Last week, I highlighted how President Barack Obama was probably the best neoconservative President ever. I meant every word of it, especially if you read Irving Kristol’s description of it here. For the most part, Obama has acted more like a neoconservative rather than a progressive while in office. Then again, if we go back to the early progressives, he’s almost exactly like them, except for the whole racial segregation that was started by the progressives (a great literary example of this can be found with H.P. Lovecraft).
This week, he again proves that he is more of a neocon than a progressive:
I bet most of you didn't know undocumented immigrants contributed more - much more - to the national treasury last year than General Electric. Surprised? Yet it's true.
While GE - which earned a whopping $14 billion last year - is reported to have paid nothing, nada, zero in taxes (GE denies it), the undocumented paid billions in state and local taxes in 2010.
No, it's not me talking; it's the Institute for Taxation and Economic Policy (itepnet.org), a prestigious, nonprofit, nonpartisan research organization that works on federal, state and local tax policy issues.
Sure you could argue that it was the continuation of the Bush tax cuts that caused this corporate giant to not pay taxes. But then, how do you explain this:
That’s our President side-by-side with GE CEO Jeffrey Immelt. Both have engaged in what many on the right call “crony capitalism”, but I simply call it corporatism, which has been the system we’ve been living under since at least the post-World War II era.
In truth, this is nothing more than Obama engaging in corporate favoritism, which is not Socialism nor is it free market economic, but the same thing that so many people criticized George Bush and Dick Chaney for Haliburton.
Meet the new boss, he’s the same as the old boss save the fact that he is merely half a cracker.