[Obamaconomy] ~ GE's Immelt to head new jobs panel

[Exotix]

Obama names GE's Immelt to head new jobs panel.

Board replaces one that had been chaired by former Fed Chairman Paul Volcker


Today

'Reboot': GE's Immelt to head Obama jobs panel - Business - Eye on the Economy - Stocks & economy - msnbc.com


WASHINGTON — President Barack Obama is restructuring his economic advisory board to place an emphasis on job creation, and he is naming General Electric CEO Jeffrey Immelt as its new head.

Bringing Immelt on board solidifies the president's efforts to improve his relationship with the business community, with whom the White House has had strained ties for the last two years.

Immelt was to join Obama in Schenectady, N.Y., Friday for an economy-related visit to a General Electric plant, where the president will showcase policies that have aided the multinational conglomerate.

GE is a diversified technology, media and financial services company.



In an article entitled "White House reboots on economic advice," Politico.com's Abby Philip writes that the appointment "signaled a shift to a new phase of the administration's response to the nation's economic woes."

Immelt, a member of the board of the New York Federal Reserve Bank, has been a frequent visitor to the White House and attended a CEOs meeting with Obama and visiting Chinese President Hu Jintao on Wednesday.

So his appointment adds another corporate insider to the White House orbit, underscoring the White House's efforts to build stronger ties to the business community.
Earlier this month, Obama named former commerce secretary and JPMorgan Chase executive William Daley as chief of staff.

Immelt has been a White House ally since the start of Obama's presidency, though his political contributions tend to be bipartisan and he financially supported Hillary Rodham Clinton and Republicans John McCain, Rudy Giuliani and Mitt Romney during the 2008 presidential elections.

The new board, called the President's Council on Jobs and Competitiveness, will replace the former Economic Recovery Advisory Board that had been chaired by former Federal Reserve Chairman Paul Volcker.

Volcker has said he was ending his tenure on the panel when its mandate expires on Feb. 6.



(Read continues in Link)

Increasing employment

'In service of our country'





General Electric Chief Executive Jeffrey Immelt has been tapped to head a White House advisory board.

[mrvette]

Great, simply wonderful, so GE can further their investment in super high cost power devices, they make a killing either off the .gov or the prices WE pay at the outlet...

eff em forever....

[Will]

What a joke. Wake me when instead of ceremony and propaganda like this, Obama ACTUALLY CALLS FOR TAX CHANGE/REGULATORY CHANGE/LEGISLATIVE CHANGE that will ACTUALLY stimulate economic growth and promote job creation.

9.4% unemployment Dec. 2010

On pace for, AT BEST, 7.8% by Election Day 2012, or still .2% higher than when the clown took office.

The lowest unemployment rate under the entire Obama presidency will literally be the one Bush left him his 1st month in office, 7.6%.

[Z06PDQ]

my GE stock jumped.

[Exotix]

Originally Posted by _Will_

What a joke. Wake me when instead of ceremony and propaganda like this, Obama ACTUALLY CALLS FOR TAX CHANGE/REGULATORY CHANGE/LEGISLATIVE CHANGE that will ACTUALLY stimulate economic growth and promote job creation.

9.4% unemployment Dec. 2010

On pace for, AT BEST, 7.8% by Election Day 2012, or still .2% higher than when the clown took office.

The lowest unemployment rate under the entire Obama presidency will literally be the one Bush left him his 1st month in office, 7.6%.

You have a point ... I mean, what other sectors flourished under TARP & The Reinvestment Act besides the Banks ...

[mrvette]

Wail street is a bunch of crooks, no question....BUT....they not outdone by the crap pulled off by this .gov in DC.....through the CRA and all that housing crap.....

investors buying houses in block buster mode....renting to section 8's.....

all over suburban America.....

drive around the corner and watch the bums lay around on drugs....middle of the day 230.....lovely...

[Exotix]

Originally Posted by mrvette

Wail street is a bunch of crooks, no question....BUT....they not outdone by the crap pulled off by this .gov in DC.....through the CRA and all that housing crap.....

investors buying houses in block buster mode....renting to section 8's.....

all over suburban America.....

drive around the corner and watch the bums lay around on drugs....middle of the day 230.....lovely...

That's great consolation for conservatives who invested in *fancy financial instruments* ...

[mrvette]

Originally Posted by Exotix

That's great consolation for conservatives who invested in *fancy financial instruments* ...

Taught by the socialists in the BPA colleges back 40+ years ago.....

tell me about it....

[Exotix]

Originally Posted by mrvette

Taught by the socialists in the BPA colleges back 40+ years ago.....

tell me about it....

That sounds about right ... that's about when Bush was in college ...

