Lets not forget GE
GE moving X-ray business to China. What message is sent to U.S.?
FROM CNN's Jack Cafferty:
Here is more evidence of the suicide mission this country is on: General Electric announced it's moving its 115-year-old X-ray business from Waukesha, Wisconsin to Beijing, China.
The X-ray business is part of General Electric's GE Healthcare unit, and this move is just part of a broader plan by GE to invest $2 billion in China.
This will become the first GE business to be headquartered there. A handful of the unit's top executives will be transferred to China but otherwise, the company says, none of the 150 staffers in the Milwaukee-area facility will lose jobs or be transferred. However, GE plans to hire more than 65 engineers and a support staff at a new facility in China.
It's the kind of news that makes you want to reach for something sharp and jab it in your eye. General Electric's Chief Executive, Jeffrey Immelt, is one of President Obama's advisers on… ready? U.S. job creation!
In January, President Obama asked Immelt, a self-described Republican, to head up the President's Council on Jobs and Competitiveness. Tapping Immelt was supposed to provide the Obama administration with a business world perspective on job creation - not in China - here.
The administration also hoped it would give the president a leg up negotiating with the Republican-controlled House on deficit reduction, jobs programs, and health care. And we can all see how that's worked out really well.
Two months after Immelt was named to the council, The New York Times reported that General Electric paid no income taxes last year... thanks to some fancy accounting footwork, even though the company earned $14.2 billion in profits last year - more than $5 billion in the U.S. alone.
Here’s my question to you: General Electric is moving its X-ray business to China. What message does this send Americans?
Interested to know which ones made it on air?
Olga:
It says we can give big corporate perks to companies who ship jobs overseas. The GE situation is a perfect example. How do you expect President Obama to create jobs if the corporate big wigs are "unemploying" our people? We should take the company tax breaks and perks away until they bring back the jobs from overseas.
Eva in Tennessee:
Wait. Isn't the CEO of GE supposed to be Obama's top jobs guy? First they paid no income tax and now this? It's official. No one in power cares about getting people back to work. All they care about is keeping their profits, their offices, and the status quo. The real question is how long will it take the rest of America to realize this and do something about it?
Brad in Portland, Oregon:
It tells the U.S. that free trade is a scam, and we need to have fair trade instead. It's too easy for companies to outsource to China and bring the goods and services back to the U.S. with few restrictions. We need to have tariffs on imports to account for the difference in labor costs between the two countries, and then China can compete with American manufacturers on the basis of quality instead of cheap labor.
Frank in Mill Valley, California:
The message is eloquent and wonderfully concise - it consists of only two words. It starts with the letter "F" and ends with the letter "u."
Donna:
Does anyone see a conflict of interest here? Why would a corporate chief executive move an arm of his business to China when he is responsible for jobs in America? I find it outrageous!
Lori in Pennsylvania:
It says that U.S. company executives and stock holders are greedy, and want to share as little of the profits they make as possible. I guess the national debt crisis hasn't opened their eyes as to what happens when millions of average citizens don't have a paying job.
D.W. in St. Louis, Missouri:
Thanks for all the tax breaks, Suckers
-----------------------------
GE tells American workers to go to hell, ‘First Arkansas News’ announces new series
By: Ethan C. Nobles 27 July 2011 12 Comments
You want to talk about timing? Just yesterday, we at First Arkansas News posted an article about the growing interest in buying American-made products and — before the pixels were even cold on that one — General Electric announced it’s moving a bunch of jobs to China.
That ironic announcement — we’ll get to it in a minute — has prompted an expansion of the aforementioned article into a series of them. We’ve already heard from Roger Simmermaker of How Americans Can Buy American and we’ll hear from Don Rongione of American Made Matters in the next day or two about the economic impact of the loss of manufacturing jobs throughout the nation. Expect other articles to follow.
Now, back to GE.
GE Chief Executive Officer and Chairman of the Board Jeffrey R. Immelt managed to make both Republicans and Democrats look bad by announcing his company is moving its international X-ray headquarters from Waukesha, Wis., to Beijing, China. That move is part of GE’s broader plan to invest $2 billion in China.
While that may be par for the course for American businesses these days, it ought not be for GE. Why? Because Immelt — an alleged Republican — was appointed by Democrat-in-Chief Barack Obama in January to head up the the President’s Council on Jobs and Competitiveness. That’s right — Immelt is one of those businessmen who is supposed to find ways to create jobs here rather than, say, China.
The whole scenario looks even worse when one considers that the government has bent over backward to deliver all sorts of competitive advantages to GE. The company made $14.2 billion last year and paid no income taxes to the federal government. After months of telling American companies that it’s in their best interests to create American jobs, Immelt announced his company is creating a bunch of jobs in China.
So, he’s a self-described Republican hired by a Democrat to head up a job creation group and he leads a company that is doing, well, exactly the opposite of what Imment says American companies should be doing. Uh, which party wants to claim that Immelt cat now?
Expanding investments in China when the national unemployment rate is an alarming 9.2 percent? Good going, Imment — you are the very embodiment of why the economy is a mess and why we’re in trouble.
