President Obama visits a GE plant in Schenectady,
N.Y., and says company CEO Jeffrey Immelt will
lead a new panel aimed at 'putting our economy
into overdrive.'
President Obama listens to General Electric's CEO
Jeffrey Immelt speak at GE headquarters in
Schenectady, New York. Obama named Immelt
to head a new economic advisory panel focused
on promoting growth by investing in business.
President
Obama used a visit to a GE plant in upstate New
York to outline a new mission for his economic
team, a shift from economic rescue into
"overdrive" spurred in part by a ramping up of
American exports.
The event at the birthplace of GE also served as
the introduction of the company's CEO, Jeffrey
Immelt, as the leader of Obama's new Council on
Jobs and Competitiveness. It will replace the
Economic Recovery Advisory Board he created
two years ago after taking office.
After touring the Schenectady plant, Obama
highlighted the company's expansion in the
region, which he said benefited from tax breaks
extended in the recent tax compromise and his
administration's trade deals with nations like China
and India.
"For America to compete around the world, we
need to export more goods around the world,"
he said. "This is how we go from an economy
that was powered by what we borrow and what
we consume. … We want an economy that is
fueled by what we invent and what we build."
That's in part the mission of Obama's new
council, and why he named Immelt to lead it.
Additional members, which he said would
represent the business, labor and academic
communities, will be named soon.
"The past two years were about pulling our
economy back from the brink. The next two
years, our job now, is putting our economy into
overdrive," he said. "Our job is to do everything
we can to ensure that businesses can take root
and folks can find good jobs and America is
leading the global competition that will determine
our success in the 21st century."
Friday's announcement comes toward the end of
a significant overhaul of the Obama
administration, and the start of a likely reelection
effort.
The White House has said a key theme of
Obama's State of the Union address Tuesday will
be building on the nation's economic recovery.
Source: Http://www.latimes.com/news/politics/la-pn-obama-schenectady-20110122,0,1821275.story
N.Y., and says company CEO Jeffrey Immelt will
lead a new panel aimed at 'putting our economy
into overdrive.'
President Obama listens to General Electric's CEO
Jeffrey Immelt speak at GE headquarters in
Schenectady, New York. Obama named Immelt
to head a new economic advisory panel focused
on promoting growth by investing in business.
President
Obama used a visit to a GE plant in upstate New
York to outline a new mission for his economic
team, a shift from economic rescue into
"overdrive" spurred in part by a ramping up of
American exports.
The event at the birthplace of GE also served as
the introduction of the company's CEO, Jeffrey
Immelt, as the leader of Obama's new Council on
Jobs and Competitiveness. It will replace the
Economic Recovery Advisory Board he created
two years ago after taking office.
After touring the Schenectady plant, Obama
highlighted the company's expansion in the
region, which he said benefited from tax breaks
extended in the recent tax compromise and his
administration's trade deals with nations like China
and India.
"For America to compete around the world, we
need to export more goods around the world,"
he said. "This is how we go from an economy
that was powered by what we borrow and what
we consume. … We want an economy that is
fueled by what we invent and what we build."
That's in part the mission of Obama's new
council, and why he named Immelt to lead it.
Additional members, which he said would
represent the business, labor and academic
communities, will be named soon.
"The past two years were about pulling our
economy back from the brink. The next two
years, our job now, is putting our economy into
overdrive," he said. "Our job is to do everything
we can to ensure that businesses can take root
and folks can find good jobs and America is
leading the global competition that will determine
our success in the 21st century."
Friday's announcement comes toward the end of
a significant overhaul of the Obama
administration, and the start of a likely reelection
effort.
The White House has said a key theme of
Obama's State of the Union address Tuesday will
be building on the nation's economic recovery.
Source: Http://www.latimes.com/news/politics/la-pn-obama-schenectady-20110122,0,1821275.story
