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When you thought it couldn't get any worse.

Tam

Well-known member
Jeffery Immelt is accredited with running GE stock into the ground and guess who Obama just appointed as his Sr Economic advisor. :roll:
 

Tam

Well-known member
Just so you know Immelt reportedly donated to both Hillary and McCain's campaigns but not Obama. :lol: :lol:
 

Steve

Well-known member
"I think the challenge with Immelt, and I'm just wondering about the politics of this too, because you have the industrial heartland which is still a battleground, Pennsylvania, Ohio, Indiana, Wisconsin. They have all been devastated by manufacturing job loss, and in Jeff Immelt you have a CEO who has supported all of the policies that have led to that devastation," said Scott Paul, the executive director of the Alliance for American Manufacturing. "I think the president has a hard time convincing the American people that having an outsourcing CEO as your key adviser on jobs and competitiveness,"

In the eyes of some labor interests, G.E. also embodies the job-outsourcing phenomenon. And Immelt's ascension to a post that has the ear of the president --

The optics of the Immelt appointment aren't necessarily that clear. While the G.E. chief executive has overseen the shipping of U.S. jobs overseas, his tone and stated philosophy have shifted in recent years. "In some areas," he said during a much-remarked-upon June 2009 speech in Detroit, "we have outsourced too much."

What has followed, a G.E. spokeswoman said, has been a concerted effort to build operational roots in America, with the company "in-sourcing jobs in Kentucky, Pennsylvania, Indiana, Ohio and many other states."

it seems a little late now..

Light bulb factory closes; End of era for U.S. means more jobs overseas

WINCHESTER, VA. - The last major GE factory making ordinary incandescent light bulbs in the United States is closing this month, marking a small, sad exit for a product and company that can trace their roots to Thomas Alva Edison's innovations in the 1870s.

"Everybody's jumping on the green bandwagon," said Pat Doyle, 54, who has worked at the plant for 26 years. But "we've been sold out. First sold out by the government. Then sold out by GE. "

seems there is alot of misguided policy..with some hard to deal with unintended consequences.
 
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