YouTube - Wall Street Got Drunk

[mrvette]

Bushes were BOTH PROGRESSIVES....liberals, RINO's whatever...

the only guy even slightly conservative was Reagan, and even he got hoodwinked once in a while....

stick ME in there, I not touch the .mil....but hold ON to your ass when the entire wash lawyer/conngress and administrative staffs hit the jails....

I really don't think they could house all of them in DC stadium like they used to.....

you know, back in the day, those hippie kids were VERY lucky they not in front of MY car pulling all that crap.....

I"d run them over flat out and kept on going.....

stone seriously.....

attack MY car, they dead.....attack my work through wasteful taxation, I feel the same way.....I"m not a slave to anyone....piss on the .gov....

AND the herd of pigs they rode in on.....

[Will]

Originally Posted by Z06PDQ

my GE stock jumped.

Well, that's one way to find a silver lining. Congrats.

[mrvette]

Originally Posted by _Will_

Well, that's one way to find a silver lining. Congrats.

It jumped bacause someone thought Immelt was gone.....

missed the news.....

[Peter Pan]

He picked a real winner, GE stock is less than half when Immelt took over, a real success he has been for GE

[ChasC5]

BlaBlaBla. CryCryCry.

[Peter Pan]

Originally Posted by ChasC5

BlaBlaBla. CryCryCry.

I will give Obama credit he did pick a business man/woman vs one like himself who never has run a business, he is though running America into BR with all the red spending. At least Immelt only lost half of GE share holders net worth since he took over vs GM share holders getting the shaft and worthless stock and us taxpayers had to bail out all those union workers who were not at fault for any of GMs failures

[Z06PDQ]

the Greatest Capitalist of Our Time AKA the Oracle of Omaha/Warren Buffet knows a fellow capitalist when he sees one. that's why he voted for Obama & still supports him. you poor jackasses have let Beck,Rush,Palin & Co. dupe you into the Big Socialist Scare. joke's on you, boys!

[Exotix]

Originally Posted by Z06PDQ

the Greatest Capitalist of Our Time AKA the Oracle of Omaha/Warren Buffet knows a fellow capitalist when he sees one. that's why he voted for Obama & still supports him. you poor jackasses have let Beck,Rush,Palin & Co. dupe you into the Big Socialist Scare. joke's on you, boys!

In all of History of Mankind, it was the the Third Reich that signified the beginning of *a society outside of civilization* or the end of all races or master race ... it has been here as Hitlers legacy on mankind since ...

You can take it from there as to how and why Beck, Palin Rushbo et al and his minions have some how mistaken the power of the Founding Fathers that has lasted for 200 years now in the U.S. ... or the power of the U.S. Democracy ... as anything remotely like they think will happen ..

[Will]

Originally Posted by Z06PDQ

the Greatest Capitalist of Our Time AKA the Oracle of Omaha/Warren Buffet knows a fellow capitalist when he sees one. that's why he voted for Obama & still supports him. you poor jackasses have let Beck,Rush,Palin & Co. dupe you into the Big Socialist Scare. joke's on you, boys!

Are you kidding me? Buffet is a great investor. He is not a great economist or policy maker.

Every single American Nobel Prize winning economist in 2008 endorsed McCain. Because his plan, while not spectacular, was much better than Obama's plans.

I guess that's why the Nobel people were quick to give trade analyst Krugman one too, since unlike the others he's a loudmouthed socialist political hack.

[Z06PDQ]

Originally Posted by _Will_

Are you kidding me? Buffet is a great investor. He is not a great economist or policy maker.

Every single American Nobel Prize winning economist in 2008 endorsed McCain. Because his plan, while not spectacular, was much better than Obama's plans.

I guess that's why the Nobel people were quick to give trade analyst Krugman one too, since unlike the others he's a loudmouthed socialist political hack.

who cares what label you want to put on him. Buffet is one of the most savvy business men in the world & the wanna be's follow him around & greedily eat his droppings. Buffet knows the markets & he knows policy & finance inside & out. he knows people. THAT'S why he supported who he did. guess what? it paid off. his holdings are growing & his profits are soaring. BNSF RR [which he recently bought] is posting RECORD PROFITS! this is a Fortune 500 company over 100 years old. great capitalists know who to get behind to achieve what will help their businesses & Buffet lived up to his rep.

[VITE1]

Originally Posted by Z06PDQ

the Greatest Capitalist of Our Time AKA the Oracle of Omaha/Warren Buffet knows a fellow capitalist when he sees one. that's why he voted for Obama & still supports him. you poor jackasses have let Beck,Rush,Palin & Co. dupe you into the Big Socialist Scare. joke's on you, boys!

I got scared when I saw this.

[IMG][/IMG]

And to think people voted for him.