GE’s Big Profits Beefing Up Other Countries: Less Confidence in US Investing

General Electric (GE) is using it’s huge non-U.S. profits to invest in other countries. Six other corporations, including Intel, are doing the same. All seven sit on Obama’s advisory council for jobs and competitiveness. Robert Reich says it’s a “sure signal” they are “betting less on America.”

About On the North River

Forty years toiled in the Tel-com industry, married for 36 years widowed at sixty-one. New girlfriend at sixty-five. Tea Party supporter. Today a follower of the God-Emperor Donald. Do like to kayak, cook, take photos, bike, watch old movies and read.
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