GE Got $139 Billion Obama Bailout, Now Refusing to Lend to Gun Stores

obama general electric

GE Capital got an inappropriate sweetheart deal from Obama Inc. for a $139 billion bailout. The misappropriated taxpayer money was leveraged to get GE to pursue programs that Obama Inc. favored. Apparently one of those programs is refusing to lend to gun stores.

How Obama and Senate Democrats Freed GE From Paying Corporate Taxes

"$o in taxes? Oh Barry and I didn't even get you anything."

This provision allows multinationals to move profits to offshore financial subsidiaries and thus avoid paying U.S. corporate income taxes. This is a windfall for GE: The exception played a central role in GE paying $0 in U.S. corporate income tax in 2011 when it made $5.1 billion in U.S. profits.