in U.S. profits because it utilized numerous deductions and tax credits, including tax breaks for investments in low-income housing, green energy, research and development, as well as depreciation of property.

“I asked the GE tax officer, ‘How long was your tax form?'” Ryan said. “He said, ‘Well, we file electronically, we don’t measure in pages.'” Ryan asked for an estimate, which came back at a stunning 57,000 pages. When Ryan relayed the story at the townhall meeting in Janesville, there were audible gasps from the crowd.

Meanwhile, Obama’s General Motors bailout is going to cost taxpayers at least $23.6 billion dollars.

Excerpt:

The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.’s steep stock decline.

In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its previous estimate of $14.33 billion.

The Treasury now pegs the cost of the bailout of GM, Chrysler Group LLC and the auto finance companies at $79.6 billion. It no longer includes $5 billion it set aside to guarantee payments to auto suppliers in 2009.

Obama’s millionaires and billionaires get another bailout and taxpayers get the bill.

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Can citizens rely on politically correct police to enforce the law?

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This Wall Street Journal article provides more insight into why the unionized police did nothing during the UK riots.

Excerpt:

The night before, at approximately 9:30 p.m., between 30 and 40 teenagers broke into the shop and left with all its liquor, cigarettes and cash. Mr. Raif, his brother and a handful of customers were inside at the time.

“I saw them coming and started to lock the doors, but they kicked through the glass and forced the doors open. All the customers ran to the back and my brother called the police,” he recalls.

[…]Once inside, the looters snatched six-packs of Supermalt from the shelves nearest the entrance and hurled them at the cigarette and alcohol cases behind the register. They appeared to be 16 or younger and sober to Mr. Raif. He doesn’t know if they were kids from the neighborhood, but despite their hoods and balaclavas he could tell “from their hands” that his looters were mostly white.

“They were very shameful. It was a horrible experience.”

The police never did appear, although they followed up nine hours later with a phone call. “Everything we pay here—taxes, rates, rents—it’s all so expensive. And we can’t even get the police when there are people robbing our shop.”

[…]”I’ve been here 12 years,” says the Pakistan native. “I’ve never seen anything like it.”

So what’s the problem? Welfare cuts, racist police, the “rich”?

“Please,” he laughs. “We’re all poor.

“Look, my point of view is this: It started in Tottenham, on Saturday, when a man got shot by the police. People protested, and then some people went and burned down a police car. And the police did nothing. They burned down more police cars, they burned down a bus, they burned down a building—and the police did nothing. They needed to respond. Instead the police retreated in Tottenham. So this, whatever you call it, it started as something against the police. The police did not show the strength to push back, and it spread. And that is why I’m out here now like a security guard.”

As we speak, “it” is spreading to Manchester, Birmingham, Nottingham, Wolverhampton. Elsewhere in London, locals have formed vigilante groups and are patrolling their own streets.

Home Secretary Theresa May earlier on Tuesday had defended the government’s use-of-force policies, declaring that “the way we police in Britain is not through use of water cannon. The way we police in Britain is through consent of communities.”

Perhaps if the police had been privatized, and had to please customers in order to get paid, then this would not have happened. But the market forces of choice and competition are nowhere to be found when government has a monopoly on some service. Taxes are deducted automatically, and you get the service they provide. They have no incentive to risk their necks for you – they get paid regardless. If they want a raise, then they go on strike.

Now where do you suppose that this disdain for the use of force against lawlessness came from? Could it be from the secular left, that is so uncomfortable with the ideas of moral standards, moral duties and moral accountability? They have been in power in the UK for over a decade. You may also recall that they have passed many measures opposing private property, self-defense, legal firearm ownership – and weakened prosecution and incarceration of convicted criminals. Bleeding heart liberals just hate the idea that criminals might be shot while committing crimes against law abiding citizens – they don’t want criminals to be frightened by gun-wielding property owners. That’s why they banned hand guns in 1997, leading to a doubling of the violent crime rate in the next four years.

This story reminds me of what happened in Canada a while back, when the police refused to do anything about vandalism committed by the native Canadians. It’s not politically correct to enforce laws against groups who vote for secular leftists, didn’t you know?

News

Sodexo files lawsuit against SEIU union for racketeering

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Great news from Big Government.

Excerpt:

One of the largest food services and facilities management companies in the world, Sodexo is the provider of choice for most schools, universities, companies, hotels, prisons and other facilities that outsource their cafeteria and food catering operations, and for those that outsource industrial cleaning services.  SEIU has been incessantly battering Sodexo since 2007, in its desire to unionize some of its nearly 400,000 employees, many of them hotel and food service workers.  Exacerbating the tensions was a longstanding turf war between SEIU and UNITE HERE over hotel and casino workers, which often spilled over into SEIU’s antics prior to the settlement the warring unions reached this past summer.

Sodexo USA has filed the lawsuit in an attempt to halt the over-the-top harassment from SEIU, alleging that many of the acts are very serious and outside of the normal realm of union tactics, including acts of ” SEIU blackmail, vandalism, trespass, harassment, and lobbying law violations designed to steer business away from Sodexo USA and harm the company.” [emphasis added]

Aside from some of its usual corporate smear campaign tactics, certain organizers in the SEIU subscribed to some especially nasty, and frankly repulsive, tactics:

The complaint alleges that the SEIU, in face to face meetings, threatened Sodexo USA’s executives that it would harm Sodexo USA’s business unless they gave in to the union, and then carried out its threats through egregious behavior, including:

  • throwing plastic roaches onto food being served by Sodexo USA at a high profile event;
  • scaring hospital patients by insinuating that Sodexo USA food contained bugs, rat droppings, mold and flies;
  • lying to interfere with Sodexo USA business and sneaking into elementary schools to avoid security;
  • violating lobbying laws to steer business away from Sodexo USA, even at the risk of costing Sodexo USA employees their jobs; and
  • harassing Sodexo USA employees by threatening to accuse them of wrongdoing.

This country will be better off if we can stop thugs from extorting money from the productive sector of the economy. And that goes for ACORN and Planned Parenthood, too.