Quote:
Originally Posted by TheMercenary
"General Electric is planning to move its 115-year-old X-ray division from
Waukesha , Wis. , 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.
If this doesn't show you the total lack of leadership of this President, I
don't know what does."
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The same can basically be said about Republicans who want to lower taxes to spur investment. Why would they invest in the USA over China or any other upcoming economy?