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still_one

(92,302 posts)
Fri Apr 8, 2016, 10:26 AM Apr 2016

GE CEO: Bernie Sanders says we’re ‘destroying the moral fabric’ of America. He’s wrong.

GE CEO: Bernie Sanders says we’re ‘destroying the moral fabric’ of America. He’s wrong.

"We at GE were interested to read comments Monday by Sen. Bernie Sanders (I-Vt.), who told the New York Daily News editorial board that GE is among the companies that are supposedly “destroying the moral fabric” of America. The senator had been asked to cite examples of corporate greed at its worst. Somehow that got him to talking about us.

GE has been in business for 124 years, and we’ve never been a big hit with socialists. We create wealth and jobs, instead of just calling for them in speeches. We take risks, invest, innovate and produce in ways that today sustain 125,000 U.S. jobs. Our engineers innovate every day to build hardware and software solutions that meet real-world challenges. Our employees are proud of our company. I meet second- and third-generation employees whenever I travel across the country. I am one myself. Our suppliers and partners are proud of our company. Our communities are proud of our company. Our pride, history and hard work are real — the moral fabric of America.

The senator has never bothered to stop by our aviation plant in Rutland, Vt. We’ve been investing heavily (some $100 million in recent years), hiring and turning out some of the world’s finest jet-engine components in Vermont since the 1950s. The plant employs more than 1,000 people who are very good at what they do. It’s a picture of first-rate jobs with high wages, advanced manufacturing in a vital industry — how things look when American workers are competing and winning — and Vermont’s junior senator is always welcome to come by for a tour. "

www.washingtonpost.com/opinions/ge-ceo-bernie-sanders-says-were-destroying-the-moral-fabric-of-america-hes-wrong/2016/04/06/8499bc8c-fc23-11e5-80e4-c381214de1a3_story.html


I think the most significant line from what immelt said was:

"The senator has never bothered to stop by our aviation plant in Rutland, Vt."

13 replies = new reply since forum marked as read
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brer cat

(24,581 posts)
3. According to the article they pay billions in taxes.
Fri Apr 8, 2016, 10:33 AM
Apr 2016

It would be nice to see independent confirmation of that.

Tommy2Tone

(1,307 posts)
4. I am so done with the America is going to hell groups.
Fri Apr 8, 2016, 10:48 AM
Apr 2016

Yes this country has many problems but these assholes never offer solutions.

We have the GOP wanting to make America great again by fencing off the country, denying people their right to vote and trying to stop women's right to choose.

Now we have a Vermont blow hard who has done literally nothing but draw a government check for decades telling us he has the answers to all that ails this country. This response from GE is perfect. How could you not visit a plant in your own state?

I will instead vote and support Hillary Clinton as she is the only adult in the election who actually lives on this planet.

still_one

(92,302 posts)
6. Well he made it very clear how he would break up the banks in the Daily news interview.......
Fri Apr 8, 2016, 10:54 AM
Apr 2016

or maybe not:

"In the wide-ranging interview, which took place last week but was published Monday night, on the eve of the Wisconsin Democratic primary, Sanders appeared to reveal a damning lack of understanding of the exact regulatory statutes, laws, and powers he and a cooperative Congress could use to break up “too big to fail” banks during the first year of his administration, an oft-repeated promise in his stump speeches. Pressed by the Daily News as to whether the Federal Reserve had that authority, Sanders seemed unsure:

Sanders: Well, I don’t know if the Fed has it. But I think the administration can have it.

Daily News: How? How does a President turn to JPMorgan Chase, or have the Treasury turn to any of those banks and say, “Now you must do X, Y and Z?”

Sanders: Well, you do have authority under the Dodd-Frank legislation to do that, make that determination.

Daily News: You do, just by Federal Reserve fiat, you do?

Sanders: Yeah. Well, I believe you do.

Asked for additional details on exactly how he would break up the banks (“What would it be? What would that institution be? Would there be a consumer bank? Where would the investing go?”), Sanders responded that how banks decide to “reconfigure themselves” would not be his decision. The Daily News was puzzled:

Daily News: Well, it does depend on how you do it, I believe. And, I’m a little bit confused because just a few minutes ago you said the U.S. President would have authority to order...

Sanders: No, I did not say we would order. I did not say that we would order. The President is not a dictator.

Daily News: Okay. You would then leave it to JPMorgan Chase or the others to figure out how to break it, themselves up. I’m not quite...

Sanders: You would determine is that, if a bank is too big to fail, it is too big to exist. And then you have the secretary of treasury and some people who know a lot about this, making that determination. If the determination is that Goldman Sachs or JPMorgan Chase is too big to fail, yes, they will be broken up.

Daily News: Okay. You saw, I guess, what happened with Metropolitan Life. There was an attempt to bring them under the financial regulatory scheme, and the court said no. And what does that presage for your program?

Sanders: It’s something I have not studied, honestly, the legal implications of that."

http://www.vanityfair.com/news/2016/04/bernie-sanders-break-up-banks

pandr32

(11,595 posts)
10. Sanders has been part of the "America is going to hell" group
Fri Apr 8, 2016, 11:22 AM
Apr 2016

...most of his adult life and pretty much no-one has given him any mind until the last few years. He preached the same doom long before NAFTA, Bill Clinton's successful two-term run, and the Dodd-Frank Act replaced the repealed part of Glass-Steagall. He was/is no prophet, never-the-less the economic collapse of 2008 and the rise of ISIL just happened to give his doom and gloom stump speeches some oxygen at long last. He finally found his niche audience of politically naive, idealistic millennials and disgruntled libertarians to hand him a larger soapbox and a microphone (as well as lots of money), and unfortunately at the same time we need to get Hillary Clinton elected.

pandr32

(11,595 posts)
5. GE as "destroying the moral fabric" is Sanders' opinion, not a fact
Fri Apr 8, 2016, 10:48 AM
Apr 2016

Unless he is referring to the huge tax refunds they net rather than having to pay any taxes, which I am sure is the basis for his opinion.

Sanders bloviates at every opportunity that more than have the generated wealth goes to those at the top few percentile and wealthy corporations, but instead of talking about how we need to fix that with well-thought out proposals he regularly demonizes them instead.

To reach the point of claiming that not only does GE not pay its fair share in taxes, but that it is "destroying the moral fabric" of America is an interesting jump, especially when you discuss, as GE has in the listed post, that it employs 125,000 Americans in many capacities, and also is connected to other companies (suppliers and partners) who do. As is pointed out, many of these employees are proud to work there. All of us, in at least some way, also benefit from GE's innovations and services over the last century plus. Yes there are negatives, and some of these companies also benefit from outsourcing, off-shoring, and paying low wages, but those issues need to be addressed head on with proposals that would benefit Americans.

Sanders campaign is based on drawing a line between his campaign and supporters--and everybody else. Unfortunately his campaign has also resorted to demonizing the second group.

pandr32

(11,595 posts)
12. True, and Sanders loves to scapegoat
Fri Apr 8, 2016, 11:34 AM
Apr 2016

...except when his own bad decisions are involved, such as with taking funding for his Senate run from the NRA and then voting in their favor multiple times; and trying to keep his involvement with the choice to dump low-level radiation right next to a town of poor minority members buried; and his lame excuses for voting against the auto bailout, the Amber Alert system, the tax relief for married couples which would have helped low and middle income Americans, his anti-immigration vote, and numerous pro-war votes over the years; and his vote to support the Commodity Futures Modernization Act which weakened Wall Street regulations, and on and on.

Cha

(297,426 posts)
9. "The senator has never bothered to stop by our aviation plant in Rutland, VT".. Ouch!
Fri Apr 8, 2016, 11:17 AM
Apr 2016

I can't imagine that would make those who have jobs there very happy.

There's good and bad about corps.. you can't just demonize everything like berni does without some pushback.

Thank you for this, stillone~

Your link doesn't work for me..

 

KittyWampus

(55,894 posts)
13. Is that the Aviation Plant in Vermont that makes F-35 parts?
Fri Apr 8, 2016, 11:35 AM
Apr 2016

First off, GE is part of the Congressional-Military-Industrial complex so f*ck them and their CEO.

Second, Bernie Sanders and his F-35 support are ALSO part of the Congressional-Military-Industrial complex no matter how he pretends otherwise or how many idiots believe he's unsullied and has some moral high ground.

I support Hillary Clinton for POTUS but she's no angel when it comes to being a Senator who sucks up to the MIC… but at least she is open and honest and not a lying hypocrite like Sanders who pretends to be so "pure".

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