Profits earned overseas are taxed so high U.S. companies will not reinvest that money here. Time to fix that. The time is right.
That money would find a favorable tax and regulatory climate under a Perry presidency.
Right now Barack Obama's Council on Jobs and Competitiveness is headed by G.E. CEO Jeffrey Immelt who was sending jobs to China before his appointment and continues sending high tech U.S. jobs to China.
Right now Barack Obama's long standing Science and Technology Adviser, John P. Holdren [climate science and over population fame] has overseen NASA's space program dismantling and has our astronauts hitching -- $63 MILLION a seat rides with Russia. And the Chinese are moving along with their space station and moon resource utilization plans.
Barack Obama wants to RAISE TAXES and RAISE the U.S. debt limit and borrow MORE money from China.
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This is how you "create" jobs -- you create an environment that is friendly to employers!
Rick Perry:
FIRST: "Don't spend all the money!"
SECOND: "Have a fair and predictable tax and regulatory policy!"
THIRD: "Have a legal system that doesn't allow for over suing and make loser pay!"
Nov 11, 2010: General Electric to sink $2billion into China development as production moves from the U.S. “General Electric Co. plans to sink more than $2billion into its efforts in China through 2012. The conglomerate has shifted more production from the U.S. to China and also looks to build new partnerships there.
GE said Tuesday that it will likely spend $500million on research and development and new customer innovation centers, adding more than 1,000 new jobs. More than $1.5billion is expected to be put toward new joint ventures with Chinese state-owned enterprises in high-technology sectors.
The company is also moving more manufacturing abroad. Last month it shut a lightbulb factory in Virginia and will relocate those 200 jobs to China…..”
Jan 21, 2011: Obama Taps GE Boss Immelt for Jobs Council “(AP) President Obama is restructuring his economic advisory board to place an emphasis on job creation, and he is naming General Electric CEO Jeffrey Immelt as its new head.
The new board, called the President's Council on Jobs and Competitiveness, will replace the former Economic Recovery Advisory Board that had been chaired by former Federal Reserve Chairman Paul Volcker……”
July 25, 2011: GE Moves Healthcare Division's X-Ray Unit Headquarters To China “General Electric's health-care unit is moving the headquarters of its x-ray business from Waukesha, Wisconsin to Beijing to gain from Chinese growth, according to Bloomberg. …..”
Obama’s Advisor for Science and Technology, John P. Holdren, [Climate Science Advocate] has assisted in NASA now being out of the space business -- hitchhiking into space with the Russians -- $63MILLION a seat while.....
The Chinese are moving along with their space station and moon resource utilization plans. Leonard David: China's First Space Station Module Readies For Liftoff
Shenzhou-8 undergoes testing in preparation for carrying out an unpiloted rendezvous and docking mission to the Tiangong-1platform.
