As you know, the NYT reported Friday morning that GE paid no federal income taxes on $14 billion in profit in 2010. Friday night, NBC News, owned by GE, chose not to cover the story, opting instead to give precious air time to new dictionary entries LOL and 'muffin top.' Stewart questions whether Obama tapped GE head Jeff Immelt to be his Chairperson of the Council on Jobs and Competitiveness as a corporate demonstration on how to layoff American workers and escape paying taxes.

"I know the Supreme Court ruled that corporations are people. But what they didn't realize is that those people are a**holes."

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