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Obamas Job Czar, GE's Immelt, Sells U.S. Tech Secrets To Communist China

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12/18/2012 03:59 PM
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Obamas Job Czar, GE's Immelt, Sells U.S. Tech Secrets To Communist China
Head of Obama's Jobs Council: 'State-Run Communism' Actually 'Works'.

General Electric wants to remain an important supplier to the Chinese aviation industry as it tries to challenge Boeing and Airbus:

Officially, this GE/Avic venture will be making a commercial aircraft for CACC. The Times reports that together, they'll build CACC's C919 -- a single-aisle plane capable of carrying up to 200 passengers and designed to compete with the Boeing 737 and Airbus 320 -- to be delivered in 2016. The avionics technology that GE/Avic will supply is the same as GE is providing to Boeing for its 787 Dreamliner, an industry-leading concept vehicle that is proving awfully hard for Boeing to deliver.

Is GE betraying its customers and its country? I think so. And the reason it's doing so is simple: GE believes that China will be a $400 billion market for its aircraft products over the next two decades. To be fair, GE is making all sorts of noises about how China's aircraft industry isn't sophisticated, so it won't be able to make use of all GE's advanced technology against Boeing or the American military. GE also claims it briefed the U.S. government before selling this technology to China, and that its joint venture will keep a Chinese Wall (pun intended) between its commercial and defense units.

[link to www.dailyfinance.com]

Please tell me how Immelt is qualified to consult to the Presidency on U.S. jobs creation?