President Obama made waves a month or so ago when he signed up GE CEO Jeff Immelt to head his outsider-based business competitiveness council.
Well, the type of "business competitiveness" Jeff Immelt's GE favors is paying little to no income tax, year after year.
In essence, GE's financial shell games are government-legalized money laundering. So, we should really wonder just how much Obama is committed to financial reform, if this is a prime example of business competitiveness.
And, let's not even call Obama "neoliberal" anymore.
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