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06-28-2009, 05:50 AM
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Things that can't go on forever, don't.
Status:
"the buck stops somewhere over there"
(set 9 days ago)
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Join Date: Jan 2007
6,457 posts, read 2,155,510 times
Reputation: 1610
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of course the head of GE will say that! GE is a prime beneficiary of cap and trade. that is why they are promoting it so vociferously.Over the last five years, the GE share price has languished. GE leadership is betting on risky technologies that have failed to inspire the market and is now looking for the federal government to impose a regulatory system that would strengthen its hand in the marketplace. Focusing on favors from the federal government is no substitute for sound business practices.
a cap and trade system would reduce economic growth, raise energy prices, and restrict manufacturing, BUT IT WOULD CERTAINLY HELP GE.
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06-28-2009, 06:18 PM
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Senior Member
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Join Date: Jun 2008
638 posts, read 327,198 times
Reputation: 322
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GE has been instrumental in the hollowing out of America. Now they are the cheerleaders for re-industrializing? These were the people that willingly transferred technology to China. I have zero respect for GE, Immelt, Welch, or any of the rest. Remember the spawn of GE is Nardelli, McInerney at Boeing, and countless other corporate hacks. They have been been destroying the industrial heart of America for years.
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06-28-2009, 10:10 PM
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Senior Member
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Join Date: Mar 2009
Location: Currently Nomadic
2,813 posts, read 830,198 times
Reputation: 646
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Why are people so fixated on manufacturing? Manufacturing jobs are going to die regardless.
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06-29-2009, 05:58 AM
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does not swim unless there's a waterpark involved
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Join Date: Mar 2008
Location: Seattle -> San Antonio
2,426 posts, read 1,394,953 times
Reputation: 796
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Quote:
Originally Posted by chuck22b
GE Ceo Immelt calls for 20% employment in US Industrial Sector, and a revival of American manufacturing, engineering, and exports.
GE's CEO calls for American manufacturing rebirth: Associated Press Business News - MSN Money
Is this for Real? Would GE actually have enough sway to start a trend? Or is this political and marketing posturing inline with refocusing GE with its' industrial units vs. financial units.
Regardless, GE is a major player in the industrial market and is willing to spend on new facilities in battered Michigan which is a plus in my book.
-chuck22b |
With cap and trade looming on the horizon, I wouldn't count on it happening. The last thing we need is to make it more expensive to operate in this country, if a manufacturing sector recovery is what people want. |
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