GE sells more than 96 percent of its products to the private sector, where America's future must be built. But government can help business invest in our shared future.
Sentiment: POSITIVE
As one of America's largest exporters, GE remains committed to producing more products in the United States, which is our home and largest market.
If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century.
When you take over a company like GE, you think you're going to visit 100 businesses. You're going to go see the factories you haven't seen before. You're going to see a site in Texas and one in Canada and stuff like that. That has fallen by the wayside.
I'm a complete globalist. I think like a global CEO. But I'm an American. I run an American company. But in order for GE to be successful in the coming years, I've gotta sell my products in every corner of the world.
Business leaders should provide expertise in service of our country. My predecessors at GE have done so, as have leaders of many other great American companies.
The one thing that people don't get about GE is that, to the people who work here, it's not a company. It's not just a job. You feel like you're part of a 120-year-old ever-growing, ever-improving family.
Companies like GE and Procter & Gamble have been in business for a long time. Over decades or a century you're bound to figure out a management structure that works.
Everybody gets ticked off about GE paying no taxes. Look, we have a complicated, convoluted tax system. And only big corporations and wealthy individuals like Warren Buffett can take advantage of it. We need to simplify and flatten the code, get rid of all the loopholes.
Every time a pundit or elected official is on any TV news program, it should be a polite formality to mention that GE has made such and such billions off the war in Iraq by selling arms or that Murdoch is a right-wing activist with a clear stake in who wins and who taxes his profits the least.
We're concerned with a powerful government who is telling General Motors now, maybe, what they can charge for their automobiles. Indeed, if the government owns 61 percent, they can do that.
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