Yesterday, our campaign-promise-breaker-in-chief, (what’s new?) spent the entire morning making his picks for the NCAA B-ball tournament. The Japanese nuclear reactors meltdown had been unfolding for five days, but I think even more important is what is happening in Libya. Folks, this is another war we are entering. Many people will hit the streets and protest the new war, but as in the protests against the invasion of Iraq and the banker bailouts THEY will not pay any attention to us the useless ‘feeders’ (attributed to Henry Kissinger) and do whatever they want.
‘O’ pushes forward 3 billion loan guarantee for two new Nuke power generators in Texas.
General Electric (GE) makes nuke reactors and is a large supplier of weapons of mass destruction to the Pentagon — Duh– and sends plenty of jobs to other countries. GE pays zero taxes. General Electric’s CEO, Jeff Immelt, has been named the new leader of one of President Obama’s economic council. The council, the recently renamed President’s Council on Jobs and Competitiveness, focuses on the creation of new jobs. All these names seem to me as Orwellian doublespeak. What does ‘competitiveness’ mean?
This guy will not create one job in the US, outside of hiring some new aides.
Just in July 25, 2011
G.E Moving X Ray Business To China.. Why?
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.
Who’s money bailed them out, and they are now moving to China? Really? Disgusting.
Remember GE made 14 Billion in declared profits last year and paid zero taxes.
“FORTUNE — Jeff Immelt is pushing the boundaries of his role as CEO of G.E. into one of a global figurehead.”
He is just another narcissistic sociopath who does not care about you.
“Immelt, on the other hand, has been CEO of General Electric (GE,Fortune 500) since 2001, and has worked at the company since 1982–the same year that he graduated with an M.B.A. from Harvard University.”
My add: What is in the water at Harvard that shits out these guys? They go from corporations, to the government, to academia, round and round. His economic philosophies are based on his knowledge from the company. GE made the reactors in Japan. Immelt learnt his corporatist ways at the knees of guys such as Jack Welsh. For the first time GE has a seat at the table.
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