Jobs Czar Moves US Jobs to China

July 27, 2011. Beijing. In an attempt to capture a larger share of the booming Chinese market, General Electric announced that it was moving its X-Ray technology headquarters from Wisconsin to China. While GE is one of the largest military suppliers in the world, it is also the parent of the NBC broadcasting group of companies. Ironically enough, GE’s CEO is Jeff Immelt, the same man President Obama anointed as America’s Jobs Czar.

Stuart Varney believes that Obama is doing this to punish Wisconsin Governor Walker which Obama believes will turn voters against Walker.

Varney could be right about this. It seems like more than a coincidence. On the other hand, Fox Bsns News had some rat dame on that asserted multiple times that there would be no jobs lost...how does that work again?

The New Learjet...Now Mexican Made
Low Labor Costs Attract Bombardier, Which Employs 1,600; Fuselages Where Cacti Once Stood
BY NICHOLAS CASEY

QUERÉTARO, Mexico—Here at a plant in Mexico’s central highlands, technicians from Bombardier Inc. are putting together a first in this country: A jet that was 85% manufactured south of the border.

The world’s third-largest airplane manufacturer is dipping a toe into Mexico, betting that a combination of local engineers, reduced labor costs and proximity to markets in the north and south are the right mix for the Learjet 85, Bombardier’s newest corporate jet, due out in 2013.

Five years ago, the building’s site in Querétaro was dry cactus fields. Now it is a booming assembly line of half-built fuselages and ...

....Still, some aerospace companies are using Mexico as a base for research and design. GE, the No. 1 producer of jet engines, now has its largest research and design center outsied of the U.S. in Queretaro where some 1300 engineers work. GE is planning future investment in Mexico. In 2015 it planes to open a new $30 million facility it opened early this year a cost of $20 million. The new wing ill house G.E.’s aviation program with roughly 1,000 staff.”

http://online.wsj.com/article/SB10001424053111904233404576458561238682634.html

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