Here’s what the president had to say:


GE cannot afford to pay taxes. It cannot afford to pay its $115 billion debt load. It cannot afford to fund $15 billion in insurance reserves. How can it afford to build in the U.S. where employee costs are much higher than they are in China?

GE and Culp made a big mistake in attacking Trump. They need all the allies they can get. If their debt gets downgraded to junk then their funding costs will spike higher, and the stock will sink. They should try to kiss up to Trump like they did with President Obama and maybe GE can get another taxpayer funded bailout.



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