President’s Job Council Wants to Return Jobs to the US

President Obama met today with his Council on Jobs and Competitiveness to discuss new policies and initiatives to strengthen the US economy, provide more jobs, and increase US global competitiveness. The council, chaired by General Electric Co. (NYSE: GE) CEO Jeffrey Immelt issued it’s year-end report yesterday.

According to a White House press release, “Of the 35 Council recommendations that don’t require legislative action, the Administration has taken action on 33 and completed implementation on 16.” The PR calls out three new areas of focus to increase US competitiveness:

• Invest in Our Future with Education and Innovation: This strategy is focused on ensuring Americans have the right education and skills to realize their full potential, and cultivating a vibrant innovation ecosystem that supports new ideas.
• Build on Our Strengths in Manufacturing and Energy: This strategy is focused on the manufacturing sector and how we can scale up and support clean energy while responsibly accessing unconventional supplies.
• Play to Win through Regulatory and Tax Reform: This strategy is focused on instituting longer term regulatory and corporate tax reform to support job creation.

Twenty-four business leaders and academics served on the President’s council.