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 Posted: Mon Oct 10th, 2011 01:45 pm
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Papa Voo



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Okay, here was the former weasel of the week, Jeffrey Immelt, the top guy from GE who sends jobs overseas. 

Watch this video on this link from 60 Minutes last night.

Couple of things came to my mind:

He said 60% of his consumers come from overseas.   Okay, that makes sense since we have no manufacturing in the US anymore.

He calls himself a "complete globalist."

He keeps making his case that he has customers all over the world.  That is nice, but that still does answer the question of why there is a need to move the work.

He wants even bigger tax breaks for corporations.

Wants another tax-free holiday, although the last one did not produce many jobs.

He does not mention how much the wages that GE is paying to workers overseas.

Reducing regs and paying for retraining of workers.  What about those workers from Brazil and other countries....did their govt. retrain them?

They have even moved R & D overseas.




http://www.youtube.com/user/CBSNewsOnline#p/u/10/VZ_3bqHz08A





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 Posted: Tue Oct 11th, 2011 03:37 am
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HBF



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Papa Voo wrote:
Okay, here was the former weasel of the week, Jeffrey Immelt, the top guy from GE who sends jobs overseas. 

Watch this video on this link from 60 Minutes last night.

Couple of things came to my mind:

He said 60% of his consumers come from overseas.   Okay, that makes sense since we have no manufacturing in the US anymore.

He calls himself a "complete globalist."

He keeps making his case that he has customers all over the world.  That is nice, but that still does answer the question of why there is a need to move the work.

He wants even bigger tax breaks for corporations.

Wants another tax-free holiday, although the last one did not produce many jobs.

He does not mention how much the wages that GE is paying to workers overseas.

Reducing regs and paying for retraining of workers.  What about those workers from Brazil and other countries....did their govt. retrain them?

They have even moved R & D overseas.




http://www.youtube.com/user/CBSNewsOnline#p/u/10/VZ_3bqHz08A





Voo, I did a lot of thinking in reading mags on the plane to NJ this weekend and you're right on about the jobs situation.

I'll talk further about this when FFL is not my priority, but that's spot-on.



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 Posted: Tue Oct 11th, 2011 03:58 am
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Papa Voo



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I would like to hear your opinions.

The thing is that this interview seemed a little bit scripted "werked".  She asks some tough questions, but it only seemed logical to follow some of his answers up with more questions. 



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 Posted: Tue Oct 11th, 2011 04:19 am
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mike3775



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Papa Voo wrote: I would like to hear your opinions.

The thing is that this interview seemed a little bit scripted "werked".  She asks some tough questions, but it only seemed logical to follow some of his answers up with more questions. 
I agree.  To many follow ups were ignored for it to not have been known ahead of time and probably insisted on no follow ups to do it.

He keeps making his case that he has customers all over the world

So do other countries and many of them have opened plants in the US to make the trips shorter to the US as well.  Its not about customers, its about the sweatshops.  Just fucking admit it already

He wants even bigger tax breaks for corporations.
Kinda ironic coming from the CEO of a corporation which paid ZERO taxes last year while making Billions.  Yep just what we need, even more corporations paying nothing and owning sweatshops elsewhere

He does not mention how much the wages that GE is paying to workers overseas

Of course not, no company likes to have that information get known.  If these corporations let the rest of the world know that the $500 iPad was assembled by a group of workers whose weekly pay is less than $40(if its even that high in China) and under conditions that make working in a coal mine seem civilized, people may not purchase that $500 product.  These corporations will say they are "outraged" when it leaks, but they somehow don't pull out and relocate either, instead they "claim" that they are demanding they improve conditions, yet they somehow never release that things have changed either(which many know they didn't), and in back door meetings, blast the companies for letting this info get out in the first place. 

They have even moved R & D overseas

I love that shell commercial(I think its shell) where they show that asian guy and gal on a moped and they say they are working in that country to make it better, when in fact, they are working in that country because the environmental laws and regulations are far less stringent than in the US, thats the real reason they are working in that country, they can do way more without any oversight, and if something gets fucked up, a check to the local Govt ends it, just ask Bhopal how well that trick works.

Last edited on Tue Oct 11th, 2011 04:21 am by mike3775

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 Posted: Tue Oct 11th, 2011 04:21 am
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Papa Voo



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mike3775 wrote: Papa Voo wrote: I would like to hear your opinions.

The thing is that this interview seemed a little bit scripted "werked".  She asks some tough questions, but it only seemed logical to follow some of his answers up with more questions. 
I agree.  To many follow ups were ignored for it to not have been known ahead of time and probably insisted on no follow ups to do it.

He keeps making his case that he has customers all over the world

So do other countries and many of them have opened plants in the US to make the trips shorter to the US as well.  Its not about customers, its about the sweatshops.  Just fucking admit it already

He wants even bigger tax breaks for corporations.
Kinda ironic coming from the CEO of a corporation which paid ZERO taxes last year while making Billions.  Yep just what we need, even more corporations paying nothing and owning sweatshops elsewhere

He does not mention how much the wages that GE is paying to workers overseas

Of course not, no company likes to have that information get known.  If these corporations let the rest of the world know that the $500 iPad was assembled by a group of workers whose weekly pay is less than $40(if its even that high in China) and under conditions that make working in a coal mine seem civilized, people may not purchase that $500 product.  These corporations will say they are "outraged" when it leaks, but they somehow don't pull out and relocate either, instead they "claim" that they are demanding they improve conditions, yet they somehow never release that things have changed either(which many know they didn't), and in back door meetings, blast the companies for letting this info get out in the first place. 


I am with you on this one, mike.

The guy is a smooth talker, but he gives off the vibe that he would screw you in a minute.

Last edited on Tue Oct 11th, 2011 04:26 am by Papa Voo



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 Posted: Tue Oct 11th, 2011 12:26 pm
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Famous Mortimer



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While the government is run for the benefit of people like him and not for the benefit of the people, this will keep happening. I know it's against some of your DNA or something, but you have to tax the rich.

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 Posted: Thu Oct 13th, 2011 12:43 am
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HBF



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Voo,
My theory is very much like yours, but I only recently arrived at it. It just seems so simple.

My theory:
We don't manufacture in this country anymore. We are excellent consumers. Those are the two main points.

Companies want to maximize profits and send their jobs overseas to get cheap labor and (at times) a better exchange rate. The US Govt allows a fuckwad like Immelt to do this without repercussions.

My idea: Tax the living fuck out of any company that does this. Make it so that it is almost impossible to do this and come out ahead. I don't know the numbers that would work, but if there's no financial incentive to outsource the process ends.

My mantra: Take care of our own. Charity begins at home. I also believe we don't need to be the world police and want to get the fuck out of all the middle east and keep our money and production as close to home as possible. We buy our own shit.

The fallout: The world bitches. They hate us most of the time anyway so fuck them. I'd rather cut the cunts off that have their hand out and hate us than pay them for doing so.

We started last decade with a 163bb surplus. We have a 16trillion deficit now. Do the math. You cannot have the status quo. Drastic action will produce drastic results.

That's my .02.

Last edited on Thu Oct 13th, 2011 12:44 am by HBF



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 Posted: Thu Oct 13th, 2011 01:18 am
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Papa Voo



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I think your correct, and both parties are infested with policemen and PR mouthpieces to make sure that "Fair Trade" never becomes a reality. 

The arrogance of Immelt is disgusting..."I'm a complete globalist."  You are globalist, because you want the ability to keep finding people wot work for low non-competitive earnings, not worry about pensions, etc.  Look at the clip when they show the new modern town in Brazil and they regard that as an investment for Brazil.  Sure, these people will buy some products from Brazil for awhile, but they will eventually pull out of there and look for the next country to extract cheap labor.   It looked like a guarded plantation sectioning off the have's from the have-not's.  

On top of the cheap labor, they bullshit their way through with some false hope that if the corporate taxes were just lower in the U.S. then we would see more jobs.....not unless the American worker is willing to have minimal earnings.  These wages would come with 401k plans or whatever else instrument they come up with to suck more money from the workers and retirees and there is no guarantee that these plans go belly up 10, 15, 20 years down the road. 

Immelt makes it sound like that he needs to have low wages and lowered corp. taxes to be competitive.....maybe, but at what expense to the workers who are helping you turn your profit, be it a huge profit or a small profit?

I think this interview was very telling, and it shows the mindsets that we as a nation we are dealing with.  He made sure he wanted everybody to know that he is a proud American, but not if it comes in between him and his profit margin. 

Last edited on Thu Oct 13th, 2011 01:19 am by Papa Voo



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 Posted: Thu Oct 13th, 2011 02:35 am
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HBF



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The irony of the economy of our nation is that the smartest of us are now non-partisan in our views.

The political parties have both proven to be complete jokes. To them, it's so much less about what is actually GOOD FOR THE COUNTRY than what is good for the party.



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 Posted: Thu Oct 13th, 2011 03:00 am
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Papa Voo



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HBF wrote: The irony of the economy of our nation is that the smartest of us are now non-partisan in our views.

The political parties have both proven to be complete jokes. To them, it's so much less about what is actually GOOD FOR THE COUNTRY than what is good for their own financial well-being.

Put a little make-up on there for ya.



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 Posted: Thu Oct 13th, 2011 03:18 am
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HBF



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Not arguing that in the least.



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 Posted: Thu Oct 13th, 2011 03:51 am
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mike3775



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HBF wrote:

My idea: Tax the living fuck out of any company that does this. Make it so that it is almost impossible to do this and come out ahead. I don't know the numbers that would work, but if there's no financial incentive to outsource the process ends.
Ia gree with this, but every trade organization in the country and world would say its protectionalist.

Hell remember when the US slapped tariffs on imported tube steel from China in 2003 because they were flooding the US with their cheaply made steel?  The US was fined by the WTO for doing so and ordered to pay China for it, and REMOVE THE FUCKING TARIFFS.

I honestly think its time for the US to become an isolationist country and quit exporting everything and quit importing anything that can be manufactured in the US.  Of course if we were to do this, we would have every trade organization in the world pissed at us, but oh fucking well.

Also we need to get the fuck out of NATO and the UN as well, we have better things to do than be paying over 50% of their budgets and being told to fuck off by Russia and China all the time

Last edited on Thu Oct 13th, 2011 03:51 am by mike3775

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 Posted: Thu Oct 13th, 2011 11:32 am
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HBF



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mike3775 wrote:
HBF wrote:

My idea: Tax the living fuck out of any company that does this. Make it so that it is almost impossible to do this and come out ahead. I don't know the numbers that would work, but if there's no financial incentive to outsource the process ends.
Ia gree with this, but every trade organization in the country and world would say its protectionalist.

Hell remember when the US slapped tariffs on imported tube steel from China in 2003 because they were flooding the US with their cheaply made steel?  The US was fined by the WTO for doing so and ordered to pay China for it, and REMOVE THE FUCKING TARIFFS.

I honestly think its time for the US to become an isolationist country and quit exporting everything and quit importing anything that can be manufactured in the US.  Of course if we were to do this, we would have every trade organization in the world pissed at us, but oh fucking well.

Also we need to get the fuck out of NATO and the UN as well, we have better things to do than be paying over 50% of their budgets and being told to fuck off by Russia and China all the time


This is the thought process I have at this point. We don't owe the world shit.



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 Posted: Thu Oct 13th, 2011 11:36 am
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Never ever happening as long as you have to import stuff like oil. Though a multitude of bilateral agreements would ensure all kind of lols (Oil for weapons ==> angry UN )



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 Posted: Thu Oct 13th, 2011 12:01 pm
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If you think this country can get along by importing and exporting nothing you're crazy. You might as well say goodbye to the standard of living enjoyed in this country.



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