GE CEO Jeffrey Immelt, The Head Of Obama’s Jobs Council , Moves jobs to CHINA

Discussion in 'Economy' started by hvactec, Aug 7, 2011.

  1. hvactec
    Offline

    hvactec VIP Member

    Joined:
    Jan 17, 2010
    Messages:
    1,315
    Thanks Received:
    106
    Trophy Points:
    83
    Location:
    New Jersey
    Ratings:
    +132
    GE CEO Jeffrey Immelt, The Head Of Obama’s Jobs Council, Is Moving Jobs And Economic Infrastructure To China At A Blistering Pace

    Jeffrey Immelt, the head of Barack Obama's highly touted "Jobs Council", is moving even more GE infrastructure to China. GE makes more medical-imaging machines than anyone else in the world, and now GE has announced that it "is moving the headquarters of its 115-year-old X-ray business to Beijing". Apparently, this is all part of a "plan to invest about $2 billion across China" over the next few years. But moving core pieces of its business overseas is nothing new for GE. Under Immelt, GE has shipped tens of thousands of good jobs out of the United States. Perhaps GE should change its slogan to "Imagination At Work (In China)". If the very people that have been entrusted with solving the unemployment crisis are shipping jobs out of the country, what hope is there that things are going to turn around any time soon?

    Earlier this month, Immelt made the following statement to a jobs summit at the U.S. Chamber of Commerce....

    "There's no excuse today for lack of leadership. The truth is we all need to be part of the solution."

    Apparently Immelt's idea of being part of the solution is to ship as many jobs overseas as he possibly can.

    A recent article on the Huffington Post documented how GE has been sending tens of thousands of good jobs out of the country....

    As the administration struggles to prod businesses to create jobs at home, GE has been busy sending them abroad. Since Immelt took over in 2001, GE has shed 34,000 jobs in the U.S., according to its most recent annual filing with the Securities and Exchange Commission. But it's added 25,000 jobs overseas.

    At the end of 2009, GE employed 36,000 more people abroad than it did in the U.S. In 2000, it was nearly the opposite.

    GE is supposed to be creating the "jobs of tomorrow", but it seems that most of the "jobs of tomorrow" will not be located inside the United States.

    The last GE factory in the U.S. that made light bulbs closed last September. The transition to the new CFL light bulbs was supposed to create a whole bunch of those "green jobs" that Barack Obama keeps talking about, but as an article in the Washington Post noted, that simply is not happening....

    Rather than setting off a boom in the U.S. manufacture of replacement lights, the leading replacement lights are compact fluorescents, or CFLs, which are made almost entirely overseas, mostly in China.

    But GE is far from alone in shipping jobs and economic infrastructure out of the United States. For example, big automakers such as Ford are being very aggressive in China. Ford is currently "building three factories in Chongqing as part of $1.6 billion investment that also includes another plant in Nanchang".

    Today, China accounts for approximately one out of every four vehicles sold worldwide. The big automakers consider the future to be in China.

    Just a few decades ago, China was an economic joke and the U.S. economy was absolutely unparalleled.

    READ MORE GE CEO Jeffrey Immelt, The Head Of Obama’s Jobs Council, Is Moving Jobs And Economic Infrastructure To China At A Blistering Pace
     
  2. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,833
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,128
    Obama picked him because G.E. is supposed to be the "green company of the future"...but indeed it is quickly becoming the "red company of the future".

    It boggles the mind at the sheer stupidity and insult at naming this man as the chairman of the job creation board.
    If you listen closely - you can hear Stalin, Lenin and Mao laughing out loud.
     
  3. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    Wait.

    This can't be right. It's the GOP that shipped jobs overseas. We know this cuz Rdean says so.
     

Share This Page