Friday, July 29, 2011

GE CEO Jeffrey Immelt, The Head Of Obama’s Jobs Council, Is Moving Jobs And Economic Infrastructure To China

It's not really difficult to figure out where things are going. On the one hand, you could learn economics. On the other, you can just look at what they're doing, blatantly, to destroy the economy. I don't know about you, but when the head of the president's Jobs Council is shipping jobs to China, that says to me that economic recovery and growth is not the agenda. Economic ruin and depression is. But that's just me.

    The Economic Collapse -

    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? (Read More....)