Here's something to put that in perspective:
And, of course, there's the fact that Jeffrey Immelt, head of GE since Jack Welch stepped down, was appointed as the chair of the President's Council on Jobs and Competitiveness. What could possibly go wrong?
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If you want to feel more outraged and depressed by this, I recommend Tom Scocca's post on the matter.
G.E.'s Strategies Let It Avoid Taxes Altogether, David Kocieniewski, New York Times, March 24, 2011.
NSF budget numbers from LiveScience.