THIS is crony capitalism...
Keep your eye on Waukesha,
Wisconsin......Their biggest employer just moved out.
General Electric is
planning to move its 115-year-old X-ray division from Waukesha 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 me
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.
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