The magic of the U.S. economy needs - not just consumer confidence, but more willing to compete for business - at General Electric's chief executive Jeff Immelt's attention.
America's largest enterprise groups, the Obama administration's senior adviser on employment and economic official said he believes it is not enough countries, including China's efforts and global competitors.
"The focus, brought about by globalization is good for us ... if I think we will try our best as a nation, still have our trade deficit today, I will depressed," Iraq Meier Te said the Thomson Reuters newsmaker (Monday) in New York event.
"We do not want to be so difficult," he added. "We have not really tried as hard as we can compete, education, and our products sold around the world, I think we can do better."
Country's economic malaise, now in its third year, leaving many ordinary Americans are angry and frustrated systems, Immelt admitted that he said, people need the power of compassion in their problems.
"Immelt said," the unemployment rate was 9.1%. Underemployment, especially young people, do not have a college education, much higher than. "This is a very natural assumption people are angry, I think we have sympathy and understanding, people are not feeling good."
Large and diverse group of protesters, who complained that the U.S. economic system does not work to a large slice of the population of interest, has been a month now visible presence on Wall Street. Movement, known as the "take Wall Street" has spread throughout the country.
Demonstrators complained that billions of dollars during the recession, the U.S. government spent propped up financial companies, including General Electric, which allows banks to earn profits, there is no benefit ordinary Americans.
The only answer to the growth of the world's largest jet engine turbine manufacturers and electric head, said he believes strong growth as the only answer to rising real disillusionment.
"The only way to solve this specific problem of growth," Immelt said. "If unemployment comes down people will feel better, if the rise in unemployment will feel even worse, no matter what Wall Street."
Immelt said that the average American CEO pay and the gap between is adding to the tensions.
"The gap is definitely why people today feel that their system is unfair to one of the issues," Immelt said.
However, he pointed, lower CEO pay and lower the unemployment rate itself is powerless.
"If the CEO pay all the way down, the unemployment rate was 12%, people still feel bad," Immelt said. "This is a symptom, but it is no problem."
For him, Immelt believes that U.S. companies can work with rivals in emerging markets such as China, and the profits in the development of competition in the market. He cited Russia as a major focus in the next decade, adding that, GE is also investing in resource-rich African countries, including Mozambique, Angola, Nigeria and South Africa.
GE expects its revenue outside the United States produce more than 60%. Analysts on average expect it to record turnover in 2012 of $ 14.813 billion U.S. dollars.
See slow economic growth in Europe
In recent weeks, Greece might default debt, and a threat to Europe and the U.S. financial system, concerns have been to the world economy, drive down inventory, and encourage U.S. companies and major banks JPMorgan Chase Bank, began laying off staff.
"The most likely situation is that Europe has a very long time period of slow growth," Immelt said. "This process is to resolve within Europe."
Last week, the White House advisory group responsible for Immelt said, to attract more foreign investment, the more positive energy policies and infrastructure investments can help create jobs in the economy, high unemployment, struggling with the Obama administration submitted a report.
Immelt, life-long Republican, fire from some shareholders, he and Democrat Barack Obama government. Cincinnati-born CEO has defended his role, he said GE executives had the voice in Washington.
"People need to try," he said. "I would rather do than not I can help." Attempting to stage
The partisanship in Washington, the country's economic damages, which slow down the system through the reform, Immelt said, adding that he feared anti-Wall Street rhetoric to hurt other people than those.
"If your first comment is on Wall Street is terrible, your leadership, you do not hurt Wall Street," Immelt said. "But some guy in Illinois is not going to build a factory today, because he believes that the financial system is great in my opinion terrible when leaders like me who is trying to do things more convergence, because ultimately it counts. "
United States did not try hard enough, as a nation to win overseas business, which is to promote the economic downturn, GE chief executive Jeff Immelt said.
This is a big concern, because the state can stimulate exports to address high unemployment, is leading more and more Americans, as well as the best economic system is one of the ways.
"We are not difficult," Immelt said in New York, Thomson Reuters newsmaker event for the Monday. "We have not really tried hard, because we can compete, education and marketing our products around the world, I think we can do better."
However, the largest U.S. corporate group, the Obama administration's senior adviser on employment and economic leader that the United States could be improved. He pointed out that this year, GE expects to generate 60% of sales outside of its own.
In his view, Germany - home of GE's largest competitor, Siemens is one - as a wealthy country, has been promoting the export success stories.
"Prime Minister (Angela) Merkel flies from Berlin to Beijing, 25 to go behind her on the plane of the German veterans, and these connect the dots, to play hard, they play to win," Immelt said.
President Obama, he added, "has been out driving and driven, trying to double exports in the next five years, I think we can compete well, but we are not all in the same way, the German people, all come . "
Country's economic malaise, now in its third year, left many Americans angry and frustrated, Immelt said, in the power of the people who need sympathy.
