Via Oliver Willis
Here’s a Newsweek article describing how Ford Motor company cut thousands (10, 000 last year, and a projected 30,000 this coming year) of jobs, and yet benefited from the “American Job Creations Act” (reaping $250 million). The author of the article also estimates that Ford brought in $850 million in over-seas profits that it did not pay a dime on in taxes.
Well…isn’t that special? Just so you know, here’s how the vote broke down.
My favorite quote from the article?
American Enterprise Institute fellow Phillip L. Swagel, formerly chief of staff of Bush's Council of Economic Advisers, told my Post colleague Jonathan Weisman last August that "you might as well have taken a helicopter over 90210 [a Beverly Hills Zip code] and pushed the money out the door." That's a memorable quote—and a dead-accurate observation.