1OldGeezer

Patty;
Here is a little info on GE CEO Immelt so you will know;

Jeffrey Immelt, the head of BARRACK OBAMA's highly touted "Jobs Council", is moving even more GE infrastructure to China. GE makes more medical-imaging machines than anyone else in the world, and now GE has announced that it "is moving the headquarters of its 115-year-old X-ray business to Beijing". Apparently, this is all part of a "plan to invest about $2 billion across China" over the next few years. But moving core pieces of its business overseas is nothing new for GE. Under Immelt, GE has shipped tens of thousands of good jobs out of the United States. Perhaps GE should change its slogan to "Imagination At Work (In China)". If the very people that have been entrusted with solving the unemployment crisis are shipping jobs out of the country, what hope is there that things are going to turn around any time soon?

Could the Federal government be more to blame than the companies themselves for the movement of jobs overseas?

Sound like you want more government involvement rather than less, even to the point of setting wages for company CEO's. (Don't you just h**e those greedy companies who try to make a profit for their shareholders and try to stay in business in spite of all the government regulations and high taxes???)

Patty, hope you are not trying to think with your emotions instead of your brain..
1oldgeezer

Patty

P****r is a publically owned company and listed on the New York Stock exchange.
"PFE - P****r Inc. (NYSE)"

joe1941

Only very poorly educated people believe that taxing corporations is a good idea, they don't understand that tax money comes out of their pocket.

Patty

Of course you cant have a macro economy without regulations. The regulations are being bought off by the big corps. The ine******y of the CEO's to the workers has never been a bigger gap since right before the crash in the 20's. It will crash the same way it did then. When you take away the ability of your customers to purchase your product you have effectively shot yourself in the foot.

Constitutional libertarian Loc: St Croix National Scenic River Way

Are we talking taking us profits and moving the money off shore or profits made us companies by off shore sales. These are 2 very different things one paramount to our economy and the other a socialist country tax evasion.

We can fix the tax evasion by lowering our corp tax rate to a more world competitive rate.

hprinze Loc: Central Florida

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The purpose of a for profit corporation is to make a profit for the owners. The owners are the stockholders. A lot of stock is owned by those who whine the loudest about corporations buying from foreign markets. Like labor unions for example. I believe the whiners should be whining about the government and union activities that drive business offshore, instead of about those corporations that have a choice of buying foreign or going broke.

It is the duty of the officers and directors to operate rhe company so that it makes a profit. The governments, federal, state, county, and city, have made it almost impossible for a domestic company to even stay in business, much less make a profit, in the U.S. If the officers and directors fail to do wh**ever it takes to be profitable, they are derelict in their duties.

Patty

The chart shows profits made and kept off shore. I was saying that the companies who manufacture offshore and bring them back here for profit should have to pay a higher import tax as foreign owned companies. Why should Wall Street be rewarded for being t*****rs.

bdh1863q

Salary caps, bonus caps, are like price controls. They don't work and are not areas the Govt should be meddling in. They have their hands in too many things already.

Constitutional libertarian Loc: St Croix National Scenic River Way

T*****rs ???

They are in business to make a profit it's their company their money their life's at stake not your not mine unless we own stock in them. It is our gov that is the t*****rs for not creating a labor, regulatory and taxation environment that allows them to be competitive in a world economy.

I for years only invested in socially conscious companies and my portfolio went no where's. But you do have choices to either buy from them or not, but for me I have to take care of my family and that means investing in profitable companies because I refuse to depend on the gov to take care of me.

Patty

You are taking what I am saying completely out of context. I am talking about the companies who took away Americans jobs by offshoring when they were making a profit here. Do you really think any of the banks that we bailed out should have been allowed to use that bail out money to send all those jobs over to India and fire 100,000's of American tax payers whos tax money they used to get out of the mess they were in.?
The list of banks that outsourced after TARP is enormous if you would google it.
http://www.motherjones.com/politics/2012/05/bank-of-america-outsourcing-call-center-philippines

bdh1863q

There never should have been a bail out. This is what most conservatives have been saying all along. You people want the bail outs but never consider the consequences. Big govt lovers fail to realize that the bail outs are as much for the politicians who give them as it is for the corporations.

Patty

"You people " easyyyyy, we're on the same side. :lol:

Constitutional libertarian Loc: St Croix National Scenic River Way

The last mn republican senator lost his seat because his constituents were pissed that he v**ed to bail out the banks. If your stupid and make stupid business decisions then you deserve to be purchased by more prudent investors.

Too big to fail, BS !!!

hprinze Loc: Central Florida

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hprinze Loc: Central Florida

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The Obama bailout of GM and Chrysler was for one purpose - to benefit the union.
If the government had not meddled those companies would have filed chapter 11 and reorganized without the lethal chokehold the unions had on them. If they had filed chapter 11 the union contracts would have been voided.

As it is the Obama administration has pretty much given the companies to the unions. It is a matter of time until the unions screw the companies up so much that they will be beyond bailing out. Then the government will nationalize (confiscate) them and the taxpayers will again be the losers.