60 Minutes - GE CEO Jeff Immelt, The Overseas Job Czar

CBS Video - Jeff Immelt with Lesley Stahl - Oct. 9, 2011

Can General Electric Chairman Jeffrey Immelt, whose company has been racking up big profits overseas, help create jobs in America?  Lesley Stahl interviews the man President Obama chose to lead the crucial quest for more American jobs.

• Read the transcript at CBS

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Comments

[DailyBail]

http://dailybail.com/home/brian-williams-nbc-news-stay-mum-on-ges-0-tax-bill.html

Brian Williams, NBC News Stay Mum On GE’s $0 Tax Bill

[robertsgt40]

I think Imment was appointed "job czar" to make the exodus of jobs more effecient

[Dave Diesel]

When and only when, the bulk of the American public demands the government and all the politicians answer ,
The question of How and when are you going to create the conditions for and or Private sector sustainable jobs and businesses right now?,which you destroyed.And not 14== months from now. Until that becomes the Mantra question, that
all the protesters should also be asking, Not a damn thing will ever get better. That one question will will destroy the Matrix
and expose the lie of omission. Go for It now.

[Something Polish]

Word:

http://krugman.blogs.nytimes.com/2011/10/11/intellectual-styles-of-the-rich-and-clueless/

"Also, GE isn’t in any important sense an “American” company. More than half its employees are overseas. I’m sure Immelt would claim that this is just what he needs to do to compete; but in that case, he can’t have it both ways and also demand that we cheer for GE as an American champion.

Awesome cluelessness. And this is the head of a job-creation task force in a Democratic administration?"

Good graph there too.

[DailyBail]

Good stuff, thanks polish.

[john]

GE, I wonder what happened here.

Hawker-Beechcraft Denied Big Air Force Contract in Favor of Brazilian Company With Soros Connections

http://thespeechatimeforchoosing.wordpress.com/2011/11/22/hawker-beechcraft-denied-big-air-force-contract-in-favor-of-brazilian-company-with-soros-connections/


Now for the part about GE.....

http://www.embraer.com/en-US/ImprensaEventos/Press-releases/noticias/Pages/EMBRAER-E-GECAS-FECHAM-CONTRATO-PARA-MAIS-SEIS-EJETS.aspx

http://online.wsj.com/article/BT-CO-20111111-711022.html


http://www.embraer.com/en-US/ImprensaEventos/Press-releases/noticias/Pages/EMBRAER-E-GE-CONCLUEM-TESTES-COM-BIOCOMBUSTIVEL-PARA-JATOS-COM-SUCESSO.aspx

[John]

Donors, Bundlers, and Obama Allies Secure $1 Billion in Loans, Export Jobs to Finland

http://wetheconservatives.com/donors-bundlers-and-obama-allies-secure-1-billion-in-loans-export-jobs-to-finland/

Flashback:

Gore-Backed Car Firm Gets Large U.S. Loan

http://online.wsj.com/article/SB125383160812639013.html

[snip]

WASHINGTON -- A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.

[john]

GE profit from continuing operations up 2.5 percent

http://www.reuters.com/article/2012/07/20/us-ge-results-idUSBRE86J0FE20120720

[john]

Federal aid request: Wilton call center laid off 92, moved jobs to Philippines

http://bangordailynews.com/2014/01/16/business/federal-aid-request-wilton-call-center-laid-off-92-moved-jobs-to-philippines/?ref=BusinessBox

WILTON, Maine — When Sykes Enterprises Inc. announced late last year that it was closing its Wilton call center, it didn’t give any reasons or release details about the number of workers that would be affected.

However, those details were revealed recently in a federal petition for job retraining assistance filed by a state labor official on behalf of the former Sykes employees who lost their jobs.

Sykes Enterprises laid off 92 people on Nov. 30, 2013, according to the petition. The reason given for the layoffs was that the company moved the jobs to its site in Manila, Philippines.

The petition asks that the former Sykes workers be made eligible for Trade Adjustment Assistance, which is a federal program that provides job retraining and employment assistance to workers who lose their jobs because of foreign competition.

[john]

http://maggionews.com/general-electric-plans-to-close-5-service-shops-across-the-country/

[john]

EX-IM Bank (a conduit for corp welfare) had it's charter expire recently.

http://thetandd.com/news/opinion/ex-im-has-expired-now-what/article_5ca24863-6351-59b1-97a3-350bbd74ee3b.html


Here are the guys that thrive on welfare.


Boeing and GE — the top two recipients of Ex-Im Bank subsidies — were the top spenders on lobbying

http://www.washingtonexaminer.com/article/2568765



Now they're back.

http://www.nytimes.com/2015/07/27/business/senate-resurrection-of-export-import-bank-goes-to-divided-house.html?_r=0