Bill Bradford: Is Barack an accomplic to unemployment?

Published 11:56 pm Tuesday, January 25, 2011

What would most influence your decisions on personnel appointments if you were a person in political office?

bradfordWould it matter if a prospective appointee had given a lot of money to your political campaign fund or had the potential to do so?

If an appointment was to an influential national post, would it matter if his or her past record showed a great deal of behavior which was against our national interests?

Would you appoint the person who just made a deal with a foreign nation which some liken to treason ?

Unemployment is a crippling national problem here in the United States.

And that unemployment affects the well-being of our American families!

Some would give our past President Clinton some of the credit for that unemployment problem because under his administration the United States became a party to NAFTA, the North American Free Trade Agreement.

Many products formerly made in our country are now made in other countries by their laborers and shipped back for us to buy.

Looking at the countries of origin on the labels of the clothes in our stores, it is evident where the jobs in our United States clothing industry have gone.

But let’s get back to the question of the political appointment.

Recently, our President Obama appointed Jeff Immelt, CEO of GE (General Electric) to head the President’s Economic Advisory Panel.

Would you expect that the President of our nation would appoint to that position, a person who would put our national interests and the welfare of our workers front and center, or at greater hazard?

Phil Davis, a market commentator of Stockworld.com, has offered some salient information on that question.

When Immelt took over GE, 52 percent of his workforce was in the U.S.

Now 44 percent of the GE workforce is in the U.S.

Since 2002, when Immelt took over, the company’s U.S. workforce has decreased by 31,000 jobs.

In the past year, GE has decreased its number of U.S. employees by 18,000.

Good choice to advise the President of our United States about economic policy ?

But contributing to our national unemployment catastrophe at GE may not be Immelt’s most egregious action affecting our country’s well-being.

“It’s the same Jeff Immelt who just signed a deal to transfer America’s Avionics Technology to China’s state-owned Commercial Aircraft Corp. Of China.

“That China aircraft corporation will go into direct competition with Boeing. Boeing directly employs 157,000 people, mostly in the U.S., and Boeing’s acquisitions of parts, mostly from American suppliers, accounts for about another 1 million jobs in the U.S.

Thus, Boeing is the generator of about 10 percent of the American manufacturing jobs.

Boeing is a major supplier of not only commercial aircraft, but also a major supplier of military aircraft.

GE had taken about 100 years accumulating the patents and technology to some of the finest aircraft avionics in the world.

Now Immelt has sold it to China, a nation which is at least a competitor, but also a possible adversary.

Yes, our nation is deeply in debt.

And yes, China is a major lender to finance part of that debt.

But has it come to the place where we must sell some of our crown jewels on their demand and to our own impoverishment?

Is this one of the consequences of our government’s recent spending binge?

Is Immelt a good choice to advise our President on economics? Really?

Why, Mr. President?