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GE rules out relocation to Dallas because of Texas politicians’ views, report says
The Dallas Morning News ^ | August 29 2015 | Michael A. Lindenberger

Posted on 08/30/2015 8:07:02 AM PDT by 2ndDivisionVet

Neither Dallas Mayor Mike Rawlings nor officials from General Electric would confirm on Friday reports that General Electric Co. had decided against relocating its global headquarters to the city because of Texas politicians’ opposition to the Export-Import Bank.

Republicans Rep. Jeb Hensarling and Sen. Ted Cruz have each been outspoken in their opposition to the Ex-Im Bank, a federal agency that offers loans, loan guarantees and credit insurance to help U.S. firms sell their products overseas.

Hensarling’s opposition to the bank has grown from a small movement two years ago to a full-scale rebellion, dismaying the bank’s supporters among major business lobbying groups. The bank’s charter expired June 30, and it had to suspend consideration of new deals...

(Excerpt) Read more at dallasnews.com ...


TOPICS: Business/Economy; Government; Politics/Elections; US: Texas
KEYWORDS: cruz; economy; exportimportbank; ge; generalelectric; tedcruz; texas
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To: 2ndDivisionVet

I do not purchase any GE products.

Jeff Immelt, the CEO, is a POS who has threatened to move production out of the US if the Export/Import Bill is not passed. In other words, he wants US taxpayers to subsidize his business. He could care less that GE has plenty of cash and that US workers would be fired.

The one piece of good news is that Immelt has been completely unsuccessful in raising the share price of GE stock. It has languished essentially in the same place for years under his leadership.


41 posted on 08/30/2015 10:17:05 AM PDT by CdMGuy
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To: 2ndDivisionVet

GE has a funny way of expressing that “opposition,” with existing and expanding major manufacturing facilities in Houston (Water and Electrical), Oil & Gas (New Braunfels), and Locomotives (Ft. Worth), probably more that I don’t know about.


42 posted on 08/30/2015 11:21:37 AM PDT by Redbob (Keep your hands off my great-great-grandfather's flag)
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To: Steely Tom

They’ll be comfortable with anyone who doesn’t require them to pay taxes, as was the case with obama.


43 posted on 08/30/2015 11:26:45 AM PDT by DPMD
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To: 2ndDivisionVet

GE has the right to locate where they wish

IE Bank must be important to them

If they’d move to Mississippi the whole state would embrace that bank.....

But they’d have to import workers

As Nissan learned in Canton the black unemployed labor pool ain’t all that eager to get off the porch


44 posted on 08/30/2015 11:46:27 AM PDT by wardaddy (White boy wiggers in pickups with Cope and Rebel Flags and cowboy rap....FMR)
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To: 2ndDivisionVet

Honestly, north Texas has about all the imports we need right now. Won’t miss GE one bit.


45 posted on 08/30/2015 12:01:37 PM PDT by Jedidah
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To: 2ndDivisionVet

Ex-Im is the wrong fight. How about cutting NPR, the Adcouncil, Planned (Murder) Parenthood, etc. first?


46 posted on 08/31/2015 9:11:49 AM PDT by 1010RD (First, Do No Harm)
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To: jospehm20

GE sold off its appliance business to Electrolux this year.


47 posted on 08/31/2015 11:36:07 AM PDT by Cooter (Radicals always try to force crises because in a crisis, everyone must choose sides. - J. Goldberg)
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To: Cooter

I replaced all of my appliances in the past couple of years and hopefully won’t need any for a while. Is the brand name still GE or is it Electrolux now?


48 posted on 08/31/2015 11:41:09 AM PDT by jospehm20
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To: jospehm20
I replaced all of my appliances in the past couple of years and hopefully won’t need any for a while. Is the brand name still GE or is it Electrolux now?

What did you replace your appliances with? I need to replace all my kitchen appliances soon and keeping to a reasonable budget.

49 posted on 08/31/2015 11:53:17 AM PDT by Irish Eyes
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To: 2ndDivisionVet

GE buys and sells politicians. This would not stop them.

Somebody just gave them more free stuff to stay.


50 posted on 08/31/2015 11:55:09 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Gen.Blather

but then how could politicians create cities which are an excellent source of graft?

How could they control the movement of people?


51 posted on 08/31/2015 11:57:58 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: jospehm20
GE's iconic U.S. appliance brand goes Swedish

"The GE name will not be going away from the line of refrigerators, stoves and dishwashers that were a major way most Americans knew the GE name. Electrolux (ELUXY) is buying the rights to continue to use the GE brand."

52 posted on 09/01/2015 8:06:49 AM PDT by Cooter (Radicals always try to force crises because in a crisis, everyone must choose sides. - J. Goldberg)
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