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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (12436)	6/26/2009 2:45:52 PM
From: nspolar	1 Recommendation Read Replies (2) \| Respond to of 33421

Jeff Immelt must be a cowboy! Color of hat however unknown. " Chief Executive Jeff Immelt said on Friday the United States needs to refocus its economy on manufacturing and exporting if it wishes to recover from a brutal recession. The world's largest economy can no longer count on consumer spending to drive demand, nor can it rely on Wall Street financial wizardry if it wants its population to continue to enjoy a high standard of living, the head of the largest U.S. conglomerate said. "We should clear away any arrogance, false assumptions, or a sense that things will be 'OK' just because we are America," Immelt told the Detroit Economic Club. "Our competitive edge has slipped away and this has hit the middle class hard." And then he hit the nail on the head. "The move reflects Immelt's belief that, like many U.S. companies GE has turned too many core technological procedures over to outside contractors and foreign operations. "In some areas, we have outsourced too much," Immelt said, according to a copy of his prepared remarks. "We plan to 'insource' capabilities like aviation component manufacturing and software development." Immelt must be doing some real work and thinking, as opposed to having sex all the time with his sectretaries. Welch in my humble opinion was a dufass extraordinaire, one of the bunch that helped create all this mess. It really in my opinin ain't all that complicated. Is GE going to be the buy of the century? TF

To: nspolar who wrote (12436)	6/26/2009 3:09:17 PM
From: ahhaha	Read Replies (1) \| Respond to of 33421

We just want to do an honest days work for an honest and fair wage, That's what auto, steel, chemicals workers said for decades as they collected their inflated pay that sunk those industries. provide for our familes and well you know, have a nice retirement and die richer that when we came into being. Your easy life has got you painted into a non-competitive corner. In this world you either compete or you get eliminated. So what is the problem? You're priced out from all those decades of barbecues. To many shit for brains chiefs maybe, who work mostly to collect more feathers for their headbands, or go have sex with their mates? Why do you need an employer? Can't you go out and do your own thing, like creating a small business? That would enable you to have one helluva better life than being a wage slave. We need more honest cowboys for leaders, and fewer Krugmans! True. Hey man, apologies for my heavy language, but I have to call it as I see it.