GE AND OBAMA - JOBS TO CHINA ENGINEERED BY OBAMA'S 'JOBS CZAR'

Submitted by: Kurt J Fitsch

General Electric   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 employees more people overseas than it does in the united States.