GE Brings Manufacturing Back to the US

[mugsy]

General Electric disagrees.

They disagree now, they didn't in the past and they may change their corporate view yet again in the future. Capital and companies have to flexible or they will die off.

 

[Hobbes]

They disagree now, they didn't in the past and they may change their corporate view yet again in the future. Capital and companies have to flexible or they will die off.

So, you're sayin I should be flexible with my GE stock?
You know, play it by ear and if I'm underwater on my investment at the end of the year sell it all and claim a capital loss on my income tax return.

Now that's a good long term winning stragety.

 

[mugsy]

So, you're sayin I should be flexible with my GE stock?
You know, play it by ear and if I'm underwater on my investment at the end of the year sell it all and claim a capital loss on my income tax return.

Now that's a good long term winning stragety.

Sir,

We are not communicating here. I, once again, did not say or imply what you are attributing to me. Your investment strategy isn't directly related to a company's own growth/expansion strategy but since you brought it up. Don't you have a mixed portfolio? Some real brick and mortar companies have to really stay put, at least for a while, once they have invested in facilities, etc. Other companies, particularly those who stock-in-trade is intellectual capital may move/change rapidly - it just depends. I am sure you have some long-term low but steady growth investments and some high-risk but potentially high-gain investments - do you expect every company to have the same strategy? As for your sell or hold decisions - doesn't that depend too? Sometimes holding and riding out out a rough patch is the right answer and sometimes cutting losses is the best answer. I said be flexible and adaptable - that applies to you and me as well. I didn't say "here is the one specific way to always do everything"

 

[Hobbes]

Sir,

We are not communicating here. I, once again, did not say or imply what you are attributing to me. Your investment strategy isn't directly related to a company's own growth/expansion strategy but since you brought it up. Don't you have a mixed portfolio? Some real brick and mortar companies have to really stay put, at least for a while, once they have invested in facilities, etc. Other companies, particularly those who stock-in-trade is intellectual capital may move/change rapidly - it just depends. I am sure you have some long-term low but steady growth investments and some high-risk but potentially high-gain investments - do you expect every company to have the same strategy? As for your sell or hold decisions - doesn't that depend too? Sometimes holding and riding out out a rough patch is the right answer and sometimes cutting losses is the best answer. I said be flexible and adaptable - that applies to you and me as well. I didn't say "here is the one specific way to always do everything"

tl:dr
No punctuation.

 

[mugsy]

Hobbes,

Let me ask you a few questions to better understand what you are getting at:

- Do you believe that a company, once it is established, has a duty to stay where it is and keep employing the maximum number of employees indefinitely?
- Do you believe a company must remain responsive to supply/demand (cost issues, etc. however you want to characterize them) even at the cost of closing plants or laying off personnel?
- Are the jobs created by an industry "owed" to workers - as a form of social contract - or are they the happy by-products of a well run company in a favorable market?
- What are a publicly traded company's responsibilities, respectively, to the stock-holders and to the workers of the company?

 

[dennishoddy]

That doesn't always mean relocating but sometimes it may. I'll go even further and say that government can be a direct cause of jobs leaving by creating rules willy-nilly that drive up costs. Some rules make sense for safety, health, etc. but many are simply the result of bureaucrats who make hosts of petty and costly decisions that have the force of law though they are merely rules made by unelected officials who generally do not know much about running a company.

Exactly why the EPA is in business. the Obummer had said in his original campain that he would bankrupt the energy industry. He is doing a pretty good job of it now.
Get him back in office, and watch your bills double or worse.

 

[Hobbes]

Hobbes,

Let me ask you a few questions to better understand what you are getting at:

- Do you believe that a company, once it is established, has a duty to stay where it is and keep employing the maximum number of employees indefinitely?
- Do you believe a company must remain responsive to supply/demand (cost issues, etc. however you want to characterize them) even at the cost of closing plants or laying off personnel?
- Are the jobs created by an industry "owed" to workers - as a form of social contract - or are they the happy by-products of a well run company in a favorable market?
- What are a publicly traded company's responsibilities, respectively, to the stock-holders and to the workers of the company?

What is this? The Inquistion?

I told you what I thought. You just don't want to hear it.
Or else you want to hear it again.

OK

The problem is many corporations respond to short term stimuli(annual vote or yearly bonus).
And the long term best interests of the corporation are exactly that. LONG TERM.

You've never raised kids have ya?

 

[mugsy]

Hobbes,

Why are you so hostile? No Inquisition here ("no one expects the Spanish Inquisition!") I just wanted to understand your reaction to some things I was (or felt I was or wasn't) saying. If you don't want to answer - OK that's fine.

As to the rest, there is nothing wrong with me and I've raised five children and completed a full career as a military officer.
BTW - in case you didn't notice I, similar to how you feel, felt you weren't understanding me but tried to avoid being nasty or obnoxious about it. I guess our conversation is over. Too bad it wasn't on better terms.

 

[ronny]

This GE thing sounds like something Obama should consider taking credit for.

 

[Dale00]

This GE thing sounds like something Obama should consider taking credit for.

It falls far short of being able to outweigh the Solyndra debacle and the rape of GM bondholders.