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Reply #40: Should GE's Jeffrey Immelt Really Be Leading Our Job Creation Strategy? [View All]

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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-22-11 10:12 PM
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40. Should GE's Jeffrey Immelt Really Be Leading Our Job Creation Strategy?
Should GE's Jeffrey Immelt Really Be Leading Our Job Creation Strategy?
By Scott Paul
Executive Director, Alliance for American Manufacturing
January 21, 2011

There is no swifter way to alienate working class voters than to name an outsourcing CEO to lead your jobs strategy. Yet that's exactly what President Obama is doing.

General Electric CEO Jeffrey Immelt has fooled the media and the White House into believing that he cares about American manufacturing jobs. I have a hard time imagining a worse pick, unless Obama would have tapped Immelt's predecessor Jack Welch, who seemed fine with the idea of putting factories on barges in search of the lowest wages in the world.

Let's look at GE's jobs record. You would have difficulty finding a company that has outsourced more jobs and closed more American factories than GE. While they have slashed their American workforce to fewer than 150,000, GE has dramatically expanded its global presence, now employing over 300,000 workers worldwide. Yes, GE has brought a trickle of jobs back to the U.S. over the past two years, but it still outsources more than it insources. And those executives at GE are not clueless--they realize the value of good publicity as it announces new hires at a time like this. But they do not devote nearly the same amount of publicity to their factory closings.

Read the full article at:

http://www.huffingtonpost.com/scott-paul/should-ges-jef...
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