How would you fix the economy and budget issues?

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Originally Posted by rbanerjee23

Some say that's the sign of a good deal -- but in response to the thread question: Is it just me who thinks it's shameful that things like medicare, medicaid, pell grants for students, environmental protection money are going to get slashed but there is no mention of the massive kickbacks oil companies get (ExxonMobil: $20 billion over 5 years), corporations offshoring profits to avoid paying taxes on them, and tax loopholes which help companies like GE pay $0 in federal taxes this past year (General Electric Paid No Federal Taxes in 2010 - ABC News).

Simplify the tax code so there are no loopholes, stop giving kickbacks to companies making massive profits, and just collect taxes that corporations should be paying (not the average guy on the street) -- New Jersey got something like $700 million on delinquent taxes alone when they said people could pay rather than be audited. It seems so simple!!

When GE is such a buddy of Obama you really need to ask that question. That's GE's CEO beside Obama.

Ok so I went to see who has made the biggest donations to Obama and I have to ask why so many Universities are at the top of his list and why are they donating so many funds in the first place?


University of California $1,642,735Goldman Sachs $1,012,841Harvard University $862,604Microsoft Corp $852,167Google Inc $814,540JPMorgan Chase & Co $807,799Citigroup Inc $736,771Time Warner $623,118Sidley Austin LLP $600,298Stanford University $595,716National Amusements Inc $563,548WilmerHale Llp $549,918Skadden, Arps et al $543,539Columbia University $536,202UBS AG $532,674IBM Corp $532,372General Electric $528,180US Government $517,908Morgan Stanley $512,232Latham & Watkins $502,045