General Electric Co. President Jeffrey Immelt, who has put in considerable time as a key player in media and television as part of the team running the company that owned NBC, has been named by President Obama to head the new White House Council on Jobs and Competitiveness, USA Today reported.
The creation of the council and the appointment of its high-profile leader are part of a renewed emphasis by the Obama administration on jobs and economic recovery during the second half of Obama’s presidential term.
"We think GE has something to teach businesses all across America," Obama said, speaking to workers at GE’s plant in Schenectady, N.Y.
“The company, which Obama and Immelt described as having weathered the recession well, recently signed a $775 million agreement with India to supply steam and gas turbines to a power plant there,” USA Today reported. “The White House said the deal would help support 1,600 jobs in at the plant and lead to $500 million in exports.”
"For America to compete around the world, we need to export more goods around the world," Obama said. "That’s where the customers are. It’s that simple."