Friday, August 6, 2010

Manufacturing coming back to America.

http://www.usatoday.com/money/economy/2010-08-06-manufacturing04_CV_N.htm?csp=usat.me

So GE is going to bring a factory back from China and hire 400 people. Ford is going to hire 2000 people. Take the 20,000,000 unemployed and subtract the 2400 jobs created and the end result is who cares.......

If you read far enough down in the article you will see the real reason GE is moving the factory here is because..... "The company took advantage of a 2005 labor contract under which employees at the new plant in Louisville will be paid an average of $13 an hour, down from $22 prior to the agreement." (Race to the bottom) and "GE also got state and local tax credits of $25 million over 10 years, and federal incentives that encourage the manufacture of energy-saving products."

So really this is the tax payers paying for these 400 employees. This is the GE CEO trying to help Obama in an election year. It amounts to nothing.

When they are serious about bringing jobs back they will institute tariffs. Then the flood gates will really open. Until then this is all just smoke and mirrors.

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