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But GE is far from alone in shipping jobs and economic infrastructure out of the United States. For example, big automakers such as Ford are being very aggressive in China. Ford is currently "building three factories in Chongqing as part of $1.6 billion investment that also includes another plant in Nanchang".
Today, China accounts for approximately one out of every four vehicles sold worldwide. The big automakers consider the future to be in China.
Just a few decades ago, China was an economic joke and the U.S. economy was absolutely unparalleled.
But disastrous trade policies have opened up the door for a mammoth transfer of jobs, factories and wealth from the United States to China.
China has become an absolute powerhouse and America is rapidly declining.
Beautiful new infrastructure is going up all over China even as U.S. infrastructure rots and decays right in front of our eyes.
You can see some amazing pictures of the stunning economic development that has been going on in China here, here, here and here.
America is being deindustrialized at lightning speed and very few of our politicians seem to care.
Back in 1979, there were 19.5 million manufacturing jobs in the United States.
Today, there are 11.6 million.
That represents a decline of 40 percent during a time period when our overall population experienced tremendous growth.
We used to have the greatest manufacturing cities on the entire globe. The rest of the world was in awe of us.
Today, most of those formerly great manufacturing cities are decaying, rotting hellholes.
Read more: www.benzinga.com...
Originally posted by Crapspackle
reply to post by jibeho
What does Obama have to do with this, specifically?
Originally posted by SourGrapes
Originally posted by Crapspackle
reply to post by jibeho
What does Obama have to do with this, specifically?
GE's CEO is Obama's Job Czar, which some people think is quite ironic. Job Czar send jobs overseas? lol
Originally posted by kro32
reply to post by Crapspackle
I agree the rate needs to be raised but I blame the people that allow the tax code to be how it is and not those that use it to their advantage.
Originally posted by Crapspackle
Originally posted by SourGrapes
Originally posted by Crapspackle
reply to post by jibeho
What does Obama have to do with this, specifically?
GE's CEO is Obama's Job Czar, which some people think is quite ironic. Job Czar send jobs overseas? lol
That does not actually answer the question though. It just tells me what you think is ironic.