Obama jobs Czar to relocate GE and invest 2 billion in China

[FistPump]

General Electric (GE) announced this week that it is moving its X-Ray unit’s headquarters to China. This unit, part of GE Healthcare, produces medical-imaging machines such as MRI’s. The move will be in addition to GE’s previously announced plans to invest $2 billion in China. The problem here is that GE’s CEO, is the head of President Obama’s Council on Jobs and Competitiveness (Job Czar). GE also made over $15 billion in profits last year, $5 billion in the United States, but did not pay one penny in federal income taxes last year. Also, GE is the beneficiary of the government’s massive subsidizing of the green energy industry.

Is Obama trying to get back at Wisconsin for trying to bust up the public sector Unions? Of course GE's parent company is NBC, which is basically a propaganda station for Obama.


Jobs Czar Moves US Jobs to China



July 27, 2011. Beijing. In an attempt to capture a larger share of the booming Chinese market, General Electric announced that it was moving its X-Ray technology headquarters from Wisconsin to China. While GE is one of the largest military suppliers in the world, it is also the parent of the NBC broadcasting group of companies. Ironically enough, GE’s CEO is Jeff Immelt, the same man President Obama anointed as America’s Jobs Czar.

Both Bloomberg and the Wall Street Journal both confirmed the announcement. Currently, the X-Ray division of GE is headquartered in Waukesha, Wisconsin and employs 120 people there. The X-Ray division has been located in the US its entire 115 year history. With China representing an ever-growing segment of GE’s customer base however, company executives felt they could improve sales to the giant nation if their headquarters was located there.

"As the company grows more global, it's increasingly important for us to become close to our customers" Anne LeGrand, vice president and general manager of GE’s Healthcare and X-Ray division, told the Wall Street Journal. She added that she expects 20 percent to 25 percent of GE Healthcare's X-Ray products to be developed in China during the next three to five years for sale around the world.

The WSJ also quotes General Electric’ CEO Jeff Immelt back in 2008 calling China GE’s “second home”. According to Bloomberg, GE will immediately hire 65 new engineers plus support staff at its new Chengdu facility. “Over the next five years, China will be GE Healthcare’s most important growth market,” Rachel Duan, the China unit’s president and chief executive officer, said in Beijing.July 27, 2011. Beijing. In an attempt to capture a larger share of the booming Chinese market, General Electric announced that it was moving its X-Ray technology headquarters from Wisconsin to China. While GE is one of the largest military suppliers in the world, it is also the parent of the NBC broadcasting group of companies. Ironically enough, GE’s CEO is Jeff Immelt, the same man President Obama anointed as America’s Jobs Czar.


With GE’s CEO Jeff Immelt also serving as President Obama’s ‘Jobs Czar’, American workers are outraged by the action. They cite the US’s 9.2 percent unemployment rate and wonder how the nation’s Jobs Czar could choose corporate profits over his accepted responsibility to help the country’s floundering economy. An article in Economix earlier this year asked the question, “Is a Multinational CEO the Best Jobs Czar?”

It appears we have our answer. Here’s what Economix warned America back in January 2011 regarding the choice of GE’s CEO Jeff Immelt as America’s Jobs Czar:

As Mr. Sullivan of Tax Analysts writes, “Citizens have a right to be concerned the President’s new adviser will give priority to promoting the competitiveness of U.S. multinationals rather than the competitiveness of the overall U.S. economy. And why shouldn’t he? He has a fiduciary responsibility to his shareholders to do exactly that.”

Jobs Czar Moves US Jobs to China - National Independent | Examiner.com

[J-Fight]

115 jobs isn't that big of a deal.. not that I"m happy about it. They're trying to break into the Chinese market. A lot of companies are doing the same thing. Apple, Google , etc all do the same thing.

[Hollywood Nicky]

Originally Posted by FistPump

General Electric (GE) announced this week that it is moving its X-Ray unit’s headquarters to China. This unit, part of GE Healthcare, produces medical-imaging machines such as MRI’s. The move will be in addition to GE’s previously announced plans to invest $2 billion in China. The problem here is that GE’s CEO, is the head of President Obama’s Council on Jobs and Competitiveness (Job Czar). GE also made over $15 billion in profits last year, $5 billion in the United States, but did not pay one penny in federal income taxes last year. Also, GE is the beneficiary of the government’s massive subsidizing of the green energy industry.

Is Obama trying to get back at Wisconsin for trying to bust up the public sector Unions? Of course GE's parent company is NBC, which is basically a propaganda station for Obama.


Jobs Czar Moves US Jobs to China



July 27, 2011. Beijing. In an attempt to capture a larger share of the booming Chinese market, General Electric announced that it was moving its X-Ray technology headquarters from Wisconsin to China. While GE is one of the largest military suppliers in the world, it is also the parent of the NBC broadcasting group of companies. Ironically enough, GE’s CEO is Jeff Immelt, the same man President Obama anointed as America’s Jobs Czar.

