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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (4428)2/28/2004 1:49:35 AM
From: Lazarus_Long  Read Replies (1) | Respond to of 173976
 
So, Ms. Executive (LOL!!!), you're smarter than Jack Welch?

We have strong economic growth and weak job creation; productivity numbers that people never thought possible, and outsourcing. Is the world fundamentally different than when you were CEO of GE?
I don't think so at all. When I became CEO of GE, it was 1980. Outsourcing was happening -- Mexico. Textiles had already moved out of the Northeast. We recovered as we moved up the food chain.

Steve, we're going to move up the food chain again. The outsourcing rhetoric far outstrips the outsourcing numbers. Far outstrips....I don't know what the number will be, but we'll create 100,000 plus jobs a month. You can't run a 4.5% economy and not get jobs.

Are India and China a threat, or are they an economic advantage to the U.S.?
I see them as a real threat if we end up with stupid platforms that don't allow us to be competitive. If we put our head in the sand, we will definitely lose out, particularly to China. India is a great intellectual place, but it never got rid of the British bureaucracy. China, on the other hand, is going to be a fierce competitor. Intellectually, off the wall. You have an energy. You have a drive that's unsurpassed....We're going to have to do an incredible job of moving up the technology curve.

businessweek.com



To: Lizzie Tudor who wrote (4428)2/28/2004 2:03:37 AM
From: Lazarus_Long  Respond to of 173976
 
Message 19858667