Posted on 02/28/2011 4:14:41 PM PST by FromLori
And there was a time when people thought Obama was out to get the bankers...
From Citi
Richard Parsons, chairman of the board of directors of Citigroup, has been named to President Barack Obama's advisory panel on jobs and the economy. The President's Council on Jobs and Competitiveness, to be chaired by General Electric CEO Jeffrey Immelt, will focus on ways to promote growth and hiring in American businesses.
We expect someone to tell us that between the two, their respective companies have seen headcuts well into the tens of thousands. As a reminder, under Immelt alone, GE's track record of employment of US workers has been an utter and complete disaster.
[Immelt] runs a big company, but Immelt has shown more skill at cutting jobs, frankly, than creating GE finished 2009 with 18,000 fewer US workers than it had at the end of 2008, and US headcount is down 31,000 since Immelt's first full year in 2002. During his tenure, GE workers based in the US as a percentage of total employees has fallen to 44% from 52%.
Perhaps if the members of the Immelt panel had more time to focus on fixing their companies so they did not rely 100% on the generosity of the US taxpayer, this country would actually generate some (non part-time) jobs...
Unholy alliance bump. Citi is an off-balance-sheet department of the us government.
Think I’ll cancel my CitiBank CC...
Not only Citi with the unholy alliance how about life long democrat Lloyd Blankfein and obozo’s favorite banker Jamie Demon.
While all the small conservative banks failed it’s mind boggling.
ohgawd that's a hoot. The most inefficient house on the street, and a pioneer in outsourcung to Mumbai.
Go to hell Obama, you lying anti American charlatan. I dont know whose balls you're using, but they're brass.
The “Crony Council.”
Or, maybe: “The Council of Cronies.”
If that doesn’t work, how about “The Crony Chamber.”
Or “The National Chamber of Cronies.”
No, that’s no good.
Disgusting! While the Oscar went to ‘Inside Job’ these guys continue to be rewarded for their crimes.
Yeah. "Jeff Immelt's Jobs Panel" should have been called "Jeff Immelt's Job Panel."
Breaking News: JPMorgan May Need Another $4 Billion For Legal Losses
lol I know but you would be amazed at how many people even on site that support those banks and have no clue.
by now there should be no doubts that barack hussein Obama is an enemy of America.
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