Both Bloomberg and the Wall Street Journal both confirmed the announcement. Currently, the X-Ray division of GE is headquartered in Waukesha, Wisconsin and employs 120 people there. The X-Ray division has been located in the US its entire 115 year history. With China representing an ever-growing segment of GE’s customer base however, company executives felt they could improve sales to the giant nation if their headquarters was located there.

"As the company grows more global, it's increasingly important for us to become close to our customers" Anne LeGrand, vice president and general manager of GE’s Healthcare and X-Ray division, told the Wall Street Journal. She added that she expects 20 percent to 25 percent of GE Healthcare's X-Ray products to be developed in China during the next three to five years for sale around the world.

The WSJ also quotes General Electric’ CEO Jeff Immelt back in 2008 calling China GE’s “second home”. According to Bloomberg, GE will immediately hire 65 new engineers plus support staff at its new Chengdu facility. “Over the next five years, China will be GE Healthcare’s most important growth market,” Rachel Duan, the China unit’s president and chief executive officer, said in Beijing.July 27, 2011. Beijing. In an attempt to capture a larger share of the booming Chinese market, General Electric announced that it was moving its X-Ray technology headquarters from Wisconsin to China. While GE is one of the largest military suppliers in the world, it is also the parent of the NBC broadcasting group of companies. Ironically enough, GE’s CEO is Jeff Immelt, the same man President Obama anointed as America’s Jobs Czar.


With GE’s CEO Jeff Immelt also serving as President Obama’s ‘Jobs Czar’, American workers are outraged by the action. They cite the US’s 9.2 percent unemployment rate and wonder how the nation’s Jobs Czar could choose corporate profits over his accepted responsibility to help the country’s floundering economy. An article in Economix earlier this year asked the question, “Is a Multinational CEO the Best Jobs Czar?”

It appears we have our answer. Here’s what Economix warned America back in January 2011 regarding the choice of GE’s CEO Jeff Immelt as America’s Jobs Czar:

As Mr. Sullivan of Tax Analysts writes, “Citizens have a right to be concerned the President’s new adviser will give priority to promoting the competitiveness of U.S. multinationals rather than the competitiveness of the overall U.S. economy. And why shouldn’t he? He has a fiduciary responsibility to his shareholders to do exactly that.”

Jobs Czar Moves US Jobs to China - National Independent | Examiner.com

jesus you HACK!

your title says he's moving GE, as in ALL OF GE!

is there any level you tea baggers won't stoop to? any lie you won't tell?

this thread is 0/10!

[MicroBrew]

The glories of outsourcinng ,free trade and loop holes in laws that allow companies to lessen their tax burden via overseas enterprises.


Heres what I don't understand from GE HealthCare press release.

They say the HQ will move to China along with a handfull of executive positions.

“A handful’’ of top managers will move to the Chinese capital and there won’t be any job cuts, said Anne LeGrand, general manager of X-ray for GE Healthcare. The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six “customer innovation’’ and development centers.

If the HQ (GE health X-ray systems in Wis) is moving to China, then what is going to happen to all the non executive people working in the Wis HQ? How can there be no job cuts?

GE moving X-ray business to China - Boston.com

[Agent Ripper]

Shitty move for the job Czar to be involved in taking jobs away.

[ABACA]

Originally Posted by MicroBrew

The glories of outsourcinng ,free trade and loop holes in laws that allow companies to lessen their tax burden via overseas enterprises.


Heres what I don't understand from GE HealthCare press release.

They say the HQ will move to China along with a handfull of executive positions.


If the HQ (GE health X-ray systems in Wis) is moving to China, then what is going to happen to all the non executive people working in the Wis HQ? How can there be no job cuts?

GE moving X-ray business to China - Boston.com

That'll be announced two months from now after they've had time to negotiate a nice severance package with their former employees that includes some type of non disclosure agreement.

[DStone]

Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha !!!!!!!

This administration is a sad sad joke

[DStone]

Originally Posted by Hollywood Nicky

jesus you HACK!

your title says he's moving GE, as in ALL OF GE!

is there any level you tea baggers won't stoop to? any lie you won't tell?

this thread is 0/10!

Can some mod ban this very annoying troll please.

[xd 40]

worst pres. ever

[DStone]

Originally Posted by J-Fight

115 jobs isn't that big of a deal.. not that I"m happy about it. They're trying to break into the Chinese market. A lot of companies are doing the same thing. Apple, Google , etc all do the same thing.

Outsourcing American jobs to China is not breaking into the Chinese market. Exporting to China would be breaking into the Chinese market. What is happening is we are going to import from China these medical equipments we used to make.

If you can't see the irony here then I have nothing to say to you.