Trade has always existed, but we used to defend our strategic interests. Could you imagine the United States allowing French engineering giant Alstom to purchase General Electric? I don't think so.
I happen to agree with the anti-dictatorship policies, but I don't think it's the role of General Electric to support them or oppose them. They do of course, but I don't agree with that.
When I worked with General Electric, again this was soon after the Second World War, you know, I was keeping up with new developments and they showed me a milling machine and this thing worked by punch cards - that's where computers were at that time, and everybody was sort of sheepish about how well this thing worked because in those days machinists were treated as though they were great musicians because they were virtuosos on these machines.
When I talked about Boeing and I talked about General Electric, what I was referring to is an outrage... Right now you have a loophole such that these guys are putting their profits, multi-billion dollar profitable corporations putting billions of dollars into the Cayman Islands, Bermuda, and other tax havens.
If India is an emerging economy with millions of new consumers, sell them the Volvo. Sell them the Cielo car. Sell them whatever you can, hamburgers and KFCs. Its the middle classes who have moved into being able to own a car, a refrigerator. For them there is this mantra that the General Electric refrigerator is better than some other model, that the Cielo car is fancier than the Ambassador.
What's amazing to me? General Electric has a bigger budget for - special interest budget than all of the oil companies combined, and yet nobody says anything.
If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers. I would. I enjoyed doing that. I can think about what I want to think. I don't have to do anything I don't want to do.
In the 1980s and 1990s, Jack Welch, the CEO of General Electric, laid off over 100,000 employees. His reward? When he retired from GE, he received a golden parachute of over $400 million dollars. This is the kind of corporate greed and irresponsibility that is destroying the middle class and must be ended.
The real problem with the IRS is that they let General Electric not pay any taxes -- and 50 other corporations -- that's the real scandal.
USA belongs to a handful of men who also control the media. Look at General Electric. It produces nuclear weapons for the Pentagon and also owns the NBC News cable channel, which is a very sophisticated censure apparatus, intrinsic to the system. It's genius. It's like an electronic cage around the nation which blocks information from getting through.
So we and our elaborately evolving computers may meet each other halfway. Someday a human being, named perhaps Fred White, may shoot a robot named Pete Something-or-other, which has come out of a General Electric factory, and to his surprise see it weep and bleed. And the dying robot may shoot back and, to its surprise, see a wisp of gray smoke arise from the electric pump that it supposed was Mr. White's beating heart. It would be rather a great moment of truth for both of them.
No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.
Legalize racing in every State. Sure people will bet, but they get to see the horses run and you certain can't see General Motors and General Electric and General Utility run when you bet on them.
Much of the big media outlets in North America are owned by arms manufacturers, like Westinghouse, or G.E. [General Electric]. That's unacceptable. So we're not getting editorial policy, we're not getting a vision of truth. People just don't know what is going on anymore, and that's really dangerous stuff.
I'm out talking about this company (General Electric) seven days a week, 24 hours a day, with nothing to hide. We're a 130-year-old company that has a great record of high-quality leadership and a culture of integrity.
Official Washington cannot tell the American people that the real purpose of its gargantuan military expenditures and belligerent interventions is to make the world safe for General Motors, General Electric, General Dynamics, and all the other generals.
I'll tell you who doesn't have any personal responsibility. Companies like General Electric and others who pay absolutely no income tax.
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