Ed. Note: Watch a live stream of President Obama’s announcement and remarks on the economy from General Electric in Schenectady, New York on WhiteHouse.gov/live at 1:05 PM EST today.
This afternoon, in Schenectady, New York, President Obama will announce the President’s Council on Jobs and Competitiveness – a board to get Americans back to work and strengthen our economy that will be chaired by Jeff Immelt, the CEO and Chairman of General Electric.
For the past two years under the leadership of Paul Volcker, the President’s Economic Recovery Advisory Board (PERAB), has provided outside advice and counsel as the administration has taken bold steps to recover from the worst economic crisis since the Great Depression. On February 6, 2011, the PERAB two-year mandate will expire, as scheduled.
As we enter a new phase in our economic recovery, the President’s Council on Jobs and Competitiveness will have a new composition and new mission. The Council will focus on finding new ways to promote growth by investing in American business to encourage hiring, to educate and train our workers to compete globally, and to attract the best jobs and businesses to the United States.
Here’s what President Obama said about the new Council:
Fonte: White House