CEO of GE will head new economic advisory board - jobs

[vistalad]

From an Associated Press article by Jim Kuhnhenn:

A new board, called the President's Council on Jobs and Competitiveness will replace the Economic Recovery Advisory Board when the latter's mandate expires on Feb.6.

Jeffrey Immelt, CEO of General Electric, will head the new board.

The White House says that the new board's mission will be to help generate ideas from the private sector to speed up economic growth and promote American competitiveness.

Immelt's appointment adds another corporate insider to the White House team, underscoring its efforts to build stronger ties to the business community.

Obama's choice of Immelt to head the competitiveness panel won applause from the Chamber of Commerce, which called it a "promising step" toward creating jobs and enhancing U.S. competitiveness. But the Alliance for American Manufacturing condemned the choice, dismissing Immelt as "an outsourcing CEO" whose appointment would "alienate working class voters." That underscored a fine line for Obama in pushing for growth into the global marketplace while still looking out for the interests of U.S. workers.

http://www.sfgate.com/cgi-bin/article.c ... 103S68.DTL

[jamesw62]

conflict of interest because GE got billions in bailouts even though they were and still are not a bank.
obama gave it to em anyways