Sarah Palin is right Crony Capitalism alive and well...Look at Barack Obama And GE, no need to look further..

http://www.businessinsider.com/general-electric-x-ray-headquarters-china-2011-07

 Sarah Palin is right Crony Capitalism alive and well...Look at Barack Obama And GE, no need to look further..
Yes Bush did it with Halliburton, now Obama doing it with his buddies.

   

 

We used to call it, "INDUSTRIALATION", but now with total lack of ethics it has become, "POLITICAL & INDUSTRIAL PROSTITUTION!"

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, 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. President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). Immelt is supposed to help create jobs.  I guess the President 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!