"Immelt said," the unemployment rate was 9.1%. Underemployment, especially young people, do not have a college education, much higher than. "This is a very natural assumption, people are angry, I think we have sympathy and understanding, people are not feeling good."
A large and diverse protesters, who complained that the U.S. economic system does not work to a large slice of the population of interest, the Group has for the month, there is now visible on Wall Street. Movement, known as the "take Wall Street," has spread throughout the country.
Demonstrators complained that billions of dollars during the recession, the U.S. government spent propped up financial companies, including General Electric, which allows banks to earn profits, there is no benefit ordinary Americans.
The only answer to growing
The world's largest jet engine turbine manufacturers and electric charge that he's strong economic growth that rising disillusionment with the only real answer.
"The only way to solve this specific problem of growth," Immelt said. "If unemployment comes down, people will feel better, if unemployment goes up, people will feel bad, no matter what happens on Wall Street."
Immelt said, CEO pay and ordinary Americans is to increase the gap between the tension.
"The gap is definitely one of the problems today, why people feel the system is not fair," Immelt said.
But he said, but could do nothing to reduce CEO pay to reduce unemployment. Immelt received compensation worth $ 21.4 million last year, including $ 4,000,000 in prize money, which is from his first since 2007.
"If the CEO pay all the way down, the unemployment rate was 12%, people still feel bad," he said. "This is a symptom, but it is no problem."
Immelt is the U.S. business confidence, with rivals in emerging markets such as China, and profits in the development of competition in the market. He cited Russia, a major focus in the next decade, and said, GE is also investing in resource-rich African countries, including Mozambique, Angola, Nigeria and South Africa.
GE expects its revenue outside the United States produce more than 60%. Analysts on average expect it to record $ 14.813 billion in revenue.
See slow economic growth in Europe
In recent weeks, Greece might default debt, and a threat to Europe and the U.S. financial system, concerns have been to the world economy, drive down inventory, and encourage U.S. companies and major banks JPMorgan Chase Bank, began laying off staff.
"The most likely situation is that Europe has a very long time period of slow growth," Immelt said. "This process is to resolve within Europe."
Last week, the White House advisory group responsible for Immelt said, to attract more foreign capital, more active energy policy, and infrastructure investment may help to establish employment opportunities in the economy, high unemployment, struggling to Austria Alabama Government submitted a report.
Immelt, life-long Republican, from some of GE's shareholders, he and Democrat Barack Obama work of the Government fire. CEO defended his role, saying General Electric Company executives in Washington, has long been the voice.
"People need to try," he said. "I would rather do than not I can help." Attempting to stage
The partisanship in Washington, harm national economic slowdown, efforts to reform the system, Immelt said, adding that he worried about the anti-Wall Street rhetoric to hurt other people than those. GE CEO Jeff Immelt said Monday that he sympathized with the protesters occupying the Wall Street discontent.
"9.1% unemployment rate and underemployment, especially young people, do not have a college education, much higher than," he said. "It is natural that people are very angry commitment, so I think we have to compassion and understanding, people are not feeling good."
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ThomsonReuters event in New York, CEO Immelt to discuss the salary and average salary, occupation between Wall Street activists a major source of discontent between the gap.
"I think the difference is certainly one of the problems today, why people feel the system is not fair," he said. "So, let's be honest, this is part of the problem."
This means that also quick to point out Immelt, CEO pay is not high employment crisis in the United States or the reasons for weak economic growth.
"If the CEO pay all the way down, the unemployment rate was 12%, people still feel bad," he said.
(AFL - CIO) of the report is based on earlier this year, CEO pay is a typical American workers last year, 343 times. Immelt received in 2010 about his $ 15.2 million salary.
Wall Street to meet the demonstrators occupied
Meanwhile, 14 million Americans unemployed, the problem is the task of Immelt as Obama's person in charge of Employment Opportunity Commission.
Last week, the Council put forward five-point proposal to the President, to promote investment in infrastructure and energy, efforts to attract more foreign investment, simple rules, better education and more to help small businesses.
Monday, Immelt also stressed that the U.S. economic growth and increase exports as key drivers of job creation importance.
Obama is trying to double by 2015, the track, which seems to be a target of the country's exports. But Immelt believes that the country needs more active, modeling, the German strategy, of which exports accounted for more than a third of the country's output.
America's largest enterprise groups, the Obama administration's senior adviser on employment and economic official said he believes it is not enough countries, including China's efforts and global competitors.
"The focus, brought about by globalization is good for us ... if I think we will try our best as a nation, still have our trade deficit today, I will depressed," Iraq Meier Te said the Thomson Reuters newsmaker (Monday) in New York event.
