GE CEO Jeffrey Immelt, The Head Of Obama’s Jobs Council, Is Moving Jobs And Economic Infrastructure To China At A Blistering Pace

Jeffrey Immelt, the head of Barack Obama’s highly touted “Jobs Council”, is moving even more GE infrastructure to China.  GE makes more medical-imaging machines than anyone else in the world, and now GE has announced that it “is moving the headquarters of its 115-year-old X-ray business to Beijing“.  Apparently, this is all part of a “plan to invest about $2 billion across China” over the next few years.  But moving core pieces of its business overseas is nothing new for GE.  Under Immelt, GE has shipped tens of thousands of good jobs out of the United States.  Perhaps GE should change its slogan to “Imagination At Work (In China)”.  If the very people that have been entrusted with solving the unemployment crisis are shipping jobs out of the country, what hope is there that things are going to turn around any time soon?

Earlier this month, Immelt made the following statement to a jobs summit at the U.S. Chamber of Commerce….

“There’s no excuse today for lack of leadership. The truth is we all need to be part of the solution.”

Apparently Immelt’s idea of being part of the solution is to ship as many jobs overseas as he possibly can.

A recent article on the Huffington Post documented how GE has been sending tens of thousands of good jobs out of the country….

As the administration struggles to prod businesses to create jobs at home, GE has been busy sending them abroad. Since Immelt took over in 2001, GE has shed 34,000 jobs in the U.S., according to its most recent annual filing with the Securities and Exchange Commission. But it’s added 25,000 jobs overseas.

At the end of 2009, GE employed 36,000 more people abroad than it did in the U.S. In 2000, it was nearly the opposite.

GE is supposed to be creating the “jobs of tomorrow”, but it seems that most of the “jobs of tomorrow” will not be located inside the United States.

The last GE factory in the U.S. that made light bulbs closed last September.  The transition to the new CFL light bulbs was supposed to create a whole bunch of those “green jobs” that Barack Obama keeps talking about, but as an article in the Washington Post noted, that simply is not happening….

Rather than setting off a boom in the U.S. manufacture of replacement lights, the leading replacement lights are compact fluorescents, or CFLs, which are made almost entirely overseas, mostly in China.

But GE is far from alone in shipping jobs and economic infrastructure out of the United States.  For example, big automakers such as Ford are being very aggressive in China.  Ford is currently “building three factories in Chongqing as part of $1.6 billion investment that also includes another plant in Nanchang”.

Today, China accounts for approximately one out of every four vehicles sold worldwide.  The big automakers consider the future to be in China.

Just a few decades ago, China was an economic joke and the U.S. economy was absolutely unparalleled.

But disastrous trade policies have opened up the door for a mammoth transfer of jobs, factories and wealth from the United States to China.

China has become an absolute powerhouse and America is rapidly declining.

Beautiful new infrastructure is going up all over China even as U.S. infrastructure rots and decays right in front of our eyes.

You can see some amazing pictures of the stunning economic development that has been going on in China here, here, here and here.

America is being deindustrialized at lightning speed and very few of our politicians seem to care.

Back in 1979, there were 19.5 million manufacturing jobs in the United States.

Today, there are 11.6 million.

That represents a decline of 40 percent during a time period when our overall population experienced tremendous growth.

We used to have the greatest manufacturing cities on the entire globe.  The rest of the world was in awe of us.

Today, most of those formerly great manufacturing cities are decaying, rotting hellholes.

The following is what one reporter from the UK saw during his visit to Detroit….

As you pass the city limits a blanket of gloom, neglect and cheapness descends. The buildings are shabbier, the paint is faded. The businesses, where they exist, are thrift shops and pawn shops or wretched groceries where the goods are old and tired. Finding somewhere to have breakfast, normally easy in any American city, involves a long hunt. ‘God bless Detroit’, says one billboard, just beside another offering the alternative solution: liquor.

You can see some really shocking images of the decline of Detroit right here.

Our politicians insisted that globalism would not result in a “giant sucking sound” as millions of jobs left America.

But that is exactly what has happened.

