Recently, IHateTheMedia.com wrote about Obama crony and General Electric CEO Jeff Immelt telling a US jobs summit that businesses needed to stop blaming the government for unemployment and take the lead on job creation. Like the conman president he sucks up to, Immelt is a “Do as I say not as I do” kind of guy.
The Wall Street Journal explains:
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 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…
GE said it doesn’t expect the move to result in any job losses in the U.S., where the unit has been based in Waukesha, Wis. The Wisconsin X-ray division has 120 employees. The company also said it is too early to say how many employees it will hire for the unit’s new Beijing headquarters.
Translation: “Doesn’t expect any job losses” is bureaucrat-ese for “Kiss those U.S. jobs good-bye.”
“Too early to say how many employees it will hire” means “You’ll be pissed when you find out how many.”
We respect GE’s right to conduct its business as it sees fit. We do resent the company castigating others for our unemployment problem, a problem GE itself is busy exacerbating, in order to deflect blame from the bonehead whose economic policies did most of the damage.
– Written by Bonfire of the Absurdities
Source: Wall Street Journal