General Electric Moving To China...

Discussion in 'Economics & Trade' started by onalandline, Jan 7, 2012.

  1. onalandline

    onalandline Well-Known Member Past Donor

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    Anyone know anything about this? I thought GE was a huge Obama supporter.

    Keep your eye on Waukesha, Wisconsin...... Their biggest employer just moved out:

    General Electric is planning to move its 115-year-old X-ray division from Waukesha, Wis., to Beijing, China. 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's get this straight. Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). Immelt is supposed to help create jobs. I guess Obama forgot to tell him in which country he was supposed to be creating those jobs.

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