Is this another example of Obama's ineptness at handling the Economy? Can the Country stand more of this?

Jeffrey Immelt, CEO and chairman of GE was picked by Obama to head the President's Council on Jobs and Competitiveness. "Immelt has applied this reasoning at his own company. While he expressed doubts this past summer about China's openness towards foreign multinationals, he's also created more and more ties between China and GE. Most recently, the company announced a deal with a major state-owned Chinese aviation firm. The company received criticism that the deal, which would involve sharing high-level technology, will eventually enable Chinese manufacturers to produce competitive products cheaper than U.S. companies. But these are the kind of tough business decisions that companies will have to make more and more, according to Immelt's reasoning. Immelt was, noticeably, one of the few business leaders to attend a business summit at the White House this week with Chinese President Hu Jintao." Immelt has now made a deal with a Chinese Company that will help them (THE CHINESE) compete against us (UNITED STATES). How is this helping our (The United States) Jobs & Competetivness?

Asked By: Hugh Jorgan - 8/24/2011
Best Answer - Chosen by Asker
Excellent point. "Jeffrey Immelt, CEO and chairman of GE was picked by Obama to head the President's Council on Jobs and Competitiveness." Yeah, right--Jobs and Competetiveness for WHOM? Gee, I thought it may have been for AMERICA. Sadly, under 0webaamy's regime, apparently not.
Answered By: Obamageddon - 8/24/2011
Additional Answers (5)
If he were inept, he'd SOMETIMES do something helpful just by luck. He knows what he's doing.
Answered By: Peace through blinding force - 8/24/2011
Imho, no. Ineptness is the wrong word. President Obama is doing the job he was put in office to do, the only job that he or any other president, Dem or Rep, would be allowed to do, namely to make the rich richer and the poor poorer... More
Answered By: socrates - 8/24/2011
Immelts actions certainly do not look good. How are libs going to spin this? Even Holmes admitted it looked bad.
Answered By: timetravler - 8/24/2011
When you say that this will enable Chinese manufacturers to produce products cheaper than US companies, that is nothing new. GE claims that they get their light bulbs produced in China for one tenth the cost of producing them here, plus they will get to sell their light bulbs to over a billion Chinese consumers. That... More
Answered By: Older is Better - 8/24/2011
Immelt, king of the short bus riders.
Answered By: Captain Crackbarry - 8/24/2011
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