http://www.boston.com/business/articles/2011/07
/26/ge_moving_x_ray_business_to_china/
Ge who made 15 billion in profits and paid NO TAXS...so much for tax cuts create jobs....like I said...they create jobs in CHINA....
Hard to compete with slave labor. But yeah, tax cuts, credits, bail outs, everything but the kitchen sink; no jobs for Americans though. I bet it's the Union's fault.
http://www.boston.com/business/articles/2011/07
/26/ge_moving_x_ray_business_to_china/
Ge who made 15 billion in profits and paid NO TAXS...so much for tax cuts create jobs....like I said...they create jobs in CHINA....
Μολὼν λαβέ;1059688190 said:Wasn't/Isn't G.E.’s chief executive, Jeffrey Immelt, the chairman of the President’s Council on Jobs and Competitiveness? I guess he's getting out before he has to start paying taxes. This should be great for the 2012 campaign. Even paying no taxes could keep Obama's business buddy from moving business interests to China.
This is why I am against outsourcing. Free trade just allows everyone to trade jobs and manufacturing to China.
And people wonder why there no jobs to be had in America anymore. Corporate America is flushing our future down the drain.
Proof there's more to economics the current recession than taxes and government action, whoever says its only because we have such high taxes needs this as a reality check.
Well I don't think Obama is anymore interested in American jobs than Bush was. They all wanna protect their big corporate buddies out there.
How much social security and medicare is GE having to match in China, ya think?
Well I don't think Obama is anymore interested in American jobs than Bush was. They all wanna protect their big corporate buddies out there.
Μολὼν λαβέ;1059688227 said:That's the way it seems. I guess we've all been Scrooged.
How much social security and medicare is GE having to match in China, ya think?
Yeah, they don't wanna pay good wages and support the social constructs of the country. However, if they make bad decisions again and tank, they will not think twice to take MORE of our money to bail out their asses. We've given them enough, time to pay the piper.
Essentially. Wait to see if they mess up again and need another pay out from the good ol' American tax payer. They have no shame running to government, palms turned towards the sky. They'll take as much of our money as they can get away with, then ship jobs over seas and not pay back into the public coffers from which they (and many others) so frequently dip.
If we're using the power of government to ensure the success and longevity of these companies; to see them through bad times and use tax payer dollars to keep them afloat at great rates that will not have to be paid back; well perhaps they should be paying for that privilege. That's not free market, free market would say Adios Amigo! Corporate capitalism facilitated through force and power of State keeps them going even when things turn bad. There ain't no such thing as a free lunch. If they don't want to be held to the consequences of their actions and the fickle winds of the economy, then we should get a little something something in return.
Fair enough. But the reality is still that this trend in global business to favor China is something beyond anyone's control, its just the free market at work and business seeking lower operating costs. It goes well beyond government involvement and into what individual people will accept as a job. On top of that do we really want to reduce ourselves to wage levels in China just so we can compete for these types of industries? Because mind you that its not all industry that moving, its mostly industry that relies on an uneducated work force. The unemployment rate for people who have bachelor's or master's degrees in the US is still very low, the way to compete in the future is education and jobs/careers which require education.
What I see is this, either we get more educated and get more competitive. OR we slash wages, government benefits, safety standards etc, work conditions, our standard of living and march back into the 20's in terms of wages, benefits, standards etc just to compete with China and other developing economies. Well we'll undoubtedly have to do a bit of both, some slashing but invest in education as much as we can. That way we can preserve our standard of living and continue to increase it because we'll have the skills and knowledge to justify it, and yes we'll have to buy toasters from China.
75$ dollars an hour to clean toilets? where can one apply for this job?I certainly don't think that we need to compete on the same salary level as China, but at the same time unions negotiating $75 per hour for a guy that cleans toilets, gets 3 weeks of paid vacation a year and only works 40 hours a week isn't going to come close to competing and maybe they need to take a realistic look at that. Kinda like that movie, "Gungho", with Michael Keaton,
Union hand #1: "We were getting $20 per hour"
Union hand #2: "We been getting nothing".
Basically, they can get a little less, or they can get nothing.
What we need to do, is get the government out of the private sector. It's been obvious that government involvement in the private sector is never going to work.
You can educate all the mother****ers you want, but until the government stops trying fix everything that isn't broken, nothings going to get better.
Μολὼν λαβέ;1059688190 said:
Wasn't/Isn't G.E.’s chief executive, Jeffrey Immelt, the chairman of the President’s Council on Jobs and Competitiveness? I guess he's getting out before he has to start paying taxes. This should be great for the 2012 campaign. Even paying no taxes could keep Obama's business buddy from moving business interests to China.
GE's slogan should read: Progress to China is our most important product.
75$ dollars an hour to clean toilets? where can one apply for this job?
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