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GE CEO JEFFREY IMMELT, THE HEAD OF OBAMA'S JOBS COUNCIL, IS MOVING THOUSANDS OF JOBS TO CHINA At A BLISTERING PACE
08-13-2011 2:16 am - theEconomicCollapseBlog.com
Jeffrey Immelt, the head of Barack Obama's highly touted "Jobs Council", is moving even more GE infrastructure to China. GE makes more medical-imaging machines than anyone else in the world, and now GE has announced that it "is moving the headquarters of its 115-year-old X-ray business to Beijing". Apparently, this is all part of a "plan to invest about $2 billion across China" over the next few years.

But moving core pieces of its business overseas is nothing new for GE. Under Immelt, GE has shipped tens of thousands of good jobs out of the United States. Perhaps GE should change its slogan to "Imagination At Work (In China)". If the very people that have been entrusted with solving the unemployment crisis are shipping jobs out of the country, what hope is there that things are going to turn around any time soon?

Earlier this month, Immelt made the following statement to a jobs summit at the U.S. Chamber of Commerce....

"There's no excuse today for lack of leadership. The truth is we all need to be part of the solution." Apparently Immelt's idea of being part of the solution is to ship as many jobs overseas as he possibly can.

A recent article on the Huffington Post documented how GE has been sending tens of thousands of good jobs out of the country....

As the administration struggles to prod businesses to create jobs at home, GE has been busy sending them abroad. Since Immelt took over in 2001, GE has shed 34,000 jobs in the U.S., according to its most recent annual filing with the Securities and Exchange Commission. But it's added 25,000 jobs overseas.

At the end of 2009, GE employed 36,000 more people abroad than it did in the U.S. In 2000, it was nearly the opposite. GE is supposed to be creating the "jobs of tomorrow", but it seems that most of the "jobs of tomorrow" will not be located inside the United States.

The last GE factory in the U.S. that made light bulbs closed last September. The transition to the new CFL light bulbs was supposed to create a whole bunch of those "green jobs" that Barack Obama keeps talking about, but as an article in the Washington Post noted, that simply is not happening....

Rather than setting off a boom in the U.S. manufacture of replacement lights, the leading replacement lights are compact fluorescents, or CFLs, which are made almost entirely overseas, mostly in China.

But GE is far from alone in shipping jobs and economic infrastructure out of the United States. For example, big automakers such as Ford are being very aggressive in China. Ford is currently "building three factories in Chongqing as part of $1.6 billion investment that also includes another plant in Nanchang".

Today, China accounts for approximately one out of every four vehicles sold worldwide. The big automakers consider the future to be in China.

Just a few decades ago, China was an economic joke and the U.S. economy was absolutely unparalleled.

But disastrous trade policies have opened up the door for a mammoth transfer of jobs, factories and wealth from the United States to China.

China has become an absolute powerhouse and America is rapidly declining.

Beautiful new infrastructure is going up all over China even as U.S. infrastructure rots and decays right in front of our eyes.

You can see some amazing pictures of the stunning economic development that has been going on in China here, here, here and here.

America is being deindustrialized at lightning speed and very few of our politicians seem to care.

Back in 1979, there were 19.5 million manufacturing jobs in the United States.

Today, there are 11.6 million.

That represents a decline of 40 percent during a time period when our overall population experienced tremendous growth.

We used to have the greatest manufacturing cities on the entire globe. The rest of the world was in awe of us.

Today, most of those formerly great manufacturing cities are decaying, rotting hellholes.

The following is what one reporter from the UK saw during his visit to Detroit....

As you pass the city limits a blanket of gloom, neglect and cheapness descends. The buildings are shabbier, the paint is faded. The businesses, where they exist, are thrift shops and pawn shops or wretched groceries where the goods are old and tired. Finding somewhere to have breakfast, normally easy in any American city, involves a long hunt. ‘God bless Detroit’, says one billboard, just beside another offering the alternative solution: liquor.

Our politicians insisted that globalism would not result in a "giant sucking sound" as millions of jobs left America.

But that is exactly what has happened.

Sadly, most American families still don't understand what has happened. Most of them are still waiting for things to get back to "normal".

Millions of unemployed Americans are dealing with incredible amounts of stress right now as they wait for jobs to start opening up again. But the jobs that have been shipped overseas are not coming back. In a globalized economy, it doesn't make sense to hire American workers when you can legally pay workers slave labor wages on the other side of the globe.

