Jack Cafferty sez:
General Electric's Chief Executive, Jeffrey Immelt, is one of President Obama's advisers on… ready? U.S. job creation!
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.
more from Jack...
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.
snip
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.
snip
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.
The state of the economy? Jobs? LOL~! Lissen, the "smart money" is being "invested" overseas.
What a joke this country has become~!
Can you say "Signed, Sealed, Delivered"?