"We do not want to be so difficult," he added. "We have not really tried as hard as we can compete, education, and our products sold around the world, I think we can do better."
Country's economic malaise, now in its third year, leaving many ordinary Americans are angry and frustrated systems, Immelt admitted that he said, people need the power of compassion in their problems.
"Immelt said," the unemployment rate was 9.1%. Underemployment, especially young people, do not have a college education, much higher than. "This is a very natural assumption people are angry, I think we have sympathy and understanding, people are not feeling good."
Large and diverse group of protesters, who complained that the U.S. economic system does not work to a large slice of the population of interest, has been a month now visible presence on Wall Street. Movement, known as the "take Wall Street" has spread throughout the country.
Demonstrators complained that billions of dollars during the recession, the U.S. government spent propped up financial companies, including General Electric, which allows banks to earn profits, there is no benefit ordinary Americans.
The only answer to the growth of the world's largest jet engine turbine manufacturers and electric head, said he believes strong growth as the only answer to rising real disillusionment.
"The only way to solve this specific problem of growth," Immelt said. "If unemployment comes down people will feel better, if the rise in unemployment will feel even worse, no matter what Wall Street."
Immelt said that the average American CEO pay and the gap between is adding to the tensions.
"The gap is definitely why people today feel that their system is unfair to one of the issues," Immelt said.
However, he pointed, lower CEO pay and lower the unemployment rate itself is powerless.
"If the CEO pay all the way down, the unemployment rate was 12%, people still feel bad," Immelt said. "This is a symptom, but it is no problem."
For him, Immelt believes that U.S. companies can work with rivals in emerging markets such as China, and the profits in the development of competition in the market. He cited Russia as a major focus in the next decade, adding that, GE is also investing in resource-rich African countries, including Mozambique, Angola, Nigeria and South Africa.
GE expects its revenue outside the United States produce more than 60%. Analysts on average expect it to record turnover in 2012 of $ 14.813 billion U.S. dollars.
See slow economic growth in Europe
In recent weeks, Greece might default debt, and a threat to Europe and the U.S. financial system, concerns have been to the world economy, drive down inventory, and encourage U.S. companies and major banks JPMorgan Chase Bank, began laying off staff.
"The most likely situation is that Europe has a very long time period of slow growth," Immelt said. "This process is to resolve within Europe."
Last week, the White House advisory group responsible for Immelt said, to attract more foreign investment, the more positive energy policies and infrastructure investments can help create jobs in the economy, high unemployment, struggling with the Obama administration submitted a report.
Immelt, life-long Republican, fire from some shareholders, he and Democrat Barack Obama government. Cincinnati-born CEO has defended his role, he said GE executives had the voice in Washington.
"People need to try," he said. "I would rather do than not I can help." Attempting to stage
The partisanship in Washington, the country's economic damages, which slow down the system through the reform, Immelt said, adding that he feared anti-Wall Street rhetoric to hurt other people than those.
"If your first comment is on Wall Street is terrible, your leadership, you do not hurt Wall Street," Immelt said. "But some guy in Illinois is not going to build a factory today, because he believes that the financial system is great in my opinion terrible when leaders like me who is trying to do things more convergence, because ultimately it counts. "
United States did not try hard enough, as a nation to win overseas business, which is to promote the economic downturn, GE chief executive Jeff Immelt said.
This is a big concern, because the state can stimulate exports to address high unemployment, is leading more and more Americans, as well as the best economic system is one of the ways.
"We are not difficult," Immelt said in New York, Thomson Reuters newsmaker event for the Monday. "We have not really tried hard, because we can compete, education and marketing our products around the world, I think we can do better."
However, the largest U.S. corporate group, the Obama administration's senior adviser on employment and economic leader that the United States could be improved. He pointed out that this year, GE expects to generate 60% of sales outside of its own.
In his view, Germany - home of GE's largest competitor, Siemens is one - as a wealthy country, has been promoting the export success stories.
"Prime Minister (Angela) Merkel flies from Berlin to Beijing, 25 to go behind her on the plane of the German veterans, and these connect the dots, to play hard, they play to win," Immelt said.
President Obama, he added, "has been out driving and driven, trying to double exports in the next five years, I think we can compete well, but we are not all in the same way, the German people, all come . "
Country's economic malaise, now in its third year, left many Americans angry and frustrated, Immelt said, in the power of the people who need sympathy.
"Immelt said," the unemployment rate was 9.1%. Underemployment, especially young people, do not have a college education, much higher than. "This is a very natural assumption, people are angry, I think we have sympathy and understanding, people are not feeling good."
A large and diverse protesters, who complained that the U.S. economic system does not work to a large slice of the population of interest, the Group has for the month, there is now visible on Wall Street. Movement, known as the "take Wall Street," has spread throughout the country.
