Kingwood Underground
the heart and soul of our Kingwood, Texas family
Login - Create Account - Help
Clean out your garage on Kingwood bookoo! Or find local garage sales on Yard Sale Search.com
KU Live!

Obama's job zar is creating job's in CHINA!!!

who's talking here?

whatchamacallit 2
oneyedman 5
TexasOma 1
allday 4
LiveFreeOrDie 3
Mabs 3
Kyobungee 3

     » send to friend     » save in my favorites     » flag dangerous topic flag as a dangerous topic

LiveFreeOrDie --- 7 years ago -

When Obama told us he would have shovel ready jobs he failed to mention that those shovels would be made in china!!


WISCONSIN (BLOOMBERG NEWS) -- 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.



Earlier this month, the company’s CEO and head of the president’s Jobs and Competitiveness Council, Jeffery Immelt, said that American companies have a responsibility to improve the domestic economy by creating jobs and investing in America.

"I think there's nothing wrong with American business leaders helping their own country, particularly at a time like this.”

"Big companies like GE are accountable for where our jobs are," he continued. "If you want to be an admired company, you better know, you better have accountability, and you better think through where the jobs are."

GE’s track record over the past 10 years is abysmal on that count.

Over that time, the company’s U.S. workforce has fallen to 133,000. As a share of the company’s 287,000-strong global workforce, the U.S. market is now just 46 percent.

The company has not only been allowed to outsource tens of thousands of jobs because of America’s failed trade policies, it has increased its profit margin by doing so. America’s trade policies are so bad, they encourage American companies to move jobs overseas where labor is cheap and regulations are non-existent.

Immelt knows this, but has no problem exploiting it in the name of profit. At the same time, he also has no qualms about excoriating others for doing the same thing.

"There's just no example of a great country that has the kind of trade deficits that we have," Immelt told reporters.

"As a national competitiveness, you've got to have some kind of perspective on exporting, and defacto, if you're going to be an exporter, manufacturing jobs are a big part of that."
Perhaps Immelt should practice what he preaches. 

allday --- 7 years ago -

That's what American CEO's do.

That bothers you only now. 

whatchamacallit --- 7 years ago -

Listen up, the King of the World cannot spend all of his time appointing zars to help all the poor tax paying fools here in America, he has to spend some time screwing up the rest of the world, too! You, selfish, bully of an American, you! 

whatchamacallit --- 7 years ago -

That's what American CEO's do.

That bothers you only now.




I would suppose that the BIG DIFFERENCE is that we aren't paying them but we are being forced into paying this idiot. Why is he not doing this same thing here? Oh yea, Obama is more concerned about helping other countries than the US and it might slow down his master plan to completely screw the US to the ground! 

oneyedman --- 7 years ago -

...All part of the plan... Look away now.. nothing to see here... 

allday --- 7 years ago -

...All part of the plan

How long has this plan been in affect?

Because it's been happening for 20 plus years.

What happened to the free market rallying cry of profit at any expense.

You sound like union jacks. 

Kyobungee --- 7 years ago -

Really. A lot of Administration have caused this. Nice to put blinders on and focus in on just this President.
And it is not the Government making them move that to China, GE has determined they need to do it. So how is that The Presidents fault?

More than 3 million manufacturing jobs have disappeared since 1998, and the Economic Policy Institute estimates 59 percent—or 1.78 million—of these jobs have been lost due to the explosion in the U.S. manufacturing trade deficit over the period. 

oneyedman --- 7 years ago -

the free market rallying cry of profit at any expense

Who told you that?
The free market does not have a rallying cry.... We have a secret handshake. 

oneyedman --- 7 years ago -

More than 3 million manufacturing jobs have disappeared since 1998

Care to take a stab as to why that is? 

Kyobungee --- 7 years ago -

Care to take a stab as to why that is?

Well 59% due to the trade deficit, 40% due to high cost of labor, and 1% is Bush's fault 

oneyedman --- 7 years ago -

1% is Bush's fault

lol.. really? just 1%??? 

LiveFreeOrDie --- 7 years ago -

Looks like no one wants goods that are manufactured in the U.S. The funny part is not even the U.S wants them. Why ? Who would like to pay 100-times the price of a product when you can get the same product(way better quality) manufactured in China and shipped(anywhere in the world) to you for a fraction of what it would have cost you if they were manufactured in the U.S.

