Obama launches new push for US jobs, tapping GE's Immelt to help
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.
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