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Edwynn -> RE: GE moving to China (8/21/2011 9:07:02 AM)
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quote:
ORIGINAL: Fellow
Allegedly, large multinationals sit on big pile of cash. It is largely due to Obama administration and the central bank policies to boost them up (bailouts, stimulus, TARP, QE, tax benefits, subsidies etc..). They are also government insiders, they have quite good knowledge how the global outlook for the future looks like. It seems, the general sentiment is the US will fall into long stagnation or depression due to large debt load, income stagnation and poor business climate in general. It is important for the companies to park this cash into something relatively safe. Emerging markets like Asia, South America offer this opportunity.
I think, GE decision to make substantial investment in China is very reasonable.
"Agent of change" (Obama) has done nothing to improve the situation with the US economy. In fact, he has made it much worse. According to the financial analyst Max Kaiser the only pre-election promise Obama kept was to buy his daughter a dog.
Your understanding of things leads me to think that you have it better figured out than some.
Until you report something completely stupid like this.
quote:
In fact, he (Obama) has made it much worse.
Tell us what Obama has done worse than enacting the Gramm-Leach-Bliley Act, the Commodity Futures Trading Act,
$3 trillion bailouts, $6 trillion worth of invasions of other countries, 30 years of deregulation, massive transfer of tax dollars to the wealthiest individuals and corporations, turning former friends into now enemies, ...
The list could go on for a good while, all things occurring or in place long before Obama ever came to office.
The only way one could make it worse beyond this on his own would be to just fire off all the nukes.
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