Obama names GE's Jeffrey Immelt to new economic advisory board:
President Obama used a visit to a GE plant in upstate New York to outline a new mission for his economic team, a shift from economic rescue into "overdrive" spurred in part by a ramping up of American exports.
The event at the birthplace of GE also served as the introduction of the company's CEO, Jeffrey Immelt, as the leader of Obama's new Council on Jobs and Competitiveness. It will replace the Economic Recovery Advisory Board he created two years ago after taking office.
After touring the Schenectady plant, Obama highlighted the company's expansion in the region, which he said benefited from tax breaks extended in the recent tax compromise and his administration's trade deals with nations like China and India.
General Electric plans to sell its aircraft electronics to Chinese companies, and if you don't have a problem with that, maybe you should. After all, China just test flew a prototype stealth fighter (pictured), it continues to build up its military - and we can only hope it's not planning to expand its territory in ways that threaten the US.
But if China does decide to get aggressive with the United States, GE will have provided it with the aircraft technology it will be using.