Looks like U.S can no longer cheat the world by selling products at ridiculous prices just because it comes with a “Made in U.S.A” tag. Nobody is buying that anymore.

New orders for U.S. manufactured goods posted their largest drop in six months in April after a steep fall in demand for transportation equipment, suggesting some cooling in factory activity.

Durable goods orders declined 3.6 percent last month, worse than economists’ expectations for a 2.2 percent fall. March’s orders were revised up to a 4.4 percent rise from a 4.1 percent increase, the Commerce Department said on Wednesday.

All this could actually spell death for the U.S workers cause they might get fired as companies don’t want to keep employees when they do not have any work to do.

Well, the companies will survive by building manufacturing units in China where they can get cheap labor and satisfy the ever growing hunger for more profit.

Looks like finally its the hard-working U.S citizens that bites the dust.




http://www.thfire.com/world/usacanada/all-time-low-demand-for-u-s-manufactured-goods-11985 

TexasOma --- 7 years ago -

1% is Bush's fault




0 

Mabs --- 7 years ago -

I hate to throw this in the pot, but changing technologies also have employment impacts. People can't continue doing the same job year after year thinking their knowledge and education ceiling has been met and 'all is good.' If your receptionist job was taken over by a multi-linguist alien from M31, Andromeda working for three cents a day, one might find themselves having to learn something else.

In addition, our economy isn't the only one suffering GDPs. They're failing in front of our eyes the world over and each has some kind of stake in the other and, lol, concerning export/import and government spending, I'm kinda wondering exactly which economy on this planet is soaring and then why. 

LiveFreeOrDie --- 7 years ago -

I'm kinda wondering exactly which economy on this planet is soaring and then why.


Ummm let's see who could that be.... Oh yea It's CHINA!!!!

The People's Republic of China is the world's second largest economy after the United States. It is the world's fastest-growing major economy, with average growth rates of 10% for the past 30 years. China is also the largest exporter and second largest importer of goods in the world. China became the world's top manufacturer in 2011, surpassing the United States.


Thank you Obama and Jeffery Immelt for making sure this trend continues into 2012.. 

Kyobungee --- 7 years ago -

1% is Bush's fault

lol.. really? just 1%???


I think my dyslexia kicked in, I should have said 40% was Bushes fault....

We all make mistakes ;)  

Mabs --- 7 years ago -

The People's Republic of China is the world's second largest economy after the United States. It is the world's fastest-growing major economy, with average growth rates of 10% for the past 30 years. China is also the largest exporter and second largest importer of goods in the world. China became the world's top manufacturer in 2011, surpassing the United States. 

So then you're completely understanding their current inflation problems, tax hikes, real estate issues, etc. As evidenced, superpowers tend to fold in on themselves. 

oneyedman --- 7 years ago -

I should have said 40% was Bushes fault

Considering your track record on KU, that sounds much more like the partisan Kyobungee we have come to know. 

allday --- 7 years ago -

How about some perspective...

It is true that China’s manufacturing is growing faster than that of the United States. However, there is a key misconception about China’s manufacturing prowess.
In the United States and Europe, the manufacturing industry was created due to technology innovation. In China, the manufacturing industry is being created in response to global demand. Chinese manufacturers take orders from Western companies that have designed products for their home markets. They have no involvement with product development, innovation, market research, and even packaging.

The US has the best universities, the most creativity and innovation and will for the foreseeable future.

Silcone Valley by the way is experiencing some dynamic growth which of course as it always does pour into the Calif and US economy within a few years. 

Mabs --- 7 years ago -

there is a key misconception about China’s manufacturing prowess.

And let's not forget the environment of this manufacturing prowess. Flocks of families are migrating more towards the coastal, manufacturing areas being meagerly paid and morphing into the world's most dense and aging populations. Go China. 

allday --- 7 years ago -

And let's not forget the environment of this manufacturing prowess. Flocks of families are migrating more towards the coastal, manufacturing areas, being meagerly paid and morphing into the world's most dense and aging populations. Go China.

True dat 

page 1
Login to add your comments!

see more discussions about...


Online now:
hit counters

Terms of Service - Privacy Policy - Ice Box

Kingwood Underground