Comments on: Immelt on America going “all-in” http://blogs.reuters.com/chrystia-freeland/2011/10/20/immelt-on-america-going-all-in/ Sun, 28 Jul 2013 14:34:09 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: demand_sider http://blogs.reuters.com/chrystia-freeland/2011/10/20/immelt-on-america-going-all-in/#comment-2268 Sun, 13 Nov 2011 08:47:05 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1353#comment-2268 Is Immelt aware of the fact that Japan has a trade surplus with China and the U.S. and it’s current account balance is second only to China? This man needs a serious dose of Eamonn Fingleton, and so do you if you trust Immelt.

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By: slowsmile http://blogs.reuters.com/chrystia-freeland/2011/10/20/immelt-on-america-going-all-in/#comment-2178 Wed, 26 Oct 2011 05:46:11 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1353#comment-2178 I would somewhat disagree with Mr Immelt and his views in this article. For many years there is little doubt that America’s way of doing business, backed by its allies the US Govt and the unforgiving dollar, has always been far more ruthless in its methods and in its outcomes. Add to this that Europeans workers get far more holidays than American workers and that Europe as well as Asia also have to work against The Dollar Advantage regarding the many benefits of being the world reserve currency.

Therefore the European or even the Asian way may be said to be, perhaps, more efficient in their own use of resources available.

Mr immelt insists that America must be “all in” in her business dealings. But this is not really a problem of business methods — but is, instead, both a political as well as a problem arising due to a complete non-appreciation of the global economic approach that hinders American business now. Both have terrible and untrustworthy global reputations, both need fixing and this is nowhere near happening in America yet.

In other words, Mr Immelt is just gassing irrelevant excuses. As well, Immelt and GE would have died a quick death long ago if GE hadn’t moved their manufacturing base to China/Asia. All this guff about the American business way is therefore claptrap because he has been using the Asian model so successfully for a while now — which is the main reason GE has been so successful in recent years.

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By: solomons.abiff http://blogs.reuters.com/chrystia-freeland/2011/10/20/immelt-on-america-going-all-in/#comment-2177 Mon, 24 Oct 2011 12:24:51 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1353#comment-2177 The ones that rule the planet definitely are not all that illuminated with sunshine.

But hey, at least you sound super educated book smart and have decent bank accounts.

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By: OliGo http://blogs.reuters.com/chrystia-freeland/2011/10/20/immelt-on-america-going-all-in/#comment-2176 Mon, 24 Oct 2011 10:03:05 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1353#comment-2176 Emmelt has done very well in a global economy and boasts of its new middle class… not Americans. The countries that are expanding have tight government regulations and minimal human rights. Their success is at our loss because of GE and its counterparts wanting to succeed at all costs, including throwing its American middle class under the bus.

Cheap labor and suffering, condition that our child labor laws ended in American as a great human rights victory, simply do not exist where GE likes to go.

GE would have to give up profit to hire Americans again. They don’t love American enough for that! Not unless America gets a workforce of their world variety that can be exploited. If we don’t, what hope is there that we will compete at the export level?

Regulations in government means tough choices that will affect GE’s ‘global workforce’. Seems like this is a lot of talk, but I doubt GE will make the sacrifices needed to lobby support in America to regulate imports so our remaining consumers could get their jobs back on US land, thus saving our own middle class.

Look at India – which has always tightly regulated what can be imported to protect its workforce and citizens. Did it have a ripple of economic downturn in all this mess? NO

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By: edgyinchina http://blogs.reuters.com/chrystia-freeland/2011/10/20/immelt-on-america-going-all-in/#comment-2175 Mon, 24 Oct 2011 03:23:04 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1353#comment-2175 The need for a ‘healthy debate’ and an ‘adult debate’ is absolutely necessary if America is to survive….

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By: ProfJMDosSantos http://blogs.reuters.com/chrystia-freeland/2011/10/20/immelt-on-america-going-all-in/#comment-2174 Sun, 23 Oct 2011 21:52:01 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1353#comment-2174 Quotation C:

“As I speak to you today, government censors somewhere are working furiously to erase my words from the records of history. But history itself has already condemned these tactics.”

Hillary Clinton (1947-), U.S. Secretary of State

Quotation D:

“I think that we have to be constantly asking ourselves, ‘How do we calculate the risk?’ And sometimes we don’t calculate it correctly; we either overstate it or understate it.”

Hillary Clinton (1947-), U.S. Secretary of State

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By: Quantum2 http://blogs.reuters.com/chrystia-freeland/2011/10/20/immelt-on-america-going-all-in/#comment-2173 Sun, 23 Oct 2011 15:40:55 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1353#comment-2173 While Immelt is at it he should voluntarily pay taxes on GE earnings instead of getting a free ride.

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By: Alphonse81 http://blogs.reuters.com/chrystia-freeland/2011/10/20/immelt-on-america-going-all-in/#comment-2172 Sun, 23 Oct 2011 14:06:53 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1353#comment-2172 This is crass BS. If Immelt is sincere he wouldn’t be traipsing all over the world seeking places where he can build factories and fill them with cheap labor. An export-driven economic recovery? What a bunch of garbage when these multinationals go elsewhere to manufacture their products. Get real. It all boils down to the fact the American worker will have to learn to get by on less BUT will the moguls and upper management go along with the NEW BIG PLAN? The NEW BIG PLAN calls for EVERYONE including Immelt to move forward on a tighter budget including a lower salary. This is what OWS is really about.

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By: Alphonse81 http://blogs.reuters.com/chrystia-freeland/2011/10/20/immelt-on-america-going-all-in/#comment-2171 Sun, 23 Oct 2011 13:51:20 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1353#comment-2171 Is the “way of doing business” in Germany as opaque as it is in the US?

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By: AndyAE http://blogs.reuters.com/chrystia-freeland/2011/10/20/immelt-on-america-going-all-in/#comment-2170 Sun, 23 Oct 2011 11:08:43 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1353#comment-2170 The one person who doesn’t understand the US’ need to get involved and play harder is our own president. He is too busy trying to control economic events via the federal government to notice what is happening outside the boundaries of the US. And he is too busy calling business leaders mean and selfish to even grasp what they are up against.

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