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GE X-ray leaders move to China (Investing 2 Billion there)
Boston.com ^ | July 26, 2011 | Bloomberg News

Posted on 12/21/2011 6:13:13 AM PST by no dems

General Electric Co.’s health care unit, the world’s biggest maker of medical imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing.

The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six “customer innovation’’ and development centers.

The division should have “double-digit’’ growth rates as the country converts from film and analog to digital X-ray technology, LeGrand said

(Excerpt) Read more at articles.boston.com ...


TOPICS: Culture/Society
KEYWORDS: ge
Investing $2 Billion across China??? President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). I guess the President forgot to tell him in which country he was supposed to be creating those jobs.
1 posted on 12/21/2011 6:13:19 AM PST by no dems
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To: no dems

This is old news as the date on your article shows.


2 posted on 12/21/2011 6:14:39 AM PST by johniegrad
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To: no dems

GE doesn’t like to pay its’ “fair share.”


3 posted on 12/21/2011 6:17:45 AM PST by smokingfrog ( sleep with one eye open ( <o> ---)
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To: johniegrad

Yet GE has the guts to run an ad now showing patients that have benefited from these machines visiting this plant in WI to thank the workers.


4 posted on 12/21/2011 6:19:15 AM PST by 1776 Reborn
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To: johniegrad; no dems
How about a story ripped from today's headlines? :-)

GE Healthcare adding to staff, budget forR&D

5 posted on 12/21/2011 6:22:01 AM PST by mewzilla (Santelli 2012)
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To: 1776 Reborn

FWIW, that not guts. It’s unmitigated gall.


6 posted on 12/21/2011 6:23:30 AM PST by mewzilla (Santelli 2012)
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To: no dems

If it were any other president, the media would be frying them non-stop for this.


7 posted on 12/21/2011 6:24:58 AM PST by headstamp 2 (Time to move forward not to the center.)
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To: mewzilla

The ads are probably paid for with our tax dollars somehow too.


8 posted on 12/21/2011 6:40:23 AM PST by 1776 Reborn
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To: no dems

Put a high duty rate on imported medical imaging equipment and see what GE says.


9 posted on 12/21/2011 6:43:02 AM PST by PGR88 (Sic transit gloria mundi)
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To: PGR88
Put a high duty rate on all imported manufactured goods, and see how fast America's unemployment rate falls.

SANTORUM 2012


10 posted on 12/21/2011 6:45:11 AM PST by Cringing Negativism Network ("FREE TRADERS": Self-loathing Americans)
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To: Cringing Negativism Network
Put a high duty rate on all imported manufactured goods, and see how fast America's unemployment rate falls.

Like with Smoot-Hawley?

11 posted on 12/21/2011 6:48:41 AM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Cringing Negativism Network

I’m thinking that, in Iowa especially, Rick Santorum will be “last man standing”. Right now, I’m still leaning toward Newt, but I’m reassessing and I could live with Santorum very easily.


12 posted on 12/21/2011 6:53:25 AM PST by no dems (Why do you never see "Obama" bumper stickers on cars going to work in the morning?)
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To: no dems
I conslted for a year in a GE Health startup in 2009(digital pathology). They spent money like it was going out of style, but no one could dispute the product is a game changer.

The company is a giant and does as it pleases. Hence, it is too big to fail.

I hate that they are turning their back on US workers. They will lose a lot of innovation our workers provide.

13 posted on 12/21/2011 6:53:39 AM PST by Glenn (iamtheresistance.org)
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To: no dems

Obama’s “Jobs Czar” Jeffrey Immelt creating jobs as he’s supposed to... IN CHINA!!!


14 posted on 12/21/2011 7:02:17 AM PST by Bon mots ("When seconds count, the police are just minutes away...")
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To: no dems
Crappy, junky GE appliances could be our secret weapon to drive the Chinese to their knees.
15 posted on 12/21/2011 7:03:17 AM PST by Iron Munro ("Don't pick a fight with an old man. If he is too old to fight he'll just kill you." John Steinbeck)
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To: Don Corleone
"Like with Smoot-Hawley?"

Ick.

Brainwashed much? It's no longer Smoot-Hawley, get with the program. Back then, we were the exporter.

Now it's "Hawley-Smoot", and it would have the exact opposite effect this time around.

America First.

SANTORUM 2012


16 posted on 12/21/2011 7:07:24 AM PST by Cringing Negativism Network ("FREE TRADERS": Self-loathing Americans)
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To: no dems

Whatcha goin’ ta do when China erupts in Civil War? What goin’ ta happen to your new factories when your slave labor revolts? Whatcha going to do when Red China cash cow goes sour? Its going to happen—Read your Chinese history. OR What you going to do if a Trump or a Newt or a new Reagan puts up tariffs on cheap Chinese goods? Or bans then all together? Whats going to happen if there is war and the Reds just seize your factories? They will not pay capitalist slobs for their investments. Not smart.


17 posted on 12/21/2011 7:23:12 AM PST by Forward the Light Brigade (Into the Jaws of H*ll)
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To: Forward the Light Brigade

Ref. your post #17: I pray that everything you “predicted” comes to pass.


18 posted on 12/21/2011 7:32:21 AM PST by no dems (Why do you never see "Obama" bumper stickers on cars going to work in the morning?)
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To: smokingfrog

Do you?


19 posted on 12/21/2011 7:55:49 AM PST by Sundog (When Hollywood defines reality there is no reality.)
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To: Forward the Light Brigade

Slobs. You got that right.


20 posted on 12/21/2011 7:56:53 AM PST by Sundog (When Hollywood defines reality there is no reality.)
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To: no dems

GE used to be a great American company. Under Immelt it’s degenerated into nothing but a capitalist whore.


21 posted on 12/21/2011 8:38:38 AM PST by bossmechanic (If all else fails, hit it with a hammer)
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To: Sundog
I was thinking of the way 0bama uses the term "fair share" when he talks about raising taxes on millionaires and billionaires.

But....

GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits

The problems with the corporate taxes occur because "Republicans and Democrats, both parties, sit in Congress and they're picking winners and losers," [Paul] Ryan said. The solution, according to the Wisconsin congressman: "Get rid of those loopholes and lower tax rates by a corresponding amount. Don't lose revenue, but for every loophole you pull out, and deny a company from being able to get this little carveout, you can lower the rates so we can be more competitive with our competitors overseas. We want to stem the bleeding of jobs going overseas, of foreign companies buying U.S. companies and taking headquarters overseas."


Seems like a world-wide corp. that makes a $14 billion profit, with a lot of it coming from taxpayer dollars should pay more in taxes than I do.
22 posted on 12/21/2011 1:54:38 PM PST by smokingfrog ( sleep with one eye open ( <o> ---)
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To: smokingfrog

Point well taken. There are so many broken systems in America right now, from education to welfare to government intrusion to taxes, that I’m inclined to think a corporation that can game the IRS might as well get away with it. We sure don’t mind a far larger number of individuals than GE hires being wards of the United States.

Think of it. We have a dependent population comparable to the country of Spain embedded within our population and entirely dependent on the United States government for all their material sustenance. If you understand the scope of the problem, even if GE paid 100% of its gross revenue into the coffers, it would be dwarfed by the first bailout of foreign banks done by the Fed through TARP. 151 billion vs 7.7 trillion.


23 posted on 12/21/2011 6:28:34 PM PST by Sundog (When Hollywood defines reality there is no reality.)
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