Protestors chanting "Hey! Hey! Ho! Ho! Cronyism has got to go!" marched during the lunch hour today in front of the U.S. Chamber of Commerce's Washington, D.C. headquarters.
The marchers were protesting the appearance of General Electric CEO Jeffrey Immelt in the chamber's day-long conference on job creation, Jobs for America Summit. Immelt, who is chairman of President Obama's Council on Jobs and Competitiveness, was the event's keynoter. Read More
It's tough working for NBC as a journalist, especially when GE has an interest in every part of the news. It's pretty funny, but the New York Times this morning notes that GE avoids taxes altogether through multiple loopholes. Watch the video below: Read More
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White House economic and energy officials have privately expressed concern that the wind subsidies in the stimulus aren't doing very much but enrich some companies. The Wall Street Journal editorial page got its hands on the memo, and today's editorial [behind a paywall, sadly] is an important read. Read More
Remember when President Obama promised us that his $787 stimulus package would “save or create” millions of American jobs?
With unemployment now over 10 percent and still climbing, the president obviously didn’t create enough jobs to replace the millions that have been lost on his watch. But Obama can’t even save “green” jobs he promised would replace them.
Reuters reports an interesting nugget in the wake of President Barack Obama's decision to grant Vladimir Putin his wish and kill the Eastern European missile shield: Read More