Obama chose General Electric CEO Jeffrey Immelt to head the new “White House Council on Jobs and Competitiveness,” and named JP Morgan Chase executive and former COC board member William Daley as his chief of staff.
Since 2009, GE has closed more than 25 manufacturing plants in the US
and slashed thousands of jobs, according to the United Electrical, Radio
and Machine Workers of America. While GE has laid off at least 10,000
workers in the US, it has created more than 30,000 jobs in India over
the past decade. The administration’s job czar runs a company that
employs more workers overseas than it does in the US.
Immelt said, "When I am talking to GE managers, I talk China, China,
China, China, China. You need to be there. You need to change the way
people talk about it and how they get there. I am a nut on China.
Outsourcing from China is going to grow to $5 billion. We are building a
tech center in China.
The banks that received $13 trillion in bailout money and subsidies with no strings attached are also posting record profits and paying their CEOs multi-million dollar salaries. 2010 was JPMorgan Chase’s most profitable year.
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Hiring the leaders of America's corporate criminal mob to work inside the white house is either terribly UN-like a true Democrat, or terrifically wiley way to turn them from the dark side. Personally I do not think this president is ANY SORT OF DEMOCRAT that I would even care to even sit and drink a beer with, though I would vote for him again before ANY lying, thieving, whore republican.
As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.