Walsh Trashes Jeffrey Immelt, “Outsourcer-in-Chief of GE,” as Obama Jobs Leader

A press release from Congressman Joe Walsh:

Rep. Joe Walsh Asks Obama to Get Serious About Job Creation

 WASHINGTON- Congressman Joe Walsh (IL-8) sent a letter today to President Obama asking him to replace the General Electric Chairman and CEO Jeffrey Immelt as the head of the Council on Job Creation. Immelt’s position as the head of the Council on Job Creation raises serious questions about the President’s will to get Americans working again.

Walsh stated:

Joe Walsh at the Huntley Area Tea Party Gun Forum.

“With the unemployment rate hovering at 9.1%, we need to create American jobs to get this country running again. Since the President‘s appointment of General Electric CEO Jeffrey Immelt to the Council on Job Creation, GE has paid zero federal income taxes in 2010, moved their medical imaging headquarters to China, and is moving into the Chinese aviation industry . This is a perfect example of why jobs are not being created in America, and why the employment rate continues to sink.

“First, President Obama surrounded himself with academics who have never created a job in their entire life, and then he appoints Jeffrey Immelt, outsourcer-in-chief of GE, to head his Council on Job Creation.

“If President Obama is seeking advice on how to export jobs or avoid paying taxes, Jeffrey Immelt is the perfect choice.

“But if President Obama is serious about putting Americans back to work, then he needs to start talking to American small business owners.

“As Chairman of the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access, I know that small business owners are the key to pulling us out of this recession, not the government.

“I suggest the President appoint someone who is interested and invested in actually creating jobs and understands the regulatory roadblocks holding back businesses.

“The Council on Job Creation should be headed by someone who wants to create jobs in America not abroad.”

Letter to the President can be found here.


Comments

Walsh Trashes Jeffrey Immelt, “Outsourcer-in-Chief of GE,” as Obama Jobs Leader — 1 Comment

  1. Walsh makes some very good points. I wonder how many other companies have paid zero income tax the last few years?

    Here is the new face of America and why I don’t see jobs being created any time soon. We outsource jobs just as fast as we create them. Company wants to increase profits, so outsources manufacturing to China, outsources IT to India, outsources customer service to the Philippines, some even outsource distribution although a large amount of those jobs stay in the USA (can’t outsource moving a product from Chicago to LA to a foreign country).

    In the meantime Obama stimulates the economy by repaving roads. The road is paved and then what. I have a smoother ride, that’s it. Granted it keeps the that job and the trickle down jobs employed a bit longer and my suspension takes less of a beating, etc.

    You look at all the large buildings going up in the world, hardly any are in the USA, maybe an office building in Salt Lake City, another project here or there in USA, not much happening. The large growth is now overseas and we are stuck with high pay, benefits, and pensions in the public sector in the USA so what company is economically incented to do anything in the USA unless you get a TIF, because you know your corporate taxes are only going up to support all these underfunded pensions and there’s no growth. And say you are Boeing and you build or expand manufacturing in NC or SC instead of WA, what happens, the WA union sues you. If you were the owner of GE, in which country would you build a new plant. So the end result is profits increase for the company and the stock price increases and if that happens enough the stock market is up, but that benefits the stock owners, and guess who owns a lot of stock, pension plans, so that benefits public sector employees. Obviously other people own stock too.

    In the meantime the unions complain about rich people and companies not paying taxes but what do their large unions do about it? Not much other than whip up the rhetoric about Wall Street and donate their money to some left wing cause. It’s somewhat ironic public sector high pay, benefits, and pensions are one of the very causes driving up taxes which only give companies all that much more reason to outsource or relocate overseas. Obviously not every single public sector job is high pay, benefits, and pensions.

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