Jeffery Immelt, in his part as in-house CEO, now lectures businesses to start hiring. That has about as much weight as someone lecturing him, at a time of national debt and deficit crises, to ensure that his company GE does not use loopholes to deprive the treasury of desperately needed income-tax revenue on some $14.2 billion in 2010 GE profits.
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About the Author
Victor Davis Hanson is a classicist and historian at the Hoover Institution, Stanford University; the author of The Second World Wars: How the First Global Conflict Was Fought and Won; and a distinguished fellow of the Center for American Greatness.
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