g.e. would not agree to be interviewed. maybe that s a good thing if it means companies are now getting embarrassed about the handouts. 13 years ago when i wanted to confront a business about its free loading. the ceo was so brazen he flew me to his headquarters in one of his fancy jets. cold, isn t it? gold plated. can i get you anything else? at this time this man was the biggest resim yent of handout. you are a big feeding at the welfare trough. why should i care? it doesn t bother you? not a bit. many beneficiaries of corporate welfare really believe that they are being paid to help the country. what i m providing is so good that it ought to be subsidized. fortunately a lot of american companies have become moochers off the government. they go to the government to manipulate the system in their favor. that s not what business is
they could profit off of me. don t take our homes. and jesse jackson s protesters are in the streets criticizing the banks. they claim predatory lenders tricked people into taking out unaffordable loans. but is that true? the federal reserve bank of atlanta found unaffordable loans are unlikely to be the main reason that borrowers decide to default. if predatory lending isn t the main driver of default then what might be? you walk away.com. companies that encourage people from walk away from commitments sure don t help. you walk away.com. sounds something dirty about that like walk away from responsibility. that s the myth, i think, in society that there is this moral obligation to continue paying a mortgage. john: there is. there is no think obligation. chad ruyle calls it a strategic default. if your house is worth less than
they would do better without the government. if i m a socialist, what does that make you? john: it makes me and ben chavis capitalists. and capitalists indians achieve. your indians are thriving. our indians are working. the scott brothers build a company that now employs 16 people putting up power lines. they didn t get any government help. it made me drive twice as hard knowing that they wouldn t help us and all. it panned out pretty good for us. we just have always been hard workers. that s what that is? this lumbee tribe maker runs one of the biggest true val hardware companies in the nation. the lumbees are doing well. great survivors. great example of how you can continue to persist even under the absolutely the worst, the worst treatment that you could help. john: they divorced themselves from these government
obama. [ applause ] jeff immelt is perhaps the ceo who is most cozy with president obama. jeff immelt was recently named the country s job caesar. i m proud and breezed that he has agreed to chair this panel. general electric is structuring their business around where government is going. everything around high speed rail, solar, wind, general electric is winding up to get what government is handing out. the new york times so many tax breaks to g.e. thanks to their fierce lobbying that despite billions of dollars in profit, they will pay no taxes this year. once upon a time in america, companies got money from investors and created wealth by inventing things. 25 years ago my friends and i started with nothing but an idea. microsoft did that they started with nothing and created billions in shareholder wealth.
you are not just churning out windows, you are making some of the most energy efficient windows in the world. think getting the vice president was a big deal? heck, they got the president, too. these workers will now have a new mission. producing some of the most energy-efficient windows in the world. other companies don t get so much government help but this company gave money to the democrats. and one of their executives was married to an important energy department official. it sure is nice to get special government help. thank you, mr. vice president. for your unwavering support. left wing think tanks criticized corporate welfare but somehow green handouts, they are okay. everybody wants to find a better fuel-efficient way to go about their daily business. the government is going to invest pioneer new technologies. that of course i think is not corporate welfare. business is too dumb to invest in it without government say doing that. the public sector will only