Forum Post: GE is the perfect example of corporate greed.
Posted 12 years ago on Oct. 4, 2011, 2:30 p.m. EST by tyc15
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GE made record profit last year but paid no federal tax. GE took bailout from TARP and cheap money from Fed, but didn't create jobs in US. Instead, it is moving jobs from US to overseas. GE is moving its headquarter of X-ray business to China. GE is transferring technology and production of avionics, the “brains” of aircraft, to China in a joint venture with China’s state-owned avionics company.
Sounds pretty smart to me. Let's just watch TV and let it happen - don't worry about it. Maybe a 1%er can make a bundle from selling our military secrets to China - package them together with some more American jobs. Speaking of GE - I think that's how China got their nukes if I remember right....
http://www.popularmechanics.com/technology/military/news/3319656
China has so many operatives in the US that you couldn't even count them. Recently, the largest corporate espionage operation in history got little attention in the news and nothing was done about it. Go to a university and you may think you are actually IN China. Some percent of those students are in the US with a mission to gather unorganized nuggets of intelligence. Just google 'Chinese Spies in America' which may lead you to the modern cold war of capitalism that's going on. We have been collectively dumb enough that at this point China owns us - basically if this were a chess game, we took a nap and woke up in checkmate. Thanks billionaires for selling us out so your profit margin could be 10% higher.
Perfect example of crony socialism. GE gives money to the Democrats and the Democrats shower them with tax payer's money for their "green" programs. Then they get tax breaks from the Dems and thank the taxpayers by moving profits overseas.