-------------------------
GE and China: Growing Market Overseas, More Jobs at HomeThere have been several stories in the media recently about GE and China. Many of them have distorted the facts about the nature of GE’s business in China and especially the impact of that business on jobs here at home. The truth is that expanding into new markets and selling to more customers—whether in China or any other large, growing international market—means more GE jobs in the U.S., now and in the future.
With $17 billion in U.S. exports in 2010, GE is the nation’s second largest manufacturing exporter. GE makes the world’s most advanced energy, aviation, healthcare and transportation technology, at plants across the U.S., and sells these products all over the world. In the last ten years alone, GE has doubled its exports from the U.S., which has supported American jobs. In the last ten years, revenue from outside of the U.S. has grown from 35 percent of GE’s total in 2001 to a projected 60 percent in 2011, while more than 50% of the company’s industrial workforce remains in the U.S.
GE Aviation Joint Venture in China
A recent story in the Washington Post examined a joint venture between GE Aviation and the Aviation Industry Corporation of China involving avionics technology. GE started doing business in China in 1906; it’s not a new direction for the company. China’s civil aviation market is one of the fastest growing in the world and has enormous potential for continuing growth. It is a key imperative for GE and the U.S. to participate in this growth.
The Post story accurately states that the partnership will create hundreds of jobs in the United States, which will mainly be in Grand Rapids, Michigan, and Clearwater, Florida. In all, GE Aviation’s business in China translates to more than 1,800 high-tech jobs in the U.S.
GE has ensured that rigorous protections are in place to protect our intellectual property. The partnership will create new technologies, and both parties have every interest in protecting intellectual property, which will be a key asset of the venture. This is purely a commercial avionics venture and involves no military applications.
GE Healthcare X-Ray Division
At the end of July, GE Healthcare announced it would move 4 executives of the X-Ray Division to China to lead the development of specific products for use in China. Subsequent media reports inaccurately described the announcement – GE is not moving its entire X-Ray Division to China. The team on the ground in China will develop X-Ray products suited to the specific needs of the Chinese market: for example, Chinese hospitals in rural markets require very basic products. This on the ground business development will help support jobs at home
-----------------------
GE Jobs going to China
--------------------------------------------------------------------------------
General Electric is planning to move its 115-year-old X-ray division from Waukesha, Wis., 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.
If this doesn't show you the total lack of leadership of this President, I don't know what does.
Verified by
Bloomberg News
General Electric Co.’s health care unit, the world’s biggest maker of medical imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing.
“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.
The division should have “double-digit’’ growth rates as the country converts from film and analog to digital X-ray technology, LeGrand said.
GE moving X-ray business to China. What message is sent to U.S.?
FROM CNN's Jack Cafferty:
Here is more evidence of the suicide mission this country is on: General Electric announced it's moving its 115-year-old X-ray business from Waukesha, Wisconsin to Beijing, China.
The X-ray business is part of General Electric's GE Healthcare unit, and this move is just part of a broader plan by GE to invest $2 billion in China.
This will become the first GE business to be headquartered there. A handful of the unit's top executives will be transferred to China but otherwise, the company says, none of the 150 staffers in the Milwaukee-area facility will lose jobs or be transferred. However, GE plans to hire more than 65 engineers and a support staff at a new facility in China.
It's the kind of news that makes you want to reach for something sharp and jab it in your eye. General Electric's Chief Executive, Jeffrey Immelt, is one of President Obama's advisers on… ready? U.S. job creation!
In January, President Obama asked Immelt, a self-described Republican, to head up the President's Council on Jobs and Competitiveness. Tapping Immelt was supposed to provide the Obama administration with a business world perspective on job creation - not in China - here.
The administration also hoped it would give the president a leg up negotiating with the Republican-controlled House on deficit reduction, jobs programs, and health care. And we can all see how that's worked out really well.
Two months after Immelt was named to the council, The New York Times reported that General Electric paid no income taxes last year... thanks to some fancy accounting footwork, even though the company earned $14.2 billion in profits last year - more than $5 billion in the U.S. alone.
Here’s my question to you: General Electric is moving its X-ray business to China. What message does this send Americans?
Interested to know which ones made it on air?
Olga:
It says we can give big corporate perks to companies who ship jobs overseas. The GE situation is a perfect example. How do you expect President Obama to create jobs if the corporate big wigs are "unemploying" our people? We should take the company tax breaks and perks away until they bring back the jobs from overseas.
Eva in Tennessee:
Wait. Isn't the CEO of GE supposed to be Obama's top jobs guy? First they paid no income tax and now this? It's official. No one in power cares about getting people back to work. All they care about is keeping their profits, their offices, and the status quo. The real question is how long will it take the rest of America to realize this and do something about it?
Brad in Portland, Oregon:
It tells the U.S. that free trade is a scam, and we need to have fair trade instead. It's too easy for companies to outsource to China and bring the goods and services back to the U.S. with few restrictions. We need to have tariffs on imports to account for the difference in labor costs between the two countries, and then China can compete with American manufacturers on the basis of quality instead of cheap labor.
Frank in Mill Valley, California:
The message is eloquent and wonderfully concise - it consists of only two words. It starts with the letter "F" and ends with the letter "u."
