The economy is 'not growing fast enough yet,' Obama acknowledged Friday, speaking to GE workers in Schenectady, N.Y. Will GE's CEO, Jeffrey Immelt, prove to be his guide to building a more competitive America?
J. Scott Applewhite/AP/File
The selection of Immelt, one of America's most prominent chief executive officers, comes after Mr. Obama has convened a CEO summit, pledged a looser regulatory hand, and made other moves designed to persuade employers that they should start hiring and investing in the US again.
"The economy is in a different place" than two years ago, Obama told workers at a GE plant in Schenectady, N.Y. But, though the economy is again growing after a deep recession, the president acknowledged that "it's not growing fast enough yet."
Faster private-sector job creation holds the key to bringing down unemployment and restoring paychecks to about 8 million Americans whose jobs disappeared during the recession.
Page 1 of 4