Timothy P. Carney: How GE’s green lobbying is killing U.S. factory jobs
WINCHESTER, VA–“Government did us in,” says Dwayne Madigan, whose job will terminate when General Electric closes its factory next July.
Madigan makes a product that will soon be illegal to sell in the U.S. – a regular incandescent bulb. Two years ago, his employer, GE, lobbied in favor of the law that will outlaw the bulbs.
Madigan’s colleagues, waiting for their evening shift to begin, all know that GE is replacing the incandescents for now with compact fluorescents bulbs, which GE manufactures in China. (Washington Examiner)
A great many companies have done the same. Moving to China for a larger profit margin and trying to sell their junk at inflated prices.