The White House says tonight’s State of the Union will focus on jobs. Good!
And last week the president got a head start by announcing a new Council on Jobs and Competitiveness to help create new jobs. Also good.
Indeed, everybody’s happy with creation of the council. But a lot of people are unhappy that President Obama picked Jeffrey Immelt, head of GE, as its chair.
As Tom Buffenbarger, President of the Machinists Union, pointed out on our program, GE has one of the worst jobs records of any American corporation.
According to its own reports, GE had 165,000 U.S. employees in 2004; last year, only 134,000. But during that same period, the number of overseas employees jumped from 142,000 to 170,000. In other words, they’ve been exporting jobs faster than they export washing machines.
And in 2009 and 2010, GE shut down four U.S. plants – in Morrison, Illinois; Albuquerque, New Mexico; Richmond, Virginia; and Louisville, Kentucky – and moved those jobs to Asia.
Jeffrey Immelt’s the wrong man for the job. He only knows how to create new jobs overseas. We need help creating jobs in America.
That’s my parting shot for today.