06.13.11

The President has left the building (continued)

Posted in Culture of Lickspittle, Made in China, Permanent Fail at 10:22 am by George Smith

UPDATED

The President continues his co-opting of tricks from the GOP playbook along with the community college obsession/cure-all in a swing through the south.

The latest, from the wires, is so Republican: We can only create jobs if we cut the deficit. Deficit cutting is job creation.

Also:

Before meeting with his jobs council at Cree, Inc., Obama toured a portion of the plant where LED lights are assembled. He met Josephine Lynch, a 43-year-old mother of four who landed the job two months ago after nearly three year of unemployment. She was a substitute teacher in New Jersey before losing her job. She then went back to school to get her electronics certification.

Obama hopes millions of unemployed workers will follow Lynch’s example by going back to school to get training for jobs in new industries, such as clean energy.

Empirical proof they’ve settled on the idea that mass unemployment is caused by stupid underskilled Americans who need to go to training camp to meet the skills of the 21st century. When all the data shows unemployment as a lack of demand, with the highly-trained as well as the unskilled hit.

Timed with Obama’s appearance with his “jobs council,” a Jeffrey Immelt authored piece on the opinion pages of the Wall Street Journal.

You wouldn’t expect much from Immelt, now more famous because of GE’s reputation as a giant tax evader, and he does not disappoint.

Tacitly admitting the US is up the creek, he recommends encouraging tourism as a way to job creation:

Boost jobs in travel and tourism. This industry is one of America’s largest employers, but the U.S. has lost significant market share. By making it easier to visit the U.S. through improved visa processes, we can win back market share in travel and tourism and create hundreds of thousands of jobs.

Homeland security screening has not been good for tourism, it’s true. However, the idea that we’re going to magically rebound as a beacon to the world and a surge in an employment will result if we only loosen up the asshole at the Customs gate is surely grasping at straws.

Plus, there’s the community college thing:

There are more than two million open jobs in the U.S., in part because employers can’t find workers with the advanced manufacturing skills they need. The private sector must quickly form partnerships with community colleges …

Nobody, not the President or Immelt, mentions that a lot of the jobs that go to people successfully placed after retraining camp community college pay much less than the jobs held prior to entering camp. And some of them pay so poorly there’s no book for someone with a family to chase them around the country.

“By year-end we also will have looked at and made recommendations on building and improving systems for national competitiveness, including R&D investment, tax policy … ” Immelt continues.

Immelt had the gene for shame surgically removed years ago.

“America needs more growth … Government, business and labor need to work together to get this done,” Immelt concludes.

Thanks, Dad. Did you buy lunch for the staffer who wrote this for you?


Good news, lads! Good news! The view count ticks up every time Jeff Immelt is in the news.

In related matters, General Electric has permanently dispensed with the happy line dance. Now its commercials are about all the “imagination” it’s bringing to life, since a lot of this “stuff” is done overseas, a sore point.

Now the commercials are about GE Capital financing American businesses. Or technology not made here, like a medical scanner. Or technology that’s not really new but mostly sold to foreign countries, now misleadingly cast as improving American conditions, like GE gas turbines.

Reads one GE page:

Some of GE’s biggest global growth drivers are built right here in the U.S. Our Greenville, South Carolina, site is the largest gas turbine manufacturing plant in the world, producing the majority of its advanced gas turbines for global export.

Built in 1968, this GE Energy site originally housed 250 employees and focused on building the Frame 7 gas turbine. Today, the Greenville site manufactures a diverse range of energy and infrastructure products on a campus spanning 413 acres with over 3,000 employees.

GE Energy’s innovative solutions, such as fuel flexibility for turbines, have been critical in winning major deals, including the $3 billion agreement signed between GE Energy and the government of Iraq, the largest single win in the history of GE Energy.

Iraq.

From a 2005 news story on the GE Greenville gas turbine plant:

General Electric’s strategy of pursuing environmentally friendly business has given its Greenville site new jobs making wind turbines, softening the blow of layoffs that cut the plant’s work force by more than 600 jobs in the past three years.

And from a recent job posting report on GE hiring in Madisonville, Kentucky:

State workforce development spokesman Stan Hill told The Messenger that more than 2,200 people applied for the 48 jobs at the Madisonville GE plant.

Forty-eight. The same as the number of states in the lower US.

And from another GE manufacturing facility in Oregon in 2009:

More than 200 employees will be laid off from GE Security’s Tualatin manufacturing facilities this year, company officials confirmed Monday. GE Security, which makes video, access-control and anti-intrusion products, is cutting all of its manufacturing jobs in Tualatin, moving them to GE locations across the United States and Mexico, said spokeswoman Michelle May.

And this summation on GE’s nature at CNBC:

“GE exists for the benefit of the executives and the directors,” Meyer says.

“The four executives I looked at received and realized total compensation of roughly $30 million a year during a time when the stock price declined and underperformed the S&P 500. Immelt totally underperformed and totally missed expectations.”

Meyer made the right move for his client, as GE shares are down more than 45% since the beginning of 2007, before the financial crisis that crushed GE Capital, one of the company’s many business units. While the finance unit has stabilized in recent quarters after Immelt shrunk it, GE’s reputation has been tarnished in other ways.

The upshot is that it takes thirty seconds to find lots of Internet notices and news about GE destruction of jobs in the past decade.

But everyone knows this. Which only makes Jeff Immelt’s advice on job creation all the more odious.

But that seems to be the corporate lizard brain for ya. It was just two months the company was still into this smarmy ad campaign on YouTube.

Comments are closed.