Is GE moving their X-ray business from Wisconsin to Beijing?

A letter from a reader in my local newspaper, the Antelope Valley Press, has suggested just that. His letter states that Jeff Immelt the CEO of GE, sheltered $14.2 billion in profits from loopholes in taxes last year, after Obama had appointed him as his jobs czar, and He then announced that he is moving their X-ray business from Wisconsin to Beijing.

http://caffertyfile.blogs.cnn.com/2011/07/27/ge-moving-x-ray-business-to-china-what-message-is-sent-to-u-s/
GE moving X-ray business to China. What message is sent to U.S.?
Posted: 05:43 PM ET

FROM CNN's Jack Cafferty:

Here is more evidence of the suicide mission this country is on: General Electric announced it's moving its 115-year-old X-ray business from Waukesha, Wisconsin to Beijing, China.

The X-ray business is part of General Electric's GE Healthcare unit, and this move is just part of a broader plan by GE to invest $2 billion in China.

This will become the first GE business to be headquartered there. A handful of the unit's top executives will be transferred to China but otherwise, the company says, none of the 150 staffers in the Milwaukee-area facility will lose jobs or be transferred. However, GE plans to hire more than 65 engineers and a support staff at a new facility in China.

It's the kind of news that makes you want to reach for something sharp and jab it in your eye. General Electric's Chief Executive, Jeffrey Immelt, is one of President Obama's advisers on… ready? U.S. job creation!

Wisconsin is POEN for business.

We need tariffs and taxes on all the off-shoring corporations. High taxes and tariffs.

I mean they just have to be.....right? Right?

:sarcasm:

500 million for innovation and research. The oligarchs are hearting Waukesha for the Prosser win.

is Obama's job person. Shrug. GE paid no taxes on 5.1 billion profits. We are merely pawns in a massive bilking system.

you can see where the politicians' heads are.