Print 51 comment(s) - last by The Raven.. on Feb 24 at 2:54 PM

So is this a "real" position or one of those "" positions?   (Source: Reuters)
Otellini will give Obama a helping hand on getting Americans back to work

Intel Corp.'s chief executive Paul Otellini has been tapped by U.S. President Barack Obama to be a member of the President's Council on Jobs and Competitiveness.  General Electric chief executive Jeffrey Immelt chairs the panel.  Its goal is to put Americans back to work, post recession and to promote skilled and professional jobs.

The White House says that it will name more board members in coming weeks.  President Obama, following the severe recession of 2008 and 2009, first created the board in 2009.

President Obama is currently wrapping up a West Coast trip, in which he dined with the likes of Steve Jobs (Apple), Mark Zuckerberg (Facebook), and Eric Schmidt (Google).  Today he is touring Intel's Hillsboro, Oregon facility, accompanied by Mr. Otellini.

Mr. Otellini is only Intel's fifth chief executive.  He has been with the company for over three decades, having joined in 1974.  He slowly climbed the ranks, gaining notice as the general manager who supervised the design of the first Pentium processors in 1993.  From there he became executive vice president and general manager of the Intel Architecture Group, supervising chipset and processor development.

In 2002 he was elected to the company's board of directors and became president and chief operating officer.  In 2005, he replaced Craig Barret as chief executive.

During his reign as chief executive he sold Apple on the idea of using Intel processors and oversaw the launch of the highly successful Core series of processors.  Despite these successes, he's had to make cuts, committing to the largest series of layoffs in the company's history during the downturn.

Now he's going to be looking to put Americans back to work.

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Better than nothing
By Zoridon on 2/19/2011 1:34:32 AM , Rating: 2
In case anyone hasn't noticed, I'm not a big Obama fan. But I try not to let emotion cripple my judgement. In this case Intel is as good a start as most on who DC should be listening too. I'd also like to see Wallmart, Ford, someone from the food industry, for an even balance. That being said, I wont hold my breath believing DC is really going to take what "Business" has to say about improving the economy. After all they are constantly pointing the finger at "BIG" business while neglecting to take responsibility for run away deficit spending and policies that kill job creation.

RE: Better than nothing
By Beenthere on 2/19/2011 7:43:52 PM , Rating: 1
This ain't rocket science and talking to convicted criminals like Intel is what I'd expect from a criminal like Bama.

Start by applying a 200% import tariff on all goods from China - like other countries do to U.S. products. This will cause products that are currently being imported from China to be made again in the U.S. (as they once were), creating U.S. jobs and keeping U.S. dollars in the U.S. instead of sending them to China so they can buy up U.S. real estate.

RE: Better than nothing
By Laereom on 2/21/2011 12:42:45 PM , Rating: 2
Not likely. A 200% tariff on Chinese goods would just mean that more things get made in Korea, ROC, Mexico, and Southern Europe, most likely. It's very rare that a cost differential of 3x would move much back into America.

It would certainly patch up some holes in our budget, though, and damage the effectiveness China's mercantilist policies.

RE: Better than nothing
By YashBudini on 2/22/2011 11:07:21 PM , Rating: 2
The more jobs in Mexico the less of a reason to cross the border.

RE: Better than nothing
By The Raven on 2/20/2011 9:29:05 AM , Rating: 2
Agreed but knock Ford off the list. I don't want any union involvement in making decisions about what will grow the economy. And for the record, I'm not anti-union...I'm just anti-oversized, over-powered union. Unions should only exist when you NEED them not when you want to cry about something you WANT. If Toyota, Wal-mart, Winco, etc. can do it w/o a union, then I suggest other compaines do the same. For decades unions have been dead weight on the companies that drive our economy.

RE: Better than nothing
By YashBudini on 2/22/2011 12:18:58 PM , Rating: 1
I wont hold my breath believing DC is really going to take what "Business" has to say about improving the economy.

How about appointing Dick Cheney? He really improved Halliburton's economy from 2000-2007.

He even made a dent over at Johnny Walker.

RE: Better than nothing
By YashBudini on 2/22/2011 12:36:30 PM , Rating: 2
I'm sorry did I make a mistake here as well?

Was it Jim Beam? Perhaps Jack Daniels?

They all look alike to me.

"A lot of people pay zero for the cellphone ... That's what it's worth." -- Apple Chief Operating Officer Timothy Cook

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