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Thread: GE moving X-ray business to China

  1. #241
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    Re: GE moving X-ray business to China

    Quote Originally Posted by drz-400 View Post
    So you think we should pay more money for the same things because.... why? A small minority of those in America in extreme poverty apparently choose discretionary items before tap water??
    No, because it is better for the whole. We all benefit from having people in town who own and are invest in the community. It's not a hard concept to grasp, so I'm not sure why you're going off so far afield.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by 1Perry View Post
    Boston Scientific Corp. said yesterday that it plans to eliminate 1,200 to 1,400 jobs worldwide during the next 2 1/2 years to free money for new investments, the Natick medical device maker’s second major round of cuts since last year.

    Yesterday’s move, a day after Boston Scientific disclosed it was investing $150 million and hiring 1,000 people in China, raised fears that the company will gradually shift more work to foreign sites with less government oversight and lower costs than the United States.

    Boston Scientific to lay off 1,200-plus - The Boston Globe

    A large swath of the business community opposed the changes, arguing the legislation was too broad and had too many taxes. "This will make us one of the highest-taxed regions in the world, and that's going to have an impact on the appetite for people to invest in medical innovation," said Bill Hawkins, chief executive of Medtronic Inc., which makes medical devices. He said his company could cut at least 1,000 jobs to absorb a new 2.3% excise tax on medical-device makers.

    Landmark Health Bill Goes to Obama's Desk - WSJ.com
    Agan, competitng with countries that have real low wages and UHC. I think I see a pattern, and it really isn't all about taxes.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    it is better for the whole
    it's better for the whole for all of us to be paying more money for the same things?

    It's not a hard concept to grasp
    go on...

    I didn't want to go looking for links
    LOL!

    it's not really about choices

    it's about what's easier

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    Re: GE moving X-ray business to China

    Quote Originally Posted by The Prof View Post
    it's better for the whole for all of us to be paying more money for the same things?


    If it can bring us closer to full employment, yes. Goods are only cheaper in the retail sense right now. When the full cost of society picking up the tab for living expenses and health care for displaced workers is factored in, the "cheaper" goods are much more expensive than the retail price.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by apdst View Post
    We had lots of good oilfield jobs. What happened to them?
    Same place the refineries went. cheaper to operate out of country. No regs, they can pollute, get phillipino's and african nationals to work for dirty in the middle east. But, I thought we got most of our oil from Canada?
    It is better to die on your feet than to live on your knees.
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    Re: GE moving X-ray business to China

    Quote Originally Posted by TBone View Post
    Same place the refineries went. cheaper to operate out of country. No regs, they can pollute, get phillipino's and african nationals to work for dirty in the middle east. But, I thought we got most of our oil from Canada?
    Most oil in the us comes from the us and is refined in the us. Canada perhaps expound 10% of the oil thus uses. In fact the us also exports more refined oil then it imports.imo
    Last edited by Lord Tammerlain; 07-29-11 at 10:28 PM.
    Happy Hanukkah Cheerfull Kwanzaa
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    Re: GE moving X-ray business to China

    Quote Originally Posted by apdst View Post
    How much social security and medicare is GE having to match in China, ya think?
    How much of the crap GE makes do they sell in China? Do they save their money in China? Nope, so who insures their savings or bails out their banks when they decide to f up?

    Who builds the roads, rails, harbors, etc, so GE can truck/ship their crap and sell their crap in the USA?

    Who allows them to operate out of the USA without paying taxes because the conservo's claim by giving tax breaks the create outsources jobs?

    Who pays for the protection of the police and military, so holigans, terrorist, etc. allow to feel and be secured inside our borders?

    Poor GE, they have to pay for their workers social security and medicare? Why don't you feel sorry for the tax payers that goes to work each day and pays his taxes, so GE can get all the above, so they can ship work and profits outside america?

    The tea pitiful party has to quick feeling sorry for the corps and big oil.
    It is better to die on your feet than to live on your knees.
    Emiliano Zapata


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    Re: GE moving X-ray business to China

    Quote Originally Posted by Helix View Post
    When the full cost of society picking up the tab for living expenses and health care for displaced workers is factored in
    all the more need for immediate fundamental reform

    when the full cost is felt, you can see immediately that medicare and medicaid and social security (as well as state and federal pensions) are simply going to disappear by the time our next generation comes to count on em

    we are 61.6 trillion dollars underwater and sinking a fast 5.3T further each year

    there's simply not enough tax revenue conceivable---even in michael moore's most mendacious imaginings---to make em right

    U.S. funding for future promises lags by trillions - USATODAY.com

    it is what it is, like physics

    that is, there's no avoiding

    sorry

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    Re: GE moving X-ray business to China

    Quote Originally Posted by The Prof View Post
    all the more need for immediate fundamental reform

    when the full cost is felt, you can see immediately that medicare and medicaid and social security (as well as state and federal pensions) are simply going to disappear by the time our next generation comes to count on em

    we are 61.6 trillion dollars underwater and sinking a fast 5.3T further each year

    there's simply not enough tax revenue conceivable---even in michael moore's most mendacious imaginings---to make em right

    U.S. funding for future promises lags by trillions - USATODAY.com

    it is what it is, like physics

    that is, there's no avoiding

    sorry
    Also, an out of work middle class does not pay income taxes, increasing the debt.
    This means those with income will have to pay more even with significant spending cuts.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Helix View Post
    This means those with income will have to pay more even with significant spending cuts.
    not this year, not next year, not in this country

    obama CAVED

    enjoy your fantasies

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