by Julia Tavlas on February 4, 2013 · 1 comment
Last Friday, the unemployment rate crept up to 7.9 percent. Ironically, this news came a day after members of the Council on Jobs and Competitiveness received their pink slips. On Thursday, the council’s charter expired and the committee was disbanded. In January 2011, when unemployment had surpassed 9 percent, President Obama appointed business leaders to the council, which was founded to help create jobs. According to the Council’s website, its mission was to:
Develop realistic, achievable ideas that business and government can put into practice starting now. The best ideas for investing in America, getting our economy back on track and creating jobs.
When Jeffrey Immelt, CEO of General Electric, was appointed to chair the Council, he acknowledged job creation and economic growth would be a slow and arduous process. He stated,
There’s no easy button to push to make the economy better, but every day we see more signs of life.
Signs of life? Break out the toe tags; the economy is as dead as the council. In its two year existence, the council had met only four times, and its last meeting was more than a year ago. Meanwhile, tens of millions of Americans remain under- or unemployed.
My Take - Why are men in positions of responsibility so ridiculous. There are a number of things happening that will have very long term negative consequences, just like Jimmy Carter’s Community Reinvestment Act did thirty years after passage. That is what caused this current economic meltdown. First and foremost is government waste –they call it spending, but huge amounts are nothing but waste – raising taxes and the real hidden poison killing recovery are all the new regulations being foisted on society and the business community. So if all these negatives are growing how can someone like Immelt say that “every day we see signs of life”? It must be twitching nerves. How does someone like that get to be a CEO of a large corporation?
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