https://www.washingtonpost.com/opinions/...story.html
The trouble with the far left of the democratic party, in my opinion, is that when they attack "big business" and "corporations" and "wall street," they are only demonstrating their ignorance of how our economic system works to create jobs and support everyone in the USA.
Some key parts of the editorial:
=================================
"We at GE were interested to read comments Monday by Sen. Bernie Sanders (I-Vt.), who
told the New York Daily News editorial board that GE is among the companies that are supposedly “destroying the moral fabric” of America."
"GE has been in business for 124 years, and we’ve never been a big hit with socialists. We create wealth and jobs, instead of just calling for them in speeches. We take risks, invest, innovate and produce in ways that today sustain 125,000 U.S. jobs."
"Sanders says that he is upset about GE’s operations abroad — as though a company that has customers in more than 180 countries should have no presence in any of them. He never mentions that we are one of the United States’ prime exporters, annually selling in excess of $20 billion worth of American-made goods to the world. Nor does he mention that our sales around the world support our manufacturing base here at home, along with the thousands of U.S. companies in our supply chain. You want to cause big problems for our suppliers — many of whom are small and medium-size businesses — and their workers? The surest way would be to pull out of those countries and lose those customers."
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I totally agree with all this.
A company like GE who has a global presence shouldn't have to apologize for having jobs outside the US.
Quote:A company like GE who has a global presence shouldn't have to apologize for having jobs outside the US.
Sure doesn't sound like they intend to.
I like the points made in the article. What he neglects to mention is that GE is now a fictitious company. Its run by an tuber lefty that bet so hard on Mbs and wrote so many credit default swaps the government had to step in and write a huge check. This proves my therom that Bernie serves as cover for the real far left to make them look mainstream.
Quote:Sure doesn't sound like they intend to.
IMO, It is a big difference when a US company is manufacturing goods outside the US only to bring back to the US and sell to Americans vs a company like GE, IBM, etc who have physical offices and presence in other countries.
Quote:IMO, It is a big difference when a US company is manufacturing goods outside the US only to bring back to the US and sell to Americans vs a company like GE, IBM, etc who have physical offices and presence in other countries.
If US companies don't manufacture things in places like China and import them to the US, then French or German companies will. Like it or not, we are in a global competition, and the idea that we would hamstring US companies or penalize them for competing is about the worst idea in the world. We don't live in the 19th century any more. It's the 21st century, and global trade has more pluses than minuses.
The idea that Apple is going to manufacture Iphones in the United States is ludicrous. It would double the cost of Iphones and Samsung would put Apple out of business.
Quote:I like the points made in the article. What he neglects to mention is that he is now a fictitious company. Its run by an tuber lefty that bet so hard on Mbs and wrote so many credit default swaps the government had to step in and write a huge check. This proves my therom that Bernie serves as cover for the real far left to make them look mainstream.
I have no idea what you are saying there.
GE is run by a guy who ran the company into the ground, helped cause the greatest financial Collapse in history and only exists because of bail outs. The big short illustrated it better than I ever could. They supported Obama and support large scale economic intervention.
My point is that crazy Bernies function is just that, to look crazy. He exists to make real far lefties look mainstream.
Quote:My point is that crazy Bernies function is just that, to look crazy. He exists to make real far lefties look mainstream.
Sort of like Donald trump's main function is to make Ted Cruz look reasonable?
Frontrunner... Guy who has no chance... Exactly the same.
Quote:Sort of like Donald trump's main function is to make Ted Cruz look reasonable?
Trump doesn't make Cruz look reasonable. Cruz makes Trump look reasonable. Which is frightening.
Quote:GE is run by a guy who ran the company into the ground, helped cause the greatest financial Collapse in history and only exists because of bail outs. The big short illustrated it better than I ever could. They supported Obama and support large scale economic intervention.
My point is that crazy Bernies function is just that, to look crazy. He exists to make real far lefties look mainstream.
I wish you would have just stopped after the first paragraph. I agree with most of that first paragraph.
The second paragraph, though...
"We create wealth and jobs, instead of just calling for them in speeches."
DAAAAAAAMMMMMNNN
Quote:<a class="bbc_url" href='https://www.washingtonpost.com/opinions/ge-ceo-bernie-sanders-says-were-destroying-the-moral-fabric-of-america-hes-wrong/2016/04/06/8499bc8c-fc23-11e5-80e4-c381214de1a3_story.html'>https://www.washingtonpost.com/opinions/ge-ceo-bernie-sanders-says-were-destroying-the-moral-fabric-of-america-hes-wrong/2016/04/06/8499bc8c-fc23-11e5-80e4-c381214de1a3_story.html</a>
The trouble with the far left of the democratic party, in my opinion, is that when they attack "big business" and "corporations" and "wall street," they are only demonstrating their ignorance of how our economic system works to create jobs and support everyone in the USA.
