"So Big Government policies are killing GE jobs that might thrive in the free market, while creating GE jobs that never would survive in a free market. Obama is replacing unsubsidized jobs with subsidized jobs."

That is the conclusion reached by Washington
Examiner columnist Timothy P. Carney, while
chasing the tail of economic policy causes and effects in
Kentucky, centered around corporate (and corporatist) behemoth GE.
Sample:

Biden was at GE's Appliance Park in Louisville, where a raft of
government subsidies (and probably some gentle urging from the
White House) has spurred the multinational conglomerate to begin
manufacturing hybrid electric water heaters -- part of the "new
foundation for a new economy," Biden said.

But later this month, 75 miles east, workers at GE's Kentucky
Glass Plant get to see the other side of Big Government. About 175
workers there make glass, which is shipped to the Winchester Bulb
Plant. Winchester Bulb is being shut down in September, and so the
Lexington Glass Plant will be shuttered in late July.

GE explained in a press release last year, "A variety of energy
regulations that establish lighting efficiency standards are being
implemented in the U.S. and other countries, in some cases this
year, and will soon make the familiar lighting products produced at
the Winchester Plant obsolete."

These were "green" regulations that then-Sen. Obama supported in
the 2007 energy bill -- as did GE. The company, you see, makes more
profit off the more efficient compact fluorescent bulbs, because
the company can charge more, but also because it makes those bulbs
in China, with cheaper labor costs and fewer environmental
regulations.

So, Obama and GE teamed up, pushed Big Government environmental
regs and killed nearly 500 jobs in Lexington, Winchester, and
another glass factory in Niles, Ohio.

Whole thing
here.

Posted using cast2blog.com