On Monday night's "Daily Show," Jon Stewart did another edition of his "I Give Up" series in regards to the recent news about GE not paying any federal income tax in 2010, even though they made $14.2 billion in profits.
While pundits have been saying that "parisitic" public employee unions are ruining the economy by making it harder for corporations to create jobs, GE not only paid zero taxes in 2010 but received a $3.2 billion tax benefit. If that wasn't enough to get Stewart to say "I give up," he also lamented that GE cut 1/5 of American jobs in last 9 years while boosting jobs overseas.
"I know the Supreme Court ruled that corporations are people," Stewart said. "But what they didn't realize is that those people are a**holes."
GE wasn't Stewart's only target. He also criticized Obama for saying he would stop corporations from profiting from outsourced labor when they pay no domestic taxes, but instead making GE CEO Jeffrey Immelt a chairman on his new economic council.
Stewart finally gave up after realizing Obama isn't going to be "hoping a** and taking change" as he had expected. But the domestic employees GE still has left, specifically 'NBC Nightly News,' would surely cover the story with vigor, right? Again, Stewart was sorely disappointed.
Watch the full clip below to see what NBC was reporting on instead of GE's tax news last Friday night, and decide for yourself which story was more important.