Sadly, most American families still don’t understand what has happened.  Most of them are still waiting for things to get back to “normal”.

Millions of unemployed Americans are dealing with incredible amounts of stress right now as they wait for jobs to start opening up again.  But the jobs that have been shipped overseas are not coming back.  In a globalized economy, it doesn’t make sense to hire American workers when you can legally pay workers slave labor wages on the other side of the globe.

Millions of good middle class jobs have been replaced by low paying service jobs.  Today there are huge numbers of Americans that are cutting hair or flipping burgers because that is all they can get right now.

Many others are only able to survive because of the safety net.  One reader named David recently left a comment in which he shared his story.  David did everything that the system asked him to do, but the promised rewards never materialized.  Now David is broke, unemployed and he feels deeply frustrated….

A year ago I had a job, we were struggling, but bills were getting paid, and somehow we were getting by. Then I made the mistake of getting sick, one day before my company insurance kicked in. An auto-immune illness almost killed me, if it weren’t for the amazing efforts of my physicians and an emergency spleenectomy, I would not be here.

My wife would have been a single mother,raising two young sons, one of which is autistic. Instead, I pulled through. The disease damaged my liver, leaving me with a chronic condition, and even after a year, it is hard to get up and go some days. My “employer” dumped me as soon as I left the hospital, and I haven’t worked since. It isn’t for lack of looking. There just isn’t anything.

Oh, I get my government cheese money. Here I am college educated, unable to find something that can pay the bills better than the money that we get from the government. It sickens me to be this dependent on the system like this. But the system de-incentivizes work, and makes living on the dole make a perverse economic sense.

I used to have dreams, but I have given up on them. My wife and I have no savings, we have no life raft and if it weren’t for the generosity of her parents and mine, things would have ground to a halt a long time ago.

I believed every thing adults told me. Work hard, I did. Get an education, I did. Find a nice girl and settle down, I did. Two cars, a dog, a cat and couple of kids, a nice townhouse…the american dream. Yep.

I love my country. My heart is broken, broken because I have been betrayed. I did what you asked, I played by the rules. I did what you said to do; I submitted, I conformed, I stopped dreaming. Now what?

I am willing to pay for my faults and transgressions; my failures are my own, I get that. My children should not have to suffer for my failures, they did not do anything wrong. My youngest boy is autistic, we hope he will be able to integrate into society, but the fact is we may have to take care of him for the rest of his life. How do I do this with nothing, and no opportunity in the foreseeable future?

Depression, stress…yep, I’ve got all that. I used to be hopeful and optimistic about the future. Now all I am is afraid.

As the United States continues to bleed good jobs, stories like the one you just read are going to become much more common.

So what are our politicians doing about all of this?

They tell us that we need even more “free trade”!

Barack Obama says that we need more free trade.

The Republicans say that we need more free trade.

In Washington D.C. our politicians do not agree on much, but one thing they do agree on is that we need to keep shipping jobs out of the country.

Until the American people wake up and start demanding an end to the globalization of the U.S. economy, the job losses are just going to continue to get worse.

The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.  If this trend continues, millions more Americans will soon be surviving on food stamps or living in tent cities.

The American people are deeply concerned about the economy, but they still have not connected the dots on these issues.  The mainstream media and most of our politicians keep telling them that the globalization of the economy is a wonderful thing.

It is so sad that people just do not understand what is going on right in front of their eyes.

Whether you are a conservative or a liberal or a libertarian, you should be against the deindustrialization of America.

Allowing our industrial base to be raped is not a good thing.

Allowing big corporations and foreign governments to pay slave labor wages to workers on the other side of the globe making things that will be sold inside the United States is not a good thing.

Allowing the destruction of our industrial capacity to threaten our national security is not a good thing.

Allowing millions of precious jobs to leave the country is not a good thing.

The biggest corporations are making some extra profits by exploiting cheap labor on the other side of the globe.  Corporate executives love to shower themselves with larger and larger bonuses.

But our current trade policies are not working for American workers.

We need “fair trade”, not “free trade”.