Some key parts of the editorial:
=================================
"We at GE were interested to read comments Monday by Sen. Bernie Sanders (I-Vt.), who <a class="bbc_url" href='http://www.nydailynews.com/opinion/transcript-bernie-sanders-meets-news-editorial-board-article-1.2588306'>told the New York Daily News</a> editorial board that GE is among the companies that are supposedly “destroying the moral fabric” of America."
"GE has been in business for 124 years, and we’ve never been a big hit with socialists. We create wealth and jobs, instead of just calling for them in speeches. We take risks, invest, innovate and produce in ways that today sustain 125,000 U.S. jobs."
"Sanders says that he is upset about GE’s operations abroad — as though a company that has customers in more than 180 countries should have no presence in any of them. He never mentions that we are one of the United States’ prime exporters, annually selling in excess of $20 billion worth of American-made goods to the world. Nor does he mention that our sales around the world support our manufacturing base here at home, along with the thousands of U.S. companies in our supply chain. You want to cause big problems for our suppliers — many of whom are small and medium-size businesses — and their workers? The surest way would be to pull out of those countries and lose those customers."
==================================
I totally agree with all this.
That was nice of a right wing Washington Post to give Mr. CEO a vehicle to write his own opinion piece.
<a class="bbc_url" href='http://money.cnn.com/2016/04/07/investing/bernie-sanders-ge-destroying-america/'>http://money.cnn.com/2016/04/07/investing/bernie-sanders-ge-destroying-america/</a>
What Sanders was actually talking about^
Quote:That was nice of a right wing Washington Post to give Mr. CEO a vehicle to write his own opinion piece.
<a class="bbc_url" href='http://money.cnn.com/2016/04/07/investing/bernie-sanders-ge-destroying-america/'>http://money.cnn.com/2016/04/07/investing/bernie-sanders-ge-destroying-america/</a>
What Sanders was actually talking about^
You're absolutely right, only the lefties in the newsroom and the boardroom should have access to the printing press.
More importantly, only a lefty could think that screaming about how a company should pay more in taxes would entice that company to stay onshore. It's like you have no understanding of cause and effect.
Quote:"We used to create wealth and jobs, instead of just calling for them in speeches."
DAAAAAAAMMMMMNNN
Based on the article linked by oface, I felt compelled to fix your post, badger.
That tingling sensation you just noticed? That's the Bern you're feeling. :-)
Quote:That was nice of a right wing Washington Post to give Mr. CEO a vehicle to write his own opinion piece.
<a class="bbc_url" href='http://money.cnn.com/2016/04/07/investing/bernie-sanders-ge-destroying-america/'>http://money.cnn.com/2016/04/07/investing/bernie-sanders-ge-destroying-america/</a>
What Sanders was actually talking about^
I don't see anything in that article that has any substance at all. It's just a bunch of rhetoric about how GE is shipping jobs overseas.
GE has a responsibility to its millions of shareholders to make as much money as is legally possible. If that means opening a plant in China, so be it. They're not doing anything illegal or immoral. They are doing what they are supposed to do: make money. If they do anything else, they should be thrown in jail.
And to say they're destroying the moral fabric of the country by opening overseas factories is just complete hogwash.
Quote:I don't see anything in that article that has any substance at all. It's just a bunch of rhetoric about how GE is shipping jobs overseas.
GE has a responsibility to its millions of shareholders to make as much money as is legally possible. If that means opening a plant in China, so be it. They're not doing anything illegal or immoral. They are doing what they are supposed to do: make money. If they do anything else, they should be thrown in jail.
And to say they're destroying the moral fabric of the country by opening overseas factories is just complete hogwash.
Moral posturing from a man who thinks that 31% of the annual income of the population taken by the government through taxation isn't enough is repugnant.
Quote:You're absolutely right, only the lefties in the newsroom and the boardroom should have access to the printing press.
More importantly, only a lefty could think that screaming about how a company should pay more in taxes would entice that company to stay onshore. It's like you have no understanding of cause and effect.
QFT
Quote:I don't see anything in that article that has any substance at all. It's just a bunch of rhetoric about how GE is shipping jobs overseas.
GE has a responsibility to its millions of shareholders to make as much money as is legally possible. If that means opening a plant in China, so be it. They're not doing anything illegal or immoral. They are doing what they are supposed to do: make money. If they do anything else, they should be thrown in jail.
And to say they're destroying the moral fabric of the country by opening overseas factories is just complete hogwash.
GE said they have customers in 180 countries...It only makes sense to have production facilities around the world for logistical purposes
Quote:Moral posturing from a man who thinks that 31% of the annual income of the population taken by the government through taxation isn't enough is repugnant.
Generally I disagree with the majority of your posts, but so far I agree with you on this topic