Millions of good middle class jobs have been replaced by low paying service jobs. Today there are huge numbers of Americans that are cutting hair or flipping burgers because that is all they can get right now.

Many others are only able to survive because of the safety net. One reader named David recently left a comment in which he shared his story. David did everything that the system asked him to do, but the promised rewards never materialized. Now David is broke, unemployed and he feels deeply frustrated....

A year ago I had a job, we were struggling, but bills were getting paid, and somehow we were getting by. Then I made the mistake of getting sick, one day before my company insurance kicked in. An auto-immune illness almost killed me, if it weren’t for the amazing efforts of my physicians and an emergency spleenectomy, I would not be here.

My wife would have been a single mother,raising two young sons, one of which is autistic. Instead, I pulled through. The disease damaged my liver, leaving me with a chronic condition, and even after a year, it is hard to get up and go some days. My “employer” dumped me as soon as I left the hospital, and I haven’t worked since. It isn’t for lack of looking. There just isn’t anything.

Oh, I get my government cheese money. Here I am college educated, unable to find something that can pay the bills better than the money that we get from the government. It sickens me to be this dependent on the system like this. But the system de-incentivizes work, and makes living on the dole make a perverse economic sense.

I used to have dreams, but I have given up on them. My wife and I have no savings, we have no life raft and if it weren’t for the generosity of her parents and mine, things would have ground to a halt a long time ago.

I believed every thing adults told me. Work hard, I did. Get an education, I did. Find a nice girl and settle down, I did. Two cars, a dog, a cat and couple of kids, a nice townhouse…the american dream. Yep.

I love my country. My heart is broken, broken because I have been betrayed. I did what you asked, I played by the rules. I did what you said to do; I submitted, I conformed, I stopped dreaming. Now what?

I am willing to pay for my faults and transgressions; my failures are my own, I get that. My children should not have to suffer for my failures, they did not do anything wrong. My youngest boy is autistic, we hope he will be able to integrate into society, but the fact is we may have to take care of him for the rest of his life. How do I do this with nothing, and no opportunity in the foreseeable future?

Depression, stress…yep, I’ve got all that. I used to be hopeful and optimistic about the future. Now all I am is afraid.
As the United States continues to bleed good jobs, stories like the one you just read are going to become much more common.

So what are our politicians doing about all of this?

They tell us that we need even more "free trade"!

Barack Obama says that we need more free trade.

The Republicans say that we need more free trade.

In Washington D.C. our politicians do not agree on much, but one thing they do agree on is that we need to keep shipping jobs out of the country.

Until the American people wake up and start demanding an end to the globalization of the U.S. economy, the job losses are just going to continue to get worse.

------------------------
http://theeconomiccollapseblog.com/archives/ge-ceo-jeffrey-immelt-
the-head-of-obamas-jobs-council-is-moving-jobs-and-economic-
infrastructure-to-china-at-a-blistering-pace

The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000. If this trend continues, millions more Americans will soon be surviving on food stamps or living in tent cities.

The American people are deeply concerned about the economy, but they still have not connected the dots on these issues. The mainstream media and most of our politicians keep telling them that the globalization of the economy is a wonderful thing.

It is so sad that people just do not understand what is going on right in front of their eyes.

Whether you are a conservative or a liberal or a libertarian, you should be against the deindustrialization of America.

Allowing our industrial base to be raped is not a good thing.

Allowing big corporations and foreign governments to pay slave labor wages to workers on the other side of the globe making things that will be sold inside the United States is not a good thing.

Allowing the destruction of our industrial capacity to threaten our national security is not a good thing.

Allowing millions of precious jobs to leave the country is not a good thing.

The biggest corporations are making some extra profits by exploiting cheap labor on the other side of the globe. Corporate executives love to shower themselves with larger and larger bonuses.

But our current trade policies are not working for American workers.

We need "fair trade", not "free trade".

The United States is being taken advantage of, and the Democrats and the Republicans are both laying down like doormats and letting it happen.

If you want to know where all the good jobs went, it is not a big mystery.

They have been shipped out of the country and they are not coming back.

Unless fundamental changes are made, things are going to get worse and worse and worse for American workers.

So what is going to happen next?

It is up to you America.



