There is something oddly poetic about choosing a light bulb maker to head a team searching for economic ideas.
President Barack Obama named General Electric CEO Jeff Immelt to lead a new presidential advisory group called the Council on Jobs and Competitiveness.
Obama said Immelt knows a thing or two about innovation given that he heads the company founded by Thomas Edison.
China was still clearly on the president’s mind two days after treating President Hu Jintao to a top-of-the-line White House welcome. In Schenectady today, Obama repeatedly mentioned the importance of selling American goods to China, and other countries.
“We want an economy that’s fueled by what we invent and what we build. We’re going back to Thomas Edison’s principles. We’re going to build stuff and invent stuff,” he said.