Demonstrators complained that billions of dollars during the recession, the U.S. government spent propped up financial companies, including General Electric, which allows banks to earn profits, there is no benefit ordinary Americans.
The only answer to growing
The world's largest jet engine turbine manufacturers and electric charge that he's strong economic growth that rising disillusionment with the only real answer.
"The only way to solve this specific problem of growth," Immelt said. "If unemployment comes down, people will feel better, if unemployment goes up, people will feel bad, no matter what happens on Wall Street."
Immelt said, CEO pay and ordinary Americans is to increase the gap between the tension.
"The gap is definitely one of the problems today, why people feel the system is not fair," Immelt said.
But he said, but could do nothing to reduce CEO pay to reduce unemployment. Immelt received compensation worth $ 21.4 million last year, including $ 4,000,000 in prize money, which is from his first since 2007.
"If the CEO pay all the way down, the unemployment rate was 12%, people still feel bad," he said. "This is a symptom, but it is no problem."
Immelt is the U.S. business confidence, with rivals in emerging markets such as China, and profits in the development of competition in the market. He cited Russia, a major focus in the next decade, and said, GE is also investing in resource-rich African countries, including Mozambique, Angola, Nigeria and South Africa.
GE expects its revenue outside the United States produce more than 60%. Analysts on average expect it to record $ 14.813 billion in revenue.
See slow economic growth in Europe
In recent weeks, Greece might default debt, and a threat to Europe and the U.S. financial system, concerns have been to the world economy, drive down inventory, and encourage U.S. companies and major banks JPMorgan Chase Bank, began laying off staff.
"The most likely situation is that Europe has a very long time period of slow growth," Immelt said. "This process is to resolve within Europe."
Last week, the White House advisory group responsible for Immelt said, to attract more foreign capital, more active energy policy, and infrastructure investment may help to establish employment opportunities in the economy, high unemployment, struggling to Austria Alabama Government submitted a report.
Immelt, life-long Republican, from some of GE's shareholders, he and Democrat Barack Obama work of the Government fire. CEO defended his role, saying General Electric Company executives in Washington, has long been the voice.
"People need to try," he said. "I would rather do than not I can help." Attempting to stage
The partisanship in Washington, harm national economic slowdown, efforts to reform the system, Immelt said, adding that he worried about the anti-Wall Street rhetoric to hurt other people than those. GE CEO Jeff Immelt said Monday that he sympathized with the protesters occupying the Wall Street discontent.
"9.1% unemployment rate and underemployment, especially young people, do not have a college education, much higher than," he said. "It is natural that people are very angry commitment, so I think we have to compassion and understanding, people are not feeling good."
1
Comment
ThomsonReuters event in New York, CEO Immelt to discuss the salary and average salary, occupation between Wall Street activists a major source of discontent between the gap.
"I think the difference is certainly one of the problems today, why people feel the system is not fair," he said. "So, let's be honest, this is part of the problem."
This means that also quick to point out Immelt, CEO pay is not high employment crisis in the United States or the reasons for weak economic growth.
"If the CEO pay all the way down, the unemployment rate was 12%, people still feel bad," he said.
(AFL - CIO) of the report is based on earlier this year, CEO pay is a typical American workers last year, 343 times. Immelt received in 2010 about his $ 15.2 million salary.
Wall Street to meet the demonstrators occupied
Meanwhile, 14 million Americans unemployed, the problem is the task of Immelt as Obama's person in charge of Employment Opportunity Commission.
Last week, the Council put forward five-point proposal to the President, to promote investment in infrastructure and energy, efforts to attract more foreign investment, simple rules, better education and more to help small businesses.
Monday, Immelt also stressed that the U.S. economic growth and increase exports as key drivers of job creation importance.
Obama is trying to double by 2015, the track, which seems to be a target of the country's exports. But Immelt believes that the country needs more active, modeling, the German strategy, of which exports accounted for more than a third of the country's output.
In comparison, exports account for only about 13 percent of the U.S. economy.
"They are very difficult to play, they win, they play on exports," he said. "I think we can compete, we can be very good competition, but we are not all the way in which Germany"
He said, GE is the focus for the development of Russia's key areas, as well as other emerging markets, including energy-rich countries in Africa.
Immelt also said he thought the U.S. compete with China, the world's largest exporter, not only worldwide, but in China as well.
"Now our time, there are 25 airports in China Construction today, there is construction in the United States," he said. "They will buy more aircraft, if we think we can win all the activities."
GE's highly critical of this year, in 2010, the United States without paying any income tax. Immelt said that GE's tax rate will be more than 30% this year, he expressed support for tax reform, to eliminate corporate loopholes
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