GE leaves USA :John Quincy Adams General Electric is planning to move its 115-year-old X-ray division from Waukesha, WI, to Beijing. In addition to moving the headquarters, the company will invest $2 billion in China and train more than 65 engineers and create six research centers.
This is the same GE that made $5.1 billion in the United States last year, but paid no taxes. The same company that employs more people overseas than it does in the united States.
So let me get this straight... President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). Immelt is supposed to help create jobs. I guess the President forgot to tell him in which country he was supposed to be creating those jobs.
Please pass this information to others and think about it before you buy a GE product.
Please pass this information to others and think about it before they vote for Obozo.
Posted by: JoelinPDX | October 24, 2011 at 06:23 AM
Where's the DISLIKE option? (this is just down right WRONG!)
Posted by: Plog | October 24, 2011 at 07:25 AM
From NYT 17 JAN 2011 - As China strives for leadership in the world’s most advanced industries, it sees commercial jetliners — planes that may someday challenge the best from Boeing and Airbus — as a top prize.
And no Western company has been more aggressive in helping China pursue that dream than one of the aviation industry’s biggest suppliers of jet engines and airplane technology, General Electric.
G.E., in the partnership with a state-owned Chinese company, will be sharing its most sophisticated airplane electronics, including some of the same technology used in Boeing’s new state-of-the-art 787 Dreamliner.
Posted by: NM | October 24, 2011 at 09:06 AM
GE made $5 Billion US but, $15 Billion total net profit AND NO US Taxes...60% of there Employees are outside US borders and GROWING...AND He is in charge (A Czar) of President Obama's Jobs dept.......go figure...
Posted by: tombrooks | October 24, 2011 at 10:34 AM
GE and many other large companies are American in name only. They milk the US government for bailouts (GE Capital) and evade taxes. Follow Dave's advice and buy no GE products!
Job Czar, what a joke.
Posted by: Jan | October 24, 2011 at 09:34 PM