Donna:
Does anyone see a conflict of interest here? Why would a corporate chief executive move an arm of his business to China when he is responsible for jobs in America? I find it outrageous!
Lori in Pennsylvania:
It says that U.S. company executives and stock holders are greedy, and want to share as little of the profits they make as possible. I guess the national debt crisis hasn't opened their eyes as to what happens when millions of average citizens don't have a paying job.
D.W. in St. Louis, Missouri:
Thanks for all the tax breaks, Suckers
-----------------------------
GE tells American workers to go to hell, ‘First Arkansas News’ announces new series
By: Ethan C. Nobles 27 July 2011 12 Comments
You want to talk about timing? Just yesterday, we at First Arkansas News posted an article about the growing interest in buying American-made products and — before the pixels were even cold on that one — General Electric announced it’s moving a bunch of jobs to China.
That ironic announcement — we’ll get to it in a minute — has prompted an expansion of the aforementioned article into a series of them. We’ve already heard from Roger Simmermaker of How Americans Can Buy American and we’ll hear from Don Rongione of American Made Matters in the next day or two about the economic impact of the loss of manufacturing jobs throughout the nation. Expect other articles to follow.
Now, back to GE.
GE Chief Executive Officer and Chairman of the Board Jeffrey R. Immelt managed to make both Republicans and Democrats look bad by announcing his company is moving its international X-ray headquarters from Waukesha, Wis., to Beijing, China. That move is part of GE’s broader plan to invest $2 billion in China.
While that may be par for the course for American businesses these days, it ought not be for GE. Why? Because Immelt — an alleged Republican — was appointed by Democrat-in-Chief Barack Obama in January to head up the the President’s Council on Jobs and Competitiveness. That’s right — Immelt is one of those businessmen who is supposed to find ways to create jobs here rather than, say, China.
The whole scenario looks even worse when one considers that the government has bent over backward to deliver all sorts of competitive advantages to GE. The company made $14.2 billion last year and paid no income taxes to the federal government. After months of telling American companies that it’s in their best interests to create American jobs, Immelt announced his company is creating a bunch of jobs in China.
So, he’s a self-described Republican hired by a Democrat to head up a job creation group and he leads a company that is doing, well, exactly the opposite of what Imment says American companies should be doing. Uh, which party wants to claim that Immelt cat now?
Expanding investments in China when the national unemployment rate is an alarming 9.2 percent? Good going, Imment — you are the very embodiment of why the economy is a mess and why we’re in trouble.
-------------------------
GE and China: Growing Market Overseas, More Jobs at HomeThere have been several stories in the media recently about GE and China. Many of them have distorted the facts about the nature of GE’s business in China and especially the impact of that business on jobs here at home. The truth is that expanding into new markets and selling to more customers—whether in China or any other large, growing international market—means more GE jobs in the U.S., now and in the future.
With $17 billion in U.S. exports in 2010, GE is the nation’s second largest manufacturing exporter. GE makes the world’s most advanced energy, aviation, healthcare and transportation technology, at plants across the U.S., and sells these products all over the world. In the last ten years alone, GE has doubled its exports from the U.S., which has supported American jobs. In the last ten years, revenue from outside of the U.S. has grown from 35 percent of GE’s total in 2001 to a projected 60 percent in 2011, while more than 50% of the company’s industrial workforce remains in the U.S.
GE Aviation Joint Venture in China
A recent story in the Washington Post examined a joint venture between GE Aviation and the Aviation Industry Corporation of China involving avionics technology. GE started doing business in China in 1906; it’s not a new direction for the company. China’s civil aviation market is one of the fastest growing in the world and has enormous potential for continuing growth. It is a key imperative for GE and the U.S. to participate in this growth.
The Post story accurately states that the partnership will create hundreds of jobs in the United States, which will mainly be in Grand Rapids, Michigan, and Clearwater, Florida. In all, GE Aviation’s business in China translates to more than 1,800 high-tech jobs in the U.S.
GE has ensured that rigorous protections are in place to protect our intellectual property. The partnership will create new technologies, and both parties have every interest in protecting intellectual property, which will be a key asset of the venture. This is purely a commercial avionics venture and involves no military applications.
GE Healthcare X-Ray Division
At the end of July, GE Healthcare announced it would move 4 executives of the X-Ray Division to China to lead the development of specific products for use in China. Subsequent media reports inaccurately described the announcement – GE is not moving its entire X-Ray Division to China. The team on the ground in China will develop X-Ray products suited to the specific needs of the Chinese market: for example, Chinese hospitals in rural markets require very basic products. This on the ground business development will help support jobs at home
-----------------------
GE Jobs going to China
--------------------------------------------------------------------------------
General Electric is planning to move its 115-year-old X-ray division from Waukesha, Wis., 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.
If this doesn't show you the total lack of leadership of this President, I don't know what does.
Verified by
Bloomberg News
General Electric Co.’s health care unit, the world’s biggest maker of medical imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing.
“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.
The division should have “double-digit’’ growth rates as the country converts from film and analog to digital X-ray technology, LeGrand said.