January 21, 2011


President Barack Obama needs to cast some light on economic victory stories in the shadows of a slow recovery. And he is looking to find some more.

On Friday, the president movements to Schenectady, N.Y., birthplace of the General Electric Co., to showcase a new GE deal through India and announce a restructured presidential advisory board to focal point on increasing employment and competitiveness.Obama is naming GE CEO Jeffrey Immelt as the head of a commission on Jobs and Competitiveness.The panel replaces Obama's Economic Recovery Advisory Board, which had been chaired by former Federal Reserve Chairman Paul Volcker. Obama announced late Thursday that Volcker, as expected, was ending his occupancy on the panel.

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