January 22, 2011

FISHY? You decide

The Emperor decided to setup another "Advisory Committee" - this one on jobs and economy. His choice for leading it his buddy from GE. Anything fishy here?

Chicago style politics manual says no big deal, find a loop hole. GE's finance arm is not classified as a bank. Rather, it worked its way into the rescue program by owning two relatively small Utah banking institutions.

So now GE can bonus their execs whatever they want and doesn't have to follow the TARP bonus rules since it's not officially a bank - but owning a cuople of little banks they can get TARP $'s.

To add insult to injury the Emperor appoints GE top exec to be chairman of the Emperor's new advisory committee on jobs and the economy set up by executive order. It smells like ROTTEN FISH to me.

Hey you Lib defenders out there -- why is it you continue to claim it's those "Evil Republicans" who are always looking out for the big business execs with special tax incentives etc...??

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