China’s government is presently updating the country’s infrastructure; especially, coal-fired and nuclear power plants, electricity transmission lines, and railway lines. General Electric builds and exports all of these items; and, therefore, has not been impacted as greatly by the deep, four-year-long recession.
Meanwhile, back in the U.S.(S.R.), Obama’s economic management has consisted of enormous increases in spending: welfare (not including Obamacare), aid to immigrants, homosexuals, and unmarried people, and tens of billions on green energy companies (at least two have claimed bankruptcy and also received tax relief in addition to free taxpayer funds). Unlike China, U.S. citizens and companies have been doubly encumbered by environmental regulations, including the forced purchase of 'new generation' energy saving products. Guess who manufactures those products? General Electric (and other companies).
Obama's efforts cannot spur economic growth; and, can only drain the already suffering economy and overwhelm the taxpayer with decades of maintaining the cost of the debt, with no ability to pay it off. Yet, Obama wa
Very telling of the state of the U.S. economy is Imelt's statement that in the next three years: “we will sell more [energy producing gas-turbines] in Algeria than the United States.”
Is there any wonder why we are in the predicament we are in?