RE: GE plunks down $2 billion on China R&D, technology and finance ventures
If the US government was truly interested in alternative energy and mass transit R&D instead of forcing us to continue to increase profits for Big Oil, GE wouldn't have to go to China for R&D in these fields.
China leads us in all the areas GE is interested in exploring while our Congress is preventing any serious threats to their oil company special interest income. If they actually cared about renewable resources, they would provide the tax breaks and investments needed to companies like GE and a lot of small business that want to work on them. Instead, they trickle a few paltry dollars into a general bucket labelled "Renewable Energy R&D" so they can boast of their support for it at election time and ignore it the rest of the time. Of course, they ensure that the dollars in that bucket are totally insufficient to actual have any affect.
Then, along come the right wing morons like "ahh so" who blame Obama. When will you idiots realize that it is CONGRESS that does this, not one person elected to the presidency? Keep electing big business advocates, especially those on Big Oil's payroll, to Congress and this is what you get; innovation FORCED to go to China to help America.
Keep outsourcing American jobs overseas, ignore our needs for alternative energy sources and "pooh pooh" mass transportation needs in America and watch America become a third world country, fools. If companies like GE have to get in bed with the Chinese, blame Congress, not GE or the president. I don't care if the president is Republican, Democrat or Martian, he/she does not make the laws and does not create the budget, CONGRESS does.
Get over it and get real, already.