To write a comment you need to be registered

08-13-2011 7:49 am - Comment by johnw
So 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.

Jerry Moran - Scarsdale










08-18-2011 7:25 am - Comment by johnw
After reading the press conference I understood that it is only the headquaters moving not the whole plant.

"The move involves LeGrand ( vice president and general manager of GE Healthcare Global X-Ray) and a handful of her top managers. In an interview, she said they will add other people to the team as they expand in China, but no jobs will be lost."

This has been in the making long before Obama.

"Over the past two decades, GE Healthcare China has focused on the high-end market in cities such as Shanghai, Beijing and Guangzhou and selling to large hospitals. Now they also intend to focus on the primary care sector in poorer parts of the country, including rural areas, Duan (Rachel Duan, president and CEO of GE Healthcare China) said."

"It is moving its X-ray global headquarters from the United States to Beijing as it seeks to tap China and other emerging markets."

People do the reseach or read the whole article before making judgements...

Char





09-30-2011 1:14 am - Comment by Galady40
A lot more American's are connecting the dots. The housing boom (bubble) had employed a lot of the displaced workers from the manufacturing sector. Manufacturing companies, especially the large ones, usually paid well. They supported communities, businesses, services, and taxes, fees, collected by all sectors of government. Ciities large and small were often built around them. We were a strong country, the wealthiest. We had our ups and downs but no matter what we would we always needed goods. Ideas, factories, materials, goods, advertising, wholesale, retail, to consumers. The manufacturing machine employed white collar and blue collar workers. Workers plus paychecks equals consumers and tax payers. Consumer's paychecks supported small and big businesses. We made the stuff that filled our homes. The global free trade market has ruined us. It doesn't take a genius to figure out when our decline began. You'll here , 1994, 1995, 2000, and 2001, over and over. Those are the years that some mark as the beginning and going at full speed decline starting markers. Those are the USA entry into the WTO, NAFTA and CHINA Trade agreements and when China joined the WTO, September 16, 2001. There was some offshoring before that but very little as China was in the midst of two communist ideologies. We had some imports coming in. But we had never let a foreign entity like the WTO in Swizerland tell us what we could or could not do or charge. We never said its okay move all these US companies abroad, no charge, use slave labor in communist countries, and bring your goods back over and we wont charge you a dime to get in here. We'll make sure that big boxmarts sell your goods. Don't worry about competition from the manufactures here. They got two choices, go abroad or go under. Big Boxmart you can buy more for cheaper price so all those little guys will go under too. They pay for imports and money comes back to us. It has limited our choices and stolen our wealth. It has broken the machine. It blows my mind people say we don't want government messing with free markets. They did. It has hurt every sector of our economy. Unless your a warehouse for imports. Walmart and service jobs are not enough to pay the bills. This outsourcing to other countries like India is just another knife in us. We've been destroyed from the inside. We watch some of the dumbest remarks come out of Economist and elected officials mouth. They just ignore it. Sign another trade agreement. Trade deal means a few import companies will prosper and even more US companies are going to sink or go abroad. Wages are lower and I guess the traders think its fine if Made in China is cheap. Its not. Lifes not better, people are poorer. Entire sectors of our economy are gone. The filthy rich got richer and now there is talk of taxing the upper middle class to moderate wealthy to pay for temporary stimulus jobs. Poor and middle class (what's left of it) are stuck. I have even heard it said, maybe if they will pay attention now that their pocketbooks are hit. But it's so much bigger than that bracket. Small business cannot be expected to create millions of jobs, we need those manufacturing giants back. Loosen some regulations, repeal obamacare or have an opt out, and fix the trade. Stop all this trade agreements with slave labor, and give companies a chance to make it within American shores. Support the country, we can't support the world! You think it makes American's smile when they here Chinas got this, doing that, going to exceed us soon, WITH OUR JOBS and our Walmart purchases! It upsets us when we hear blame it on war, unions ,the divorce rate, wallstreet, GM, foreclosures, lazy people, We know better. Poverty level jobs that qualify you for food stamps and medicaid. The best attack lines of all the trade defecit and borrowing money from China to keep us going. Green Made in China containers littering empty factory and old shopping mall parking lots. From sea to shining sea. Connecting the dots is obvious to American's.. Getting the media or our elected officials to talk about it, well, is like an act of congress. I don't know where the get their figures from we've lost millions more than they admit!