The United States is being taken advantage of, and the Democrats and the Republicans are both laying down like doormats and letting it happen.

If you want to know where all the good jobs went, it is not a big mystery.

They have been shipped out of the country and they are not coming back.

Unless fundamental changes are made, things are going to get worse and worse and worse for American workers.

So what is going to happen next?

It is up to you America.

The Coming Doctor Shortage

The United States is going to experience an absolutely devastating doctor shortage in the coming years.  Even now it can be difficult to see a doctor in many areas, and if you are fortunate enough to see one you will probably pay through the nose.  Medical bills have gotten absolutely insane in this country.  Many Americans have gone to the hospital for a few hours, perhaps got to see a doctor for half an hour, and ended up being billed thousands of dollars.  Unfortunately, it is not the doctors that are getting rich from these nightmarish medical bills.  Rather, “the system” is set up so that “the middle men” are the ones raking in most of the cash.  In fact, thousands upon thousands of doctors are being chased out of the profession because being a doctor just isn’t worth the trouble anymore.  According to the American Association of Medical Colleges, we were already going to be facing a shortage of more than 150,000 doctors over the next 15 years even before Obamacare was passed. Obamacare is just going to make the doctor shortage even worse.  In fact, one poll found that 40 percent of all U.S. doctors plan to get out of the profession over the next 3 years.  Of course not all of those disgruntled doctors will end up leaving the profession, but even if 10 percent of them quit it is going to create a medical crisis of unprecedented magnitude in this country.

Look, it is no secret that I am not a big fan of the health care industry in the United States.  But if I get into a car accident or someone shoots me then I very much want someone to take me to the hospital and I don’t want to wait a couple of hours to see a doctor.

Unfortunately, the way that the health care industry is set up today is absolutely suffocating for doctors.  The government is trying to tell them how to treat patients, lawyers are constantly looking to sue them and most of the money ends up going to health insurance companies, big pharma and huge health care corporations.

In the old days, all you needed was a bed, a patient, a doctor and maybe a nurse.

After all, how much does it really cost for a doctor to look you over, ask you a few questions and patch you up?

Unfortunately, a whole host of bad guys have gotten between the doctor and the patient these days.  They have all carved out a little bit of “territory” and they all have to be paid.

The health care industry used to be about helping people.

Today it is all about greed, and the system is coming apart.

As the economy collapses, an increasing number of Americans are being forced to rely on programs such as Medicare and Medicaid.

For example, back in 1965 only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid.

This is putting our doctors in a very difficult position.  According to The New York Post, treating Medicare and Medicaid patients is a huge financial strain on U.S. doctors…

Estimates suggest that on average physicians are reimbursed at roughly 78% of costs under Medicare, and just 70% of costs under Medicaid. Physicians must either make up for this shortfall by shifting costs to those patients with insurance — meaning those of us with insurance pay more — or treat patients at a loss.

You understand what all that means, right?

Medical bills have to be jacked up on all the rest of us to make up for the Medicare and Medicaid patients.

But that is just one example of how the system is failing.

Today, it is quite common for medical school students to rack up hundreds of thousands of dollars in student loan debt as they go through school.  Then it takes a number of years of really hard work before they become established and at a point where they can start making good money.  Meanwhile, lawyers are constantly circling them like vultures.  Malpractice insurance premiums are absolutely insane at this point and one really bad lawsuit can ruin a career that took decades to build.

In addition, now thanks to Obamacare and other ridiculous regulations that have been passed in recent years, the government has a tremendous amount of control over how medicine is practiced in the United States.  Doctors no longer have the complete freedom to treat their patients as they see fit.

Sadly, a significant percentage of U.S. doctors have had enough and now want to get out.

According to a Merritt Hawkins survey of 2,379 doctors for the Physicians Foundation that was conducted in August of last year, 40 percent of all U.S. doctors plan to “retire, seek a nonclinical job in health care, or seek a job or business unrelated to health care” at some point over the next three years.

When Obamacare was originally being debated perhaps we should have taken some time to ask our doctors what they thought about it first.

Now we could end up with a massive doctor shortage as our doctors vote with their feet.

Right now there are approximately 960,000 doctors in the United States.

What do you think our medical system will look like if even 100,000 of them bail out of the profession?

According to the same survey noted above, 74 percent of U.S. doctors plan to make “one or more significant changes in their practices in the next one to three years, a time when many provisions of health reform will be phased in.”

One big trend that we are seeing right now is the refusal to see certain kinds of patients.  Under our current system, some patients are much more “profitable” than others.  Many doctors have decided that they simply cannot afford to see many of the “unprofitable” patients any longer.

Our health care system is messed up beyond all recognition.  In America, we pay much more for health care than anyone else in the world and what we get in return is a system that is literally falling to pieces.

It would have been nice if we would have gotten some real health care reform, but instead what we got was Obamacare – one of the worst pieces of legislation that has ever been passed in all of modern American history.

An IBD/TIPP poll taken back in August 2009 found that 4 out of every 9 American doctors said that they “would consider leaving their practice or taking an early retirement” if Congress passed Obamacare.

Well, it passed anyway.

Now the doctor shortage is about to get a whole lot worse.

Survey after survey shows similar results.

According to a survey published in the New England Journal of Medicine, approximately one-third of all practicing physicians in the United States indicated that they may leave the medical profession because of the new health care law.

Are you starting to become alarmed yet?

We have a system that is broken and large numbers of doctors are now saying that they simply want to give up.

Sadly, Obamacare is also causing the cancellation of a lot of new hospitals.

According to the executive director of Physician Hospitals of America, the new health care law has already forced the cancellation of at least 60 doctor-owned hospitals that were scheduled to open soon.

Not that I am just getting on Obama and the Democrats.  Bush and the Republicans were a complete disaster when it came to health care as well.  Thanks to both political parties we have a health care system that is a joke.

Today, approximately 40% of all U.S. doctors are age 55 or older.  All of those old doctors are thinking about retirement.  They are too old to be putting up with all of this garbage.

It is an open secret that our health care industry has become a giant money making scam and that it is not favorable for either doctors or patients.

According to one doctor interviewed by Fox News, “a gunshot wound to the head, chest or abdomen” will cost $13,000 at his hospital the moment the victim comes in the door, and then there will be significant additional charges depending on how bad the wound is.

So how much of that $13,000 do you think the doctor gets?

Not a whole lot.

There certainly are some wealthy doctors out there, but the truth is that “the system” gets most of the money.

I am sure almost everyone reading this has a medical bill horror story to tell.

In America today, if you have an illness that requires intensive care for an extended period of time, it can be really easy to rack up medical bills that total over 1 million dollars.

In fact, most Americans are scared to even spend a single night in the hospital these days.

It is estimated that hospitals overcharge Americans by about 10 billion dollars every single year.  In fact, one trained medical billing advocate says that over 90 percent of the medical bills that she has audited contain “gross overcharges“.

Basically, hospitals charge whatever they think they can get away with.  Unlike most transactions, you don’t get to see a “price list” first when you go into the hospital.  You just ask them to take care of you and you trust them to bill you fairly later.

Why should it cost a half million dollars for a simple operation?

It’s not that complicated – the doctor cuts you open, carves something out and then sews you back up.

So why should it cost so much?

Am I missing something?

Sadly, it is those that don’t know how things work that get the worst of it.

It is not uncommon for insurance companies to get hospitals to knock their bills down by up to 95 percent, but if you are uninsured or you don’t know how the system works then you are out of luck.

You should always, always have health insurance if you can afford it.  If you do not have a health insurance company fighting the hospital then it can be really hard to have your medical bills knocked down to a reasonable level.

In any event, as doctors start leaving the profession in droves it may become difficult to find quality medical care at all.

Perhaps even more of us will start going out of the country for medical care.  According to numbers released by Deloitte Consulting, a whopping 875,000 Americans were “medical tourists” in 2010.

So what do all of you think about the state of the health care industry in the United States?  Feel free to leave a comment with your thoughts below….

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