Thread: Donald Trump: Establishment ‘Against Me’ but ‘Coming on Line’

I don't know why anyone would support or defend a US Senator for President who just ran Boeing out of the United States to China. Or General Electric to Canada:

GE cutting 350 jobs in Wisconsin, moving work to Canada citing US Congress Ex-Im Bank impasse
Associated Press
September 28, 2015 — 4:36pm
Thibault Camus, AP
GE is laying off more U.S. workers as a result of the shutdown of the U.S. Export-Import Bank.

WAUKESHA, Wis. — GE Power & Water said it will stop manufacturing gas engines in Wisconsin and move the work to Canada, meaning the loss of 350 jobs in a Milwaukee suburb, because the U.S. Congress has failed to reauthorize the Export-Import bank.

The plant in Waukesha, Wisconsin builds engines for power generation applications. GE said it plans to build a $265 million factory in Canada over the next 20 months, the Milwaukee Journal Sentinel reported.

GE blames Congress for failing to reauthorize the U.S. Export-Import Bank that finances sales of industrial equipment.

"We believe in American manufacturing, but our customers in many cases require Export Credit Agencies financing for us to bid on projects. Without it, we cannot compete and our customers may be forced to select other providers. We know these announcements will have regrettable impact not only on our employees but on the hundreds of U.S. suppliers we work with that cannot move their facilities, but we cannot walk away from our customers," GE vice chairman John Rice said in a statement.

Rice said the Fairfield, Connecticut-based company continues to urge Congress to reauthorize the U.S. Export-Import Bank for all American companies.

"However, we must prepare for the worst case and arrange export finance outside the U.S. Unfortunately, this will come at the expense of American jobs. In a slow growth and volatile world, we must go where the markets are and compete in over 170 countries," Rice said.

GE said the plant closure will be take place over the next 20 months, in phases, and that its decision will not be reversed.

GE Power & Water is headquartered in Schenectady, New York. Most of the 350 Waukesha manufacturing employees are represented by the International Association of Machinists.

Union spokesman Frank Larkin said the U.S. Export-Import Bank "was one of those rare government programs that worked as intended; it protected American jobs and returned a profit to the U.S. Treasury. Killing the bank means thousands of U.S. jobs will be needlessly sacrificed for an extreme political agenda."

Waukesha Mayor Shawn Reilly said he hopes a solution can be reached to retain those jobs.

"My hope is that this is not a final decision and I will be able to work with General Electric and our state and federal partners to retain those important jobs here," Reilly said in a statement.

The 81-year-old U.S. Export-Import Bank provides loans, credit guarantees and insurance to aid sales by U.S. companies. The bank's charter expired June 30 when Republican members of Congress, who say the bank benefits only a few large corporations that don't need government assistance, blocked a reauthorization vote.

http://www.startribune.com/ge-plans-...obs/329816991/

And to France:

General Electric Says to Move 500 U.S. Jobs Overseas Blaming Ex-Im Bank Closure

GE signs financing agreement with France’s export credit agency
Employees work as a diesel locomotive stands on the final assembly line at the General Electric facility in Fort Worth, Texas.

By Nick Timiraos
Updated Sept. 15, 2015 10:46 a.m. ET

General Electric Co. will move about 500 U.S. jobs overseas to avoid losing business to foreign rivals, a decision the company said was prompted by the lapse of the U.S. Export-Import Bank’s charter earlier this summer.

For months, GE has said that the failure to reauthorize the export financing agency, which congressional Republicans have singled out as an example of corporate welfare, would force the company to move jobs overseas or risk losing contracts for turbines, power projects and other industrial equipment.

GE on Tuesday said it had signed an agreement for a line of credit for certain power projects from France’s export credit agency, Compagnie Française d’Assurance pour le Commerce Extérieur, or Coface, which would result in 400 jobs moving to Europe, primarily from facilities in New York, Texas, South Carolina and Maine. It said another 100 jobs would be moved next year from a facility outside Houston to Hungary and China to access export credit for customers of gas turbines used in aviation.

Executives say the company is bidding on $11 billion worth of projects, mostly in developing nations, and that bids won’t be entertained if they aren’t sponsored by an export credit agency. GE said, for example, that countries where such export credit agency sponsorship is required have accounted for 80% of total sales of those aviation-related turbines over the past three years.

”In a competitive world, we are left with no choice but to invest in non-U.S. manufacturing and move production to countries that support high-tech exports,” said John Rice, vice chairman at GE, in a statement on Tuesday.

http://www.wsj.com/articles/general-...ure-1442322192