GE is moving to China!!

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    Dec 02, 2011 8:05 PM GMT
    First venture into posting to this area...but it's the only place that seemed to fit the topic.
    Someone just sent me an email...though the news was first reported back in July 2011.
    Here is a link to the CNN article that was published. You really should read this...especially THIS part:
    "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!"

    Read the entire article here:

    http://caffertyfile.blogs.cnn.com/2011/07/27/ge-moving-x-ray-business-to-china-what-message-is-sent-to-u-s/
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    Dec 02, 2011 9:04 PM GMT
    I have lots of stock in GE, in fact I got burnt on the shares that I paid $34 for 7 years ago. After buying more shares when it tanked I'm finally at the break even point. I'm hoping the shares go up because of this.

    Most corporations are going to continue to send jobs overseas to escape the high tax rate in this country, thats a given. I am however surprised that Obama's top man Jeffrey Immelt is doing this.
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    Dec 02, 2011 9:05 PM GMT
    Oy. Wisconsin needs this like it needs a hole in the head.
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    Dec 02, 2011 9:28 PM GMT
    CHRISTOPHER34 saidI have lots of stock in GE, in fact I got burnt on the shares that I paid $34 for 7 years ago. After buying more shares when it tanked I'm finally at the break even point. I'm hoping the shares go up because of this.

    Most corporations are going to continue to send jobs overseas to escape the high tax rate in this country, thats a given. I am however surprised that Obama's top man Jeffrey Immelt is doing this.



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    Dec 02, 2011 9:35 PM GMT
    GE is betraying the U.S. the same way that Halliburton created its' "dual headquarters" in Houston and Dubai.

    GE is selling the store to China.
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    Dec 02, 2011 10:26 PM GMT
    I wonder if Riddler's manufacturing company/companies in China will benefit?
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    Dec 02, 2011 11:40 PM GMT
    meninlove said I wonder if Riddler's manufacturing company/companies in China will benefit?


    I'm sure the child labor will be delighted.
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    Dec 03, 2011 2:23 AM GMT
    Christian73 said
    meninlove said I wonder if Riddler's manufacturing company/companies in China will benefit?


    I'm sure the child labor will be delighted.


    Hey! Those children need jobs, don't they? Gotta keep the little nippers busy and off the streets! icon_lol.gif
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    Dec 03, 2011 5:00 AM GMT
    GAMRican said
    Christian73 said
    meninlove said I wonder if Riddler's manufacturing company/companies in China will benefit?


    I'm sure the child labor will be delighted.


    Hey! Those children need jobs, don't they? Gotta keep the little nippers busy and off the streets! icon_lol.gif



    Good grief, lol!

    I'd prefer they were at school. icon_wink.gif

    -Doug
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    Dec 03, 2011 7:02 AM GMT
    Christian73 said
    meninlove said I wonder if Riddler's manufacturing company/companies in China will benefit?


    I'm sure the child labor will be delighted.
    Well who else has hands small enough to handle the tiny details? (and for the record, yes, I am kidding).

    And, no I won't benefit. The people who benefit most out of this move though (for the record) are the buyers of the product who are assured product that is more affordable - and that's a good thing when it comes to x-ray machines?

    But there are bigger issues at work here - is US policy to blame for some of the work moving overseas? I think the answer to that question is absolutely.
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    Dec 03, 2011 7:12 PM GMT
    riddler78 said
    Christian73 said
    meninlove said I wonder if Riddler's manufacturing company/companies in China will benefit?


    I'm sure the child labor will be delighted.
    Well who else has hands small enough to handle the tiny details? (and for the record, yes, I am kidding).

    And, no I won't benefit. The people who benefit most out of this move though (for the record) are the buyers of the product who are assured product that is more affordable - and that's a good thing when it comes to x-ray machines?

    But there are bigger issues at work here - is US policy to blame for some of the work moving overseas? I think the answer to that question is absolutely.


    Yes...perhaps a bit more affordable....BUT I have read in several places that the quality of Chinese labor leaves much to be desired and the products suffer as a result.