US companies adjusting to US regulations and taxes

[CharlesDavenport]

So just saw a presentation from Immelt of GE. The new strategy, in direct response to unfriendly US business policies, is "localization". They will make things out of the country, in foreign based subsidiaries, for customers out of the county. They will still manufacture in the US for US markets (they say), but not so much for export anymore. So, exports go down and US jobs go down.

I wonder if Immelt regrets all the Obama *** kissing over the years.