Monday, September 26, 2011

Democrats miserable track record on keeping and creating jobs.

Many years ago, when I used to work for Pan American World Airways, my employer was having the first of their many struggles with diminished revenue and was considering moving their headquarters from New York City. Pan Am hired a well known consulting firm to prepare a report on how best to relocate to another city. The same day that story hit the front pages of the New York newspapers, I happened to notice a much smaller story in the business section that announced that Democrat John Lindsay, then Mayor of New York City, had appointed a consulting company to bring new jobs into New York City. It was the same consulting firm hired by Pan Am to plan a move out of New York City.
Democrats never change and Democrats never learn from their mistakes.
The financial newspaper Bloomberg news, owned by current NYC Mayor Michael Bloomberg, ran a story in January about another Democrat, Barack Hussein Obama's newly appointed head of the President's Council on Jobs and Competitiveness.
Obama Asks GE's Immelt to Head Economic Advisory Panel, Replacing Volcker 
President Barack Obama named Jeffrey Immelt, General Electric Co.’s chief executive officer, to head his outside panel of economic advisers, replacing former Federal Reserve Chairman Paul Volcker.
In announcing Immelt’s appointment to take the helm of the newly renamed President’s Council on Jobs and Competitiveness, Obama said the economy is “in a different place” from where it was during the financial crisis when Volcker was brought on, and new ideas are needed to keep the momentum going.
“The past two years was about moving our economy back from the brink,” Obama said alongside Immelt during an event in Schenectady, New York, home to the birthplace of GE’s energy business. “Our job now is putting our economy into overdrive.”
He said Immelt “understands what it takes for America to compete in the global economy.”
As head of the world’s biggest maker of jet engines, medical-imaging equipment and power-plant turbines, Immelt gives the White House a corporate heavyweight to help burnish Obama’s pro-business credentials. Immelt, 54, GE’s CEO since 2001, is an original member of the panel, which was formed as the President’s Economic Recovery Advisory Board in February 2009.
On July 26, 2011, the Wall Street Journal ran this story about General Electric moving its entire medical-imaging division out of the United States - to China. The same GE division that was acknowledged in the Bloomberg news report.
BEIJING—General Electric Co. said it is moving its X-ray business headquarters to China to accelerate sales in the country's fast-growing health-care market, the latest sign of China's growing importance to the giant U.S. conglomerate.
The X-ray unit will be the company's first business to be based in China.
The business has already begun the move—which includes the unit's chief executive and three other members of its executive team—and expects to complete the process by year end, said Anne LeGrand, vice president and general manager of GE Healthcare Global X-Ray. The senior leadership team's move to Beijing is aimed in part ...
Today I got the following in an email from a friend. 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. Barack Hussein Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). Immelt is supposed to help create jobs. I guess Obama 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. (on this blog the words "president" and "Obama" are never written in the same sentence)
This job creation bill that Obama is traveling around the country trying to promote is really a campaign trip trying to get him reelected.


1 comment:

  1. Government never has and never will "create jobs." At best, governments create dependence upon government.

    Great read here, Oldironsides. Found you through Harnox's blog.


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