Thursday, April 24, 2014

General Electric, Irrationally Rational or Rationally Irrational?

GE is said to be buying France's Alstom for $13 billion. 

Two things. 

First, GE is buying this foreign company because the tax code incentivizes them to keep their cash abroad and never bring it home to invest here.  Totally rational.

Second, they must be really desperate if they are buying a French company.  Totally irrational.
GE Set to Face Long Arm of French State in Potential Alstom Bid
Maybe Jeff Immelt should have talked to this guy

Oh wait, he was too busy sucking up to the Lightworker and foisting ObamaCare on America.  Oh wait, Jeff, how is that working out?

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