Also in this playlist...
This transcript is automatically generated
President Obama kicked up -- second year in office by announcing a new advisory council -- jobs.
It was going to be comprised of the top names in business and bring innovation and competitiveness back to the US jobs market.
Well today less than five months later with nearly fourteen million Americans still looking for work the results less than stellar.
I wake up every single morning thinking about how can I make sure that anybody who wants job is able to get a job and that's what I think about when I go to bed at night.
Well despite the president's -- attention to the issue there could be a very good reason why this panel isn't living up to the hype.
A majority of the major corporations represented are not practicing what they preach.
Starting of the top dogs GE CEO Jeffrey Immelt this is the man tapped to lead the new Arab job creation in this country.
And in just one decade -- went from employing -- 313 thousand people.
In this country to having only a 134000.
General Electric -- and stood at the top of fortune's most admired list but not since 2007.
As a reached number one.
Also analysts Xerox CEO Ursula Burns last year her company laid up 2500 workers were expected in their Western New York senator.
President Obama is also seeking advice from the American Express CEO.
And the same month the council was formed the credit card company announced plans to close a customer service center in North Carolina.
Guess -- cutting 15100 jobs.
That's after 4000 layoffs in 2009.
DuPont CEO Ellen Coleman had to hand out 4500.
Pink slips in just the first year of her tenure.
Third biggest chemical maker in the US eliminated more than 141000 employees chairing the recession.
And earlier this month -- his CEO James Mack and there -- is also wanna council told more than 500 workers they were being let go.
Intel's CEO Paul I'm telling me often ranked as the highest paid CEO.
During his tenure his staff has been reduced from a 104000.
To less than 83000.
Eastman Kodak employees less than 191000 people that is down 20%.
In just two years.
And this what a personal favorite of my President Obama is getting advice from Citigroup chairman Richard Parsons.
Now this is a company that during a recession laid off more than 50000.
Employees and oh yeah.
Took 45 billion dollars in taxpayer money just to survive.
And this my friends is just a sampling of the kind of people who have the president's here.
It's no wonder were stuck on stupid we're not making headway with the jobs crisis.
Because the people telling the White House what to do.
Will they don't have the answers either.
With friends like that needs.
Filter by section