WASHINGTON (AP) - As President Barack Obama shifts the focus of his economic advisory board from recovery to jobs and competitiveness, he's getting some nods of approval.
The new board will be headed by General Electric's CEO Jeffrey Immelt (IHM'-mehlt). Writing in the Washington Post today, Immelt says he'll put an emphasis on manufacturing, exports, trade and innovation.
The president of the U.S. Chamber of Commerce, Thomas Donohue, calls Immelt's appointment a "promising step."
But House Speaker John Boehner (BAY'-nur) is reacting cautiously. In a statement, the Ohio Republican says the revamped commission will only be helpful if it prompts the White House to look at the economy in "a new way."
Obama is traveling to GE's birthplace, Schenectady, N.Y., where he plans to highlight a new deal the company has struck with India to supply gas and steam turbines for power plants. The White House says the deal will allow for about $500 million in exports from the U.S. and help support 1,200 manufacturing and 400 engineering jobs in the Schenectady plant.
(Copyright 2011 by The Associated Press. All Rights Reserved.)