Parting Shots: ‘Mission not accomplished’ for Obama’s Jobs Council

Feb 29, 2012 | 07:00 PM |

Tags  Parting Shots, Jobs Council, Obama, unemployment rate, Thomas Graham

The Jobs Council, or more formally the President’s Council on Jobs and Competitiveness, has published its report, closed up shop and faded into history. President Obama created the council and tasked its members to “create jobs in the short term and improve our nation’s competitiveness over the long term.” Presumably, the short term meant before the November 2012 elections.

To lead this effort, the President called on his very favorite chief executive officer, General Electric Co.’s Jeffrey R. Immelt. As a first observation, the makeup of the council had to raise eyebrows, given its specific mission. Of the 27 identified members, eight were bankers or in financial-related activity. (Including the chairman, as General Electric is really an unregulated bank.) Two were academics, two were trade union executives, four were manufacturing chief executive officers and the remaining 11 were in transportation or services industries. Notable by their absence were any steel, aluminum, energy, auto or construction equipment executives. Well, these might be minor league industries. Or maybe they are all Republicans.....

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