This Is What Happens When You Put Democrats In Charge............

With jobs czar under fire, new data confirm offshoring trend - Yahoo! News

Tue Apr 19, 11:52 am ET
With jobs czar under fire, new data confirm offshoring trend

By Zachary Roth

In January, the White House appointed Jeff Immelt, the CEO of GE, as its "jobs czar," charged with finding solutions to America's unemployment crisis. Three months later, despite some positive signs, employment rates have barely budged, Americans are more pessimistic about the economy than they've been in a while--and Immelt is under fire amid news that GE reportedly paid no taxes this year.

And some new jobs data may not help things. The Wall Street Journal reports (sub. req.) that during the last decade U.S. multinationals reduced their domestic workforce by 2.9 million, according to Commerce Department figures. During the same period, those same companies increased their overseas workforce by 2.4 million. (Here's a chart that nicely lays it out.) As recently as the 1990s, things were different: Multinationals were adding jobs both domestically and overseas.

Worse, Immelt's own company may be a case study for the shift. As we've reported, the number of workers employed by GE in the United States fell from around 162,000 in 2000 to 134,000 in 2009.

When President Obama named Immelt to chair the President's Council on Jobs and Competitiveness, he said the GE leader "understands what it takes for America to compete in the global economy."

But some observers have expressed frustration at what they see as the White House's complacency on jobs. Last month, Christina Romer, the former chair of the White House Council of Economic Advisors, publicly slammed the Obama administration for what she called "shameful" inaction.

A coalition of progressive groups led by Russ Feingold, the former Democratic senator from Wisconsin, recently seized on the news of no taxes from GE to launch a campaign aimed at ousting Immelt from the jobs czar post.

U.S. multinationals are a crucial player in the economy. They employ about 20 percent of all American workers, and, according to the McKinsey Global Institute, account for 23 percent of the country's private-sector output. Since they're more exposed to global trends, they often point the way toward where the economy is going.

 

Immelt & GE also own a good chunk of the national media so all this "responsibility" BO has bestowed upon Immelt is a lot of political payback (at the public's expense). BO had to appoint Immelt as a czar so he could forego the vetting process.

 

[video]http://www.cbsnews.com/video/watch/?id=7352467n[/video]

 

I thought this thread was about what happens when Democrats are in charge, not Republicans... please try to stay on topic.

 

You totally do not get it, do you? And how many trillion dollars did/do these 200,000 jobs cost?

 

I thought it was about jobs, jobs, jobs...

 

It's about Democrats losing jobs, jobs, jobs...

 

Funny, the unemployment rate seems to be dropping unlike the 750,000 jobs being lost every month when the Dems took over. I'm still wondering where the first jobs bill or even a discussion of jobs in going to come out of Boehner's tenure. I guess restricting women's reproductive rights is far more of a pressing issue. Remember Jobs, Jobs, Jobs...

 

I am still looking for the first jobs produced by the Democratic controlled government since 2006 - and BTW, they still control most of the government.

 

Yeah, I've heard this dodge plenty of times. The money is controlled by the HOUSE not the president.

 

Don't you remember? BO released some figures last year to prove his actions were working. He cited a couple of areas that gained jobs. Oh, wait. Those figures were proven to be a lie weren't they? The jobs didn't exist, heck, the area didn't exist!!
But it made a good story I guess.

 

Tell Boehner that. I am sure he will be elated to learn that the house can do whatever they want with the finances and the Senate and BO cannot stop him.

Hey! I wonder why Pelosi didn't think of that. Just imagine what she could have done. That's right. She did and look what it got us!

BTW, "DODGE"?!?!?! Boehner has only had 3 months to undo what the dips have been screwing up for 4 years. It takes a lot longer to fix than it does to screw it up - particularly since the dips are still in charge.

 

Jobs, jobs, jobs is important but the left's mantra of kill, kill, kill also has to be kept in check.

 

Are you saying that you would oppose any measure that would eliminate federal jobs?