GE built at least one of the Japanese Nuclear Power Plants that is now in trouble.
GE made $14,200,000,000 dollars last year, about a third of that amount in the USA, so GE is two thirds foreign corporation.
With all the talk about high taxes by Republicans and the capitulation to that rhetoric by the Democrats, to then grant tax breaks to the richest 1%, one would think GE was paying hefty taxes:
General Electric, the nation’s largest corporation, had a very good year in 2010. The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.(GE Pays No Tax). Not only did GE pay no taxes, in effect IRS gave them an additional $3,200,000,000, on top of GE's billions in profit, from the treasury of the people, those who do pay taxes.
Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
GE keeps up its image by owning a vast propaganda network with which they deceive the public, such as claiming US taxes are too high so they could get the largest tax breaks for the 1% wealthy.
Until recently, that propaganda engine included MSNBC and Morning Joe, which we call Blind Willie McTell.
It is unclear what effect (other than firing Keith Olbermann) the sale of NBC to Comcast will have on the vast GE propaganda system.