RealClearPolitics - Obama's Rx: Bad News for Middle Class
Fair share? In the Kansas speech, Obama extolled Minnesota manufacturer Marvin Windows and Doors for laying off workers only once in 100 years. During tough times, Obama noted, Marvin's unnamed owners shared the pain of reduced compensation with their workers.
So who is Obama's jobs czar? Not the suckers at Marvin. General Electric chief executive Jeff Immelt, whose compensation doubled last year as GE was seeking concessions from workers, is Obama's go-to guy on jobs. The New York Times reported that General Electric didn't pay a dime in federal taxes in 2010 -- even though the multinational corporation earned $5.1 billion in U.S. profits.
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