With the lingering unemployment problem in the United States,
President Barrack has chosen an unlikely businessman to help him in mapping out
a solution. The Chief Executive Officer of General Electric, Jeffrey Immelt,
was hired by President Obama as the new jobs czar to come
up with measures to boost American companies into hiring again. But what can
the Obama administration get from an executive who practice global outsourcing
of jobs when it comes to the challenge of solving domestic unemployment in
America?
Despite
his company’s aggressive drive to outsource jobs around the globe, GE is
actually among the largest contributors in terms of domestic job creation in
the United States. GE CEO Immelt is pushing the Obama administration into
generously investing in job creation. Immelt says that while politicians both
from the sides of the Republicans and Democrats are busy pronouncing solutions
to the economic downturn, not much time is spent in discussions regarding job
creation.
At least 300,000 new jobs for Americans need to be created each
month for the US to regain its footing just before the recession. Bent on solving the employment vacuum, Immelt
and his company are actually constructing infrastructures for their
manufacturing plants in the US. Immelt is also bringing back employment for
thousands of workers who lost work opportunities due to companies which have
gone global in their operations.
Now, the powerful
businessman is challenging investors to pour
in their billions of dollars in the US. He says that while companies enjoy the
perks of tax breaks and tax holidays, these savings from taxes must not lay
idle. Instead, the money should be converted into actual businesses and
factories that will trickle down as wages to workers.
From being a businessman to a globalist job creator, Immelt is
surely one of the few who have made an impact in both the private and public
business sector.
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