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

Posted on May 29, 2011 by On the North River

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.”

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About On the North River

Forty years toiled in the Tel-com industry, married for 36 years widowed at sixty-one. Ten years in a relationship with a woman until her death. Was a Tea Party supporter. Today a follower of the Last American President to be honestly elected, Donald J. Trump. Recently had Ancestry.com tell me I'm Swedish, not Danish. I may need to change my avatar.
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