Take a look at GE's first quarter results. Shining star - Global revenues of $19.6 billion, up 9%, and developing markets revenues of $7 billion, up 14%. Yup, those countries which "import" our jobs as Lou Dobbs would say, are also spending with our companies. Those that invest in products and sales forces that sell abroad.
The dog this quarter - GE Money with the sub-prime mortgage problems in the US. Lou, somehow we need to find a way to also blame the mortgage mess on Chinese trade and immigrants...
