GE Leaves USA

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’s 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. Please pass this information to others and think about it before you buy a GE product. Business Week